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The $10,000 BYD Seagull EV is scaring the U.S. auto industry

Teslarati

China is the world’s largest automotive market, and understandably so, an important one for electric vehicle (EV) makers like Tesla. BYD launched its Seagull, a small hatchback EV with a price tag starting at 69,800 yuan (~$9,773), at the Shanghai Auto Show last year. auto market anytime soon , some U.S.

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Stellantis strengthens ties with China’s auto industry

Teslarati

Stellantis appears to be strengthening its ties in China’s automotive industry. Stellantis recently repurchased €934 million in shares from Chinese auto company Dongfeng as per a pre-existing share repurchase framework. Dongfeng Motors Corporation Ltd. Stellantis invested €1.5

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Auto industry to invest USD 7 bn in 5 years to deepen parts localisation – ET Auto

Baua Electric

“World over, the industry is building resilient supply chains by reducing overdependence on any particular country or geography,” said Shradha Suri Marwah, president of ACMA. Automakers and their suppliers are likely to make this investment between FY24 and FY28, industry body Automotive Component Manufacturers Association ( ACMA ) said.

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Hyundai seeks to restore market share in China with new EV brand

Teslarati

Hyundai seeks to restore its market share in China with a new electric vehicle (EV) brand. a 50-50 joint venture between Hyundai Motor and BAIC—announced a new project to develop an electric vehicle brand exclusive to the Chinese market. Tesla China accounted for 22.5% Hyundai’s annual output in China peaked in 2017 at 1.6

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China Needs More Ships to Handle Its Rapidly Growing EV Exports

The Truth About Cars

China had long been a sort of a sleeping giant in the world economy, though it hasn’t been so sleepy over the last few decades. The country’s tech, automotive, and manufacturing industries have become juggernauts in their respective sectors, and the Chinese auto industry has solidified itself as a global force.

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Japan’s EV reluctance claims first casualty: Mitsubishi suspends business in China

Electrek

Japanese automaker’s reluctance to go all-electric is already taking a toll on the nation’s auto industry. Mitsubishi Motors revealed this week it’s suspending operations in China due to its inability to keep up as EVs continue to take over the market.

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BYD offers discounts for Song and Seal as China's auto price war intensifies

CN EV Post

Image from BYD's Weibo) As the price war intensifies in China's auto industry, BYD has also started offering discounts for its two models, even though the official prices remain unchanged. Consumers who order BYD 's Song Plus lineup this month will receive a discount of RMB 6,800, or RMB 8,800 for the Seal.

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