BYD was outselling rivals in China early this year, and as competition in the region increases, the company is apparently looking to boost its cash flow. On Friday after market close, BYD entered into a placing agreement to offer 50 million shares of the company’s stocks in Hong Kong, according to CNEVPost. With the shares priced […]
Following Tesla’s announcement of its plans to shift standard variants of Model 3 and Y units to lithium iron phosphate (LFP) batteries globally, the company has apparently made a huge battery order from one Chinese company with a California factory. Tesla reportedly ordered 10 GWh of LFP electric vehicle (EV) batteries from BYD, according to […]
After reports came out last month saying that Apple may develop its autonomous vehicle alone, despite still being on the lookout for suppliers, a new update shows that talks with two large companies in China may be on the fence. Apple’s electric vehicle (EV) talks with China-based CATL and BYD have largely been put on […]
As competition continues to mount in China’s robust electric vehicle (EV) market, a new rumor from multiple credible sources claims Tesla may be receiving a new type of battery from a fellow competitor turned supplier. According to multiple sources, the Warren Buffett-backed automaker BYD is expected to provide Tesla with Lithium Iron Phosphate (LFP) “blade […]
As Apple prepares to develop its own electric vehicle (EV), the company has been talking to a number of different potential battery suppliers, and has now entered early discussions with a few key companies in China. Apple is currently talking with China’s Contemporary Amperex Technology (CATL) and Warren Buffett-backed BYD about supplying batteries for the […]
Warren Buffett-backed Chinese automaker BYD has outsold fellow Chinese vehicle manufacturers Xpeng Motors and NIO in March, according to CNBC, as the race for EV supremacy in China heats up. On Wednesday, BYD disclosed that it sold 16,301 battery electric vehicles in March, compared to just 7,257 deliveries from NIO in the same month, and […]
With a range of electric vehicle (EV) options recently becoming available to buyers in China – like BYD, NIO, Xpeng Motors, Wuling HongGuang, and others – some are electing to buy local, instead of imported options like Tesla. According to qualitative research collected by CNBC, Chinese EV buyers considered factors like price competitiveness, driving range […]
China makes up the world’s largest auto market, so what’s happening in the country with vehicle manufacturers will influence what happens in the world’s transition to zero-emission vehicles. On Wednesday, it was reported that automaker BYD is outselling most of China’s other electric vehicle (EV) startups, in spite of a nearly 11% decrease in the […]
