On March 10, BYD held the delivery ceremony of the 10000th ATTO 3 in Thailand and laid the foundation for BYD's Thailand factory.
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The 2023 Lexus RZ electric crossover competes not just against rivals ranging from Nissan through the automotive alphabet to Mercedes, but to electric vehicle startups such as Lucid, Rivian, and Tesla that have raised the bar for electric luxury. So how are Lexus and parent company Toyota positioning the RZ 450e to compete? In a word...
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Continue reading 2023 Lexus RZ 450e First Drive Review: The yoke is no joke
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Permalink | Email this | CommentsBYD will also set up its own charging network in Europe using static batteries instead of the national grid.
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The electric parking brake might fail because faulty washers were fitted to the calipers.
The initial order will include the BYD Atto 3, which will be available under the Salary Sacrifice program.
BYDDY.US | BYD HK
(Image credit: BYD)
BYD (OTCMKTS: BYDDY), which just last week officially announced its entry into the UK passenger car market, has signed a purchase agreement with a local car rental company.
BYD entered into a partnership with UK-based Octopus Electric Vehicles (Octopus EV) on March 10, which plans to buy 5,000 BYD electric vehicles over the next 3 years, according to a press release today.
The initial order will include the BYD Atto 3, an all-electric C-segment SUV that debuted in the UK this month.
The vehicles will be offered with the Salary Sacrifice program, one of the most affordable ways to lease BYD vehicles in the UK, according to the Chinese new energy vehicle (NEV) maker.
The start of this commercial relationship lays the foundations for Octopus EV to become a BYD partner for the Salary Sacrifice scheme in the UK, with plans for further orders in the future, the release said.
A salary sacrifice program is an agreement to reduce an employee's cash compensation entitlement, usually in exchange for a non-cash benefit.
Founded in 2018, Octopus EV is a subsidiary of Octopus Energy Group, one of Europe's largest renewable energy investors based in the UK.
Octopus EV offers services including electric vehicle leasing, charging post installation, and special discounted tariffs for electric vehicles through its parent company.
On March 8, BYD announced the official start of sales of the Atto 3 in the UK, its first passenger car offered in the country.
The model will start at £36,490 ($43,230) in the UK and local deliveries will begin on March 15, BYD said last week.
The first BYD pioneer stores will open soon, in the backbone of the U.K., including Birmingham, Manchester, Glasgow and Milton Keynes, the company said.
The Atto 3, known in China as the Yuan Plus, went on sale on February 19, 2022, and is the first SUV on BYD's all-electric platform, e-platform 3.0.
BYD to deliver 100,000 EVs to German car rental firm SIXT over next six years
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The Lynk & Co 08 was finally revealed in China... And it has appeared to be not that appealing. Let's get to know it better.
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The driver set the maximum speed to 80 mph, but the car chose safety over speed.
The move is based on Gotion's controlling shareholder's recognition of the company's value and confidence in its continued rapid growth, according to an exchange announcement.
The controlling shareholder of Chinese power battery maker Gotion High-tech plans to increase its stake in the company, whose stock has continued to fall over the past few months.
Gotion's controlling shareholder, Nanjing Guoxuan Holding Group, plans to increase its stake in the company by no less than RMB 200 million yuan ($29 million) and no more than 300 million yuan within six months from March 13, according to a Shenzhen Stock Exchange announcement on March 12.
The share purchase plan will not set a price range, and the controlling shareholder of Gotion will increase its shareholding at an opportune time according to the fluctuation of the share price and the overall trend of the capital market, according to the announcement.
The move is based on Nanjing Guoxuan's recognition of Gotion's intrinsic value and investment value and confidence in the company and the continued rapid development of the global lithium battery market, the announcement said.
Prior to the increase, Nanjing Guoxuan held 9.6 percent of Gotion's shares, while its two concert parties, Li Zhen and Li Chen, held 5.81 percent and 1.6 percent of the shares, respectively.
Li Zhen is the chairman of Gotion and holds 80.69 percent of Nanjing Guoxuan's shares, according to data provider Tianyancha. Li Chen is Li Zhen's son, according to Gotion's third-quarter earnings report.
Nanjing Guoxuan and its concert parties together hold 17.01 percent of Gotion's shares and have promised not to reduce their holdings within six months after completing the increase, according to the announcement.
They will execute the plan through the means permitted by the Shenzhen Stock Exchange securities trading system by September 13, according to the announcement.
Gotion ranked fourth with a 3.58 percent share of the power battery installed base in China at 0.78 GWh in February.
While Gotion's share of the China power battery market has remained stable, its shares have continued to fall over the past few months and are currently down more than 40 percent from their recent highs in early July 2022.
As of Monday's close, Gotion was down 0.62 percent to RMB 28.92 in Shenzhen.
($1 = RMB 6.9014)
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The feature comes courtesy of a new, more powerful onboard AC charger.