BYD will unveil a new construction machinery battery claimed to be the fastest charging on November 26 at the Bauma China exhibition.
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Currently 90 percent of China's power batteries are transported by road, and rail transportation is expected to reduce costs and improve efficiency.
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BYD is developing a smart driving chip with a computing power of 80 TOPS that will be used in the company's models priced between RMB 80,000 ($11,060) and RMB 300,000, according to local media.
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Li Auto had 12,300 insurance registrations last week, Xpeng 6,300, Zeekr 6,000, Leapmotor 8,500 and Aito 7,200.
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The Bao 8 is the second model from Fang Cheng Bao and the first under the BYD umbrella to feature Huawei's driver assist system.
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In the January-October period, BYD was No. 1 in the NEV market with a 34.8 percent share, while Tesla was No. 3 with a 6.0 percent share.
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In October, China's power battery installations amounted to 59.2 GWh, up 51 percent year-on-year and up 8.6 percent from September.
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BYD plans to use smart driving features as a weapon to drive sales growth next year, as the marginal effect from price advantage begins to wane, according to local media.
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BYD’s Denza Z9 sedan, launching at the Guangzhou Auto Show, offers four body colors, two interior themes, and a starting pre-sale price of 46,670 USD.
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