Smart and Sustainable Electric Mobility
BYD is looking to accelerate the replacement of traditional fuel vehicles with NEVs at lower prices, and more automakers following suit is expected to speed up the process.
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So it begins.
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Lotus Technology plans to merge with L Catterton Asia Acquisition Corp in order to list on the Nasdaq, issuing up to 181,315,064 ordinary shares.
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Li Auto will launch its first BEV model, the Li Mega, as well as the 2024 L-series EREVs at the event.
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To date, BYD has more than 90,000 R&D engineers and has filed more than 48,000 patents worldwide, according to an announcement.
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BYD makes its hybrid models less expensive than its petrol counterparts in a strong second offensive against them.
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BYD will launch new variants of the Qin Plus and Chaser 05 in Glory Editions on February 20, both starting at RMB 79,800, or $11,100, according to local media.
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Among the top 5, Tesla only produces BEVs, while the other automakers produce both BEVs and PHEVs.
The post Automakers' share of China's NEV market in Jan: BYD tops with 31%, Tesla 5th with 6% appeared first on CnEVPost.
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Employees will be paid as usual until February 18, and after March 15 only HiPhi employees in Shanghai will receive basic pay, according to local media.
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BYD is China's largest NEV maker, capturing 35 percent of the country's NEV market in 2023.
The post China could see single-month NEV penetration exceed 50% this year, says BYD chairman appeared first on CnEVPost.
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