BYD is set to announce a 4-million-unit target, with a higher 4.2 million sales forecast given to suppliers, including 2 million BEVs, and 2.2 million PHEVs, according to local media.
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BYD launched the updated Qin Plus sedan on February 19, the first model it's updating in its second offensive against traditional fuel cars.
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IM Motors CEO said the company's fifth model will be an EREV, set to become the latest after Avatr to look to gasoline engines to boost sales.
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The Yangwang U9's powertrain delivers up to 1,306 Ps of horsepower, allowing the vehicle to sprint from 0 to 100 kilometers per hour in 2.36 seconds.
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Updated versions of BYD's Han and Tang are poised to take the price war further into the mid- to high-end EV market.
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BYD chairman Wang Chuanfu doubled the amount of his proposed buyback of the company's shares in the A-share market to RMB 400 million from RMB 200 million and will be used to reduce registered capital.
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The service barely affects battery swap stations' ability to provide service to car owners, with one station bringing in revenue in the tens of thousands of euros a year, according to a Nio vice president.
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Lotus Technology has a market capitalization of $9.3 billion, higher than Xpeng's $8.1 billion and slightly lower than Nio's $11.2 billion.
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"Against the backdrop of increasingly severe global climate change, we must take proactive measures to reduce carbon emissions," FinDreams said.
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The actions of the two employees led to the leakage of the company's trade secrets, with serious consequences, Li Auto said.
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