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Tesla Commences Sales of China-Made Model Y in South Korea
2023-07-15 Trade News
Tesla Introduces China-Made Model Y to South Korean Market, Adjusts Pricing for Subsidies Tesla (NASDAQ: TSLA) has commenced the sale of its China-made Model Y crossover in South Korea, accompanied by a price reduction to maximize available subsidies, as reported by Bloomberg. The rear-wheel-drive Model Y, originally priced at 56.99…
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BYD transforms Chaser 07 hybrid sedan into Seal DM-i
2023-07-15 Trade News
BYD, the new energy vehicle (NEV) giant, has unveiled the Seal DM-i, formerly known as the Chaser 07, at the Shanghai Auto Show. The B+ sedan in BYD's Ocean series is set to launch in the third quarter with prices ranging from RMB 200,000 to 250,000 yuan. The rebranding aims…
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BYD Seeks Approval to Manufacture Electric Vehicles and Batteries in India, According to Report
2023-07-14 Trade News
BYD has submitted a $1 billion investment proposal to partner with a local company to produce EVs and batteries in India, according to Reuters. (Image credit: Auto in China) BYD (OTCMKTS: BYDDY) has submitted a proposal for a $1 billion investment to produce electric vehicles (EVs) and batteries in India…
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Li Auto Addresses Xpeng Executives’ Concerns Regarding Weekly Sales Rankings
2023-07-14 Trade News
Li Auto Clarifies Weekly Sales Rankings Amidst Doubts Raised by Xpeng Executives Li Auto (NASDAQ: LI) has responded to concerns raised by Xpeng executives regarding the weekly sales rankings it shares, emphasizing that the data is obtained legally and in compliance with industry standards. According to a report by local…
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Tesla’s Shanghai Plant Achieves Milestone: 1 Millionth Model Y Rolls Off the Assembly Line
2023-07-14 Trade News
Tesla's Shanghai Factory Reaches Milestone: 1 Millionth Model Y Produced Tesla (NASDAQ: TSLA) achieved a significant milestone as its Shanghai factory celebrated the production of its 1 millionth Model Y, solidifying its position as the largest Tesla factory globally. Various local automotive media outlets reported on this achievement, sharing an…
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BYD Advances Battery Plant in Hungary, Focusing on Local Hiring, Report Reveals
2023-07-14 Trade News
According to local media, if BYD establishes a power battery assembly plant in Hungary, it will significantly enhance the supply chain for Tesla's Berlin factory. (Image credit: CnEVPost) BYD (OTCMKTS: BYDDY) is actively recruiting in Hungary, indicating its progress in constructing a new battery assembly plant in the country, as…
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