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Chinese Carmakers

All articles tagged with #chinese carmakers

business-automotive1 year ago•1 min saved

BYD's Q1 Sales Soar, Threatening Tesla's EV Dominance

Warren Buffett-backed Chinese carmaker BYD reported a 13% year-over-year increase in "new-energy" vehicle sales, including a 46% jump in March, while Tesla's stock has dropped nearly 30% year-to-date amid expectations of lower first quarter vehicle deliveries. The global EV race is heating up, with Chinese carmakers like BYD, Li Auto, Nio, and Xpeng reporting sales rebounds in March, posing increasing competition to Tesla. Analysts have revised down their projections for Tesla's first quarter vehicle deliveries, and the company is making efforts to boost sales, including shedding its aversion to digital advertising and offering free trials of its "Full Self-Driving" mode.

via Yahoo Finance|

#business-automotive #byd #chinese-carmakers

businesstechnology1 year ago•3 min saved

"Elon Musk Warns of Chinese EV Makers' Potential to Demolish Global Competition"

Chinese EV manufacturers like BYD have surged ahead in the global market, surpassing Western rivals and leading in both low-cost offerings and cutting-edge EV technology. The export boom is driven by the companies' competitive edge and China's deflating economy. Western carmakers, caught off guard, are now facing the challenge of holding back the flood of Chinese cars, as the latter expand into Europe and the US. Chinese EVs are not just a threat due to their low prices, but also because of their advanced software features and battery technology, putting them years ahead of the competition.

via Fortune|

#businesstechnology #chinese-carmakers #competition

automotivetech2 years ago•7 min saved

Tech Giants Set to Dominate Electric Car Market: Here's Why

The automotive industry is undergoing a seismic shift towards electric vehicles (EVs) and tech companies are poised to enter the market. With governments setting targets to phase out internal combustion engines and major automakers committing to all-electric line-ups, EV sales are predicted to reach 17 million by 2028. EVs are essentially computers on wheels, allowing tech companies like Tesla and Chinese carmakers like BYD to challenge traditional automakers. The focus on infotainment and software-defined vehicles has created opportunities for tech companies to create seamless ecosystems that integrate with smartphones. Xiaomi and Huawei are already making strides in the EV market, with Xiaomi launching its first electric car and Huawei providing its HarmonyOS to various automakers. The convergence of tech companies entering the automotive space and automotive start-ups dabbling in smartphone tech is reinforcing consumer confidence and paving the way for a smoother transition. Additionally, as the industry moves towards autonomous driving, in-car entertainment and connectivity become increasingly important, providing further opportunities for tech companies to enter the market.

via TechRadar|

#automotivetech #chinese-carmakers #electric-vehicles

automotive2 years ago

Tesla and Chinese Carmakers Declare Truce, Ending EV Price War

Tesla has joined Chinese carmakers in pledging to end the electric vehicle (EV) price war in China, aiming to stabilize the market and promote healthy competition. The move comes as the Chinese government has been encouraging automakers to reduce prices and improve the affordability of EVs. By ending the price war, Tesla and other manufacturers hope to focus on innovation and quality, rather than engaging in aggressive pricing strategies.

via The Wall Street Journal|

#automotive #chinese-carmakers #electric-vehicles