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BYD sets lower sales growth & warns of looming price war

Teslarati

BYD set lower sales growth goals for 2024, warning of a looming price war and overcapacity in Mainland China’s electric vehicle (EV) sector. BYD Chairman and President Wang Chuanfu held an investors conference earlier this week. The Chinese automaker estimates account for some challenges BYD expects this year.

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Shanghai auto show: Deutsche Bank's preview

CN EV Post

While auto shows have generally started to lose some significance as automakers turn to dedicated launch events, this year's Shanghai auto show could be an exception, said Deutsche Bank analyst Edison Yu's team. (A A file photo taken by CnEVPost at the Shanghai auto show two years ago shows an ET7 wrapped in a blanket.)

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XPeng CEO says its software, AI upgrades to enter ‘super fast cycle’ – ET Auto

Baua Electric

Chinese electric vehicle (EV) maker XPeng on Thursday said its software and artificial intelligence training upgrades will enter a “super fast cycle” from May, and that it hopes use of its platform will expand to other Asian countries and Europe. In February, XPeng said it plans to hire 4,000 people this year and invest 3.5

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BYD profits decline 47% quarter-over-quarter in Q1 2024

Teslarati

The Chinese automaker beat Tesla in terms of volume deliveries in Q4 2023 but lagged behind the US electric vehicle (EV) manufacturer in Q1 2024. BYD sets lower sales growth & warns of looming price war BYD delivered approximately 300,114 beds and 324,284 plug-in hybrid cars. year-over-year.

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BYD's new plant in central Chinese city Zhengzhou goes into operation

CN EV Post

The first mass-produced vehicle to roll off the line from BYD's Zhengzhou base is a Song Pro DM-i, which has a guide price range of RMB 140,800 ($20,480) - 165,800 yuan. million, Wang said at an investor conference on March 29. 1 automaker by the end of this year, Wang said at the investor conference. If it can reach 3.6

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Lithium prices bounce after big plunge, but surpluses loom – ET Auto

Baua Electric

Lithium prices rebounded this week for the first time in five months after tumbling from record highs, but new supply of the key mineral for electric vehicle (EV) batteries coming on stream is likely to weigh on the market next year. Battery-grade lithium carbonate prices in China rose 10.6% A decision by world No.

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Confirmed! China’s Leapmotor to go on-sale in Australia in 2024 with C10 SUV

EV Central

The Chinese electrified vehicle maker Leapmotor will launch in Australia in late 2024 as part of an international expansion backed by global auto giant Stellantis. They would no doubt welcome the opportunity presented by an affordable Chinese electric brand. a 51/49 Stellantis-led joint venture headquartered in Amsterdam. “We

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