SHANGHAI — China’s biggest electric vehicle (EV) maker BYD said its third-quarter net profit jumped 350% from a year ago, helped by a wider range of product offerings and strong sales that saw it beat Tesla in the world’s largest auto market. BYD’s net profit for the July-September quarter reached 5.72 billion yuan ($788.75 million),
BERLIN — Chinese electric vehicle maker Nio will only lease its cars when it launches in four European markets this year, its CEO told Reuters, betting that flexibility will be a key selling point as drivers switch to the new technology. Users will be able to lease a car with a 75-kilowatt-hour battery for 1,199-1,295
Elon Musk. REUTERS/Adrees Latif Officials are pushing back on Elon Musk’s proposed solutions to China-Taiwan tensions and the Ukraine war. In a recent interview, he suggested making Taiwan a special administrative zone, similar to Hong Kong. Neither Taiwanese nor Chinese officials appeared pleased by the billionaire’s advice. Tesla CEO Elon Musk has weighed in on
BERLIN (Reuters) – Daimler Truck has begun producing Mercedes-Benz branded trucks in China, with the first vehicles rolling off production lines at its joint plant with China’s Foton Motor Co in Beijing on Friday, the truck and bus maker said. China is the world’s biggest market for heavy trucks, with around 1.5 million units sold
A customs officer inspects imported lithium carbonate at Longwu Branch Terminal of Shanghai İnternational Port (Group) Co., Ltd. on June 6, 2022 in Shanghai, China. (Photo via Getty Images) The surge in prices of lithium, the key battery material used to power electric cars, is seemingly unstoppable. Lithium carbonate hit a fresh record of 500,500
A worker from a graphite factory, his face covered with the mineral, makes his way home in the district of Mashan, China. The northeastern province of Heilongjiang is rich in graphite and factories that process it, and locals complain of contaminated air and water affecting their crops and health. (Getty Images, 2016) Graphite is a
Plant closures and other challenges didn’t keep Tesla’s Chinese factory from crossing a key milestone. As Electrek notes, company chief Elon Musk has revealed that Gigafactory Shanghai recently produced its 1 millionth car. As mentioned earlier in August, Musk noted that Tesla has made a total of 3 million electric vehicles to date. The facility
Stellantis NV shuttered its only Jeep factory in China because local politicians are increasingly meddling in business in the world’s biggest car market, Chief Executive Officer Carlos Tavares said Thursday. The carmaker is implementing an “asset-light” strategy in the country because of concerns that rising political tensions could lead to sanctions in a conflict between China
SHANGHAI — Chinese automaker Zhejiang Geely Holding on Tuesday unveiled a new electric pickup truck, targeting growing demand from city residents as coronavirus curbs fuel an interest in outdoor activities like camping. The Volvo owner also launched a new brand, Radar, at an online event on Tuesday where it showcased its first pickup product, named
SHANGHAI — Tesla in June achieved its highest monthly sales of China-made vehicles since opening its Shanghai plant in 2019, data showed on Friday, as the U.S. carmaker ramped up output which had been hit by the city’s COVID-19 lockdown. Tesla sold 78,906 China-made vehicles in June, including 968 for export, the China Passenger Car
