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China’s BYD tops 1.6 million BEV sales in 2023

Baua Electric

The Atto-3 SUV / Source: BYD Europe It was a huge year for profits at Chinese auto behemoth BYD. Of course, the Chinese EV market is booming – but looking at the numbers, it’s pretty staggering. Chinese automakers expect to have sold some 9.4 In 2023, the company sold 1.6 million vehicles. BYD tripled its profits to $1.5

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European automakers request 6-month postponement of new Euro standards due to COVID-19

Green Car Congress

19 has caused a significant build?up up of stocks at manufacturers, importers and dealers. It is clear the second option will have negative implications for workers, both at vehicle manufacturers and at suppliers. the shutdown of production and sales imposed by Member States to fight COVID?19 —ACEA letter.

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XPeng revs up for comeback after ending 2022 in the slow lane

CN EV Post

XPeng is grappling with a lack of consistency in its marketing strategy, said Wang Cun, an analyst with the China Automobile Dealers Association (CADA). But it definitely has yet to build up a high-end brand awareness among customers," said Wang. Comeback brewing? That was up just 20.8%

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ZAP Acquires 51% Stake in China’s Jonway Auto in Focus On China EV Market; Plans Acquisition of Other 49% in Second Phase

Green Car Congress

ZAP is a 15-year-old California EV company and Jonway Auto is a wholly owned subsidiary of Jonway Group, a 20-year-old Chinese vehicle manufacturer. Jonway’s volume manufacturing capacity gives ZAP a strong manufacturing base with the means of commercializing its innovative EV technologies. million in cash.

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