BYD unit buys US firm Jabil’s mobile parts business in China for $2.2 billion
By Sameer Manekar and Yelin Mo (Reuters) – Chinese automaker BYD said on Monday its electronics unit has struck a deal with U.S.-based manufacturer Jabil Inc to buy its mobile…
Chinese EV comptition hots up as BYD offers discounts
By Zhang Yan, Meg Shen and Ethan Wang BEIJING (Reuters) – China’s BYD Co, the world’s leading seller of battery electric vehicles (BEVs) and plug-in hybrids, on Thursday announced discounts…
China’s BYD to launch a second new EV brand in 2023
By Zoey Zhang and Brenda Goh SHANGHAI (Reuters) – China’s BYD Co will launch a new “professional and personal” electric car brand in 2023, a senior executive said on Thursday…
China’s BYD to launch new premium electric car brand in 2023
By Zhuzhu Cui, Zhang Yan and Brenda Goh SHANGHAI (Reuters) – Chinese electric vehicle giant BYD said on Tuesday that it would launch a new premium brand in the first…
Tesla plans six-seat Model Y, production slated for 2025 in China
By Zhang Yan and Casey Hall SHANGHAI (Reuters) – Tesla plans to produce a six-seat variant of its Model Y car in China from late 2025, two people with direct…
China Evergrande’s EV arm drops after creditors seek bankruptcy proceedings for units
By Hong Kong newsroom HONG KONG (Reuters) – Shares of China Evergrande New Energy Vehicle fell 7% in Monday morning trade after individual creditors of two of its units sought…
Thailand to offer investment incentives for makers of hybrid vehicles
By Kitiphong Thaichareon BANGKOK (Reuters) – Regional auto making hub Thailand will introduce investment incentives for manufacturers of hybrid vehicles, its Board of Investment (BOI) said on Friday, with excise…
Turkey’s Erdogan announces $30 billion in incentives for high tech areas
By Can Sezer and Tuvan Gumrukcu ANKARA (Reuters) – Turkey will launch a $5 billion package to boost its annual production of electric vehicles to one million cars, President Tayyip…
Tesla profit margins worst in five years as price cuts, incentives weigh
By Hyunjoo Jin, Akash Sriram (Reuters) – Tesla on Tuesday reported its lowest profit margin in more than five years and missed Wall Street earnings targets in the second quarter,…
GM not reiterating 2025 1 million EV production capacity forecast
By David Shepardson (Reuters) – General Motors on Monday declined to reiterate its previously announced forecast that it would have 1 million units of electric vehicle production capacity in North…