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News on the Auto Industry in China

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BYD establishes brand in upper tier of EV firms
Dec 9, 2022 (WiC 611)

As a challenging year comes to a close for the Chinese economy, BYD Auto will look back on its own achievements with some satisfaction. Despite all the Covid-related disruption to supply chains, as well as the associated hit to consumer ...

Battering their way ahead

EV sales double in August on last year as local brands take charge
Sep 30, 2022 (WiC 602)

August was another seismic month for retail sales of electric vehicles (EVs) in China, which jumped to 529,446 cars, up 112% year-on-year, as reported in the latest edition of HSBC’s China EV Tracker. The large majority of sales were of ...

Warren Buffett starts selling shares in BYD
Sep 9, 2022 (WiC 599)

When Warren Buffett buys shares in a company, it is terrific news for the other shareholders. The broader market immediately takes note, bidding up the price for the stock. The reverse can be true when the Sage of Omaha decides to sell his ...

Unmanned fleets

Are trucks autonomous driving’s killer app?
Sep 2, 2022 (WiC 598)

Could trucks overtake taxis in the race to bring driverless trips to everyday life? Much of the coverage of the revolution in autonomous driving in China has congregated around taxi services. But uptake of automated driving is showing signs of ...

Does hefty fine for Didi clear the road ahead?
Jul 29, 2022 (WiC 595)

Are there any circumstances in which a fine of more than a billion dollars might be regarded as a good day at the office? Top that up with a dramatic dressing-down from regulators and you might think that last week brought one of the worst ...

Electric reaction

BYD stock plummets over rumour Warren Buffett planned to sell stake
Jul 22, 2022 (WiC 594)

What’s that old proverb about being measured by the company that you keep? In the case of BYD Auto, the saying has seemed like something of a mixed blessing this month after China’s biggest manufacturer of electric vehicles (EV) made ...

Meet China’s newest EV battery unicorn
Jul 15, 2022 (WiC 593)

Commentators are talking about a tipping point in the electric vehicle (EV) sector. Sales of EVs have pushed past the 5% mark (in adoption rates) in the US, Europe and China, which means they are starting to go mainstream in the market. But ...

Will it overtake?

Geely’s Polestar in Nasdaq IPO as it plays catch up
Jun 30, 2022 (WiC 591)

The deaths of two people after a test vehicle drove off the third floor of a Shanghai building was always going to be bad news for a company in the run-up to one of the most important moments in its history. But Chinese electric vehicle (EV) ...

Geely-backed ECARX mulls US listing
Jun 17, 2022 (WiC 589)

It doesn’t seem that long ago that Li Shufu was making a name for himself by talking about carmaking as being a simple affair of just putting together “four wheels and a sofa”. No longer the outsider, the founder of Zhejiang Geely now ...

EV battery firms look to lock in raw materials
Jun 10, 2022 (WiC 588)

“A skilled woman cannot cook without rice,” warned the Southern Song Dynasty poet and historian Lu You, in what has become a famed Chinese saying. The country’s media has been deploying that idiom again this week to illustrate the ...

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