article thumbnail

BYD to Chinese Auto Industry: "Demolish the Old Legends" in the EV Race

The Truth About Cars

The Chinese giant is one of the world’s busiest EV automakers, with almost 1.9 Though enormous, BYD isn’t satisfied with dominating its home market and wants the rest of the Chinese electric auto industry to come with it. Build Your Dreams, or BYD, is likely one of the largest companies you’ve never heard of.

article thumbnail

China auto price war: BMW dealers offer discounts of up to $14,360 for i3

CN EV Post

A rare price stampede is taking place in the Chinese auto market. BMW officially made the BMW i3 available in China on March 31, 2022, when only one version, the BMW i3 eDrive35L, was offered, and only for the Chinese market. The rumors and the dealers' moves come as the Chinese auto industry is staging a rare price war.

Dealers 139
article thumbnail

Ricardo signs new contract with China’s Xingrui for 6-speed transmissions

Green Car Congress

Ricardo has signed a contract to assist Anhui Xingrui Gear Company on a detailed design review and technology assessment, with the aim of helping the Chinese Tier 1 manufacturer to improve the efficiency and shift quality of its transmission products. Formed in 1966, Xingrui is a manufacturer of transmissions for the Chinese auto industry.

Chery 218
article thumbnail

Groupe Renault, Brilliance form JV for LCVs in China in three segments with three brands; accelerating electrified powertrains

Green Car Congress

The Chinese LCV market is reaching upwards of 3 million units annually. We see China not only as the biggest car market worldwide, but also as a trend setter for the auto industry. Brilliance and Groupe Renault are joining hands to build a world-class model for the development of LCVs.

China 150
article thumbnail

Regulatory filing: VW ID.7 coming to China

CN EV Post

China's Ministry of Industry and Information Technology today announced the latest batch of models that will soon be allowed to be sold, and the ID.7 The Chinese public can submit feedback between April 12 and April 18. 1 = RMB 6.8823) VW joins China auto price war, offers up to $5,820 discount on ID. The new ID.7

China 105
article thumbnail

Full CPCA rankings: Top-selling models and automakers in China in Feb

CN EV Post

The China Passenger Car Association (CPCA) announced on March 9 the top selling models and car companies in China in February, presenting a panoramic view of the Chinese auto industry. 15 Mercedes-Benz E-Class 12,153 9,378 29.6% 9 Mercedes-Benz E-Class 26,696 30,398 -12.2% 7 Li Auto 16,620 8,414 97.5%

China 143
article thumbnail

Li-ion battery maker Boston-Power announces $125M in new financing; focus on and support from China

Green Car Congress

The growth capital and Chinese government incentives will be used predominantly to scale manufacturing, research and development, and business development activities in China for the company’s energy storage technology and products. Boston-Power, Inc., GSR Ventures has offices in Beijing and Silicon Valley. Purcell, Jr., Earlier post.).

Boston 199