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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. Image from BMW China Weibo) As a large number of car companies in China are offering huge subsidies or price cuts, BMW is offering more than 100,000 yuan ($14,360) off its all-electric model, the i3, according to local media.

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Daimler takes 12% stake in Chinese parter BAIC Motor; first non-Chinese automotive company to acquire an interest in a Chinese OEM

Green Car Congress

Daimler AG is taking a major step forward in its China strategy with the closing of the company’s 12% investment in long-standing partner BAIC Motor, the passenger car unit of Beijing Automotive Group (BAIC Group), one of the top automotive companies in China. BDNT); as well as sales companies in Hong Kong and Taiwan.

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The Toyota bZ3 Is The Electric Corolla That Africa Needs

CleanTechnica EVs

The bZ3 is a battery-electric sedan jointly developed for the Chinese market by BYD TOYOTA EV TECHNOLOGY CO., BTET is a joint venture established by Toyota and BYD Company Ltd. It will be produced by and sold through the FAW Toyota dealer network. BYD) — and FAW Toyota Motor Co. FAW Toyota). They […]

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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. The Chinese automaker has also had a challenging first quarter. During a conference, BYD Chairman and President Wang Chuanfu told investors that the company expects to top deliveries at 3.5

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Is Jaguar Inches Away from Death's Door?

The Truth About Cars

Recent posts on social media claim to feature a letter from a Jaguar dealer that tells an owner of the brand’s demise. User Chris Henry pasted text they claim is from a dealer that said, in part, “New reports suggest that JLR (Jaguar-Land Rover) is working towards spinning Jaguar off to sell it as a separate business unit.

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BYD sets lower sales growth & warns of looming price war

Teslarati

According to SCMP , Wang told investors that the company’s expects deliveries to top at 3.6 The Chinese automaker estimates account for some challenges BYD expects this year. The Chinese carmaker also slowed down construction plans for its EV factory in Vietnam. million units. year-over-year.

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Jing-Jin Electric and Allison Transmission partner to accelerate development of commercial vehicle electrified powertrain solutions for global markets

Green Car Congress

Together, the companies will further define product portfolio scope, manufacturing locations and supporting resources to be provided by each party. Allison brings more than 100 years of experience in building reliable and valued propulsion solutions, including two decades of electrified propulsion systems development and commercialization.