Media Source : CNBC 18 MAR 2024 by Dylan Butts and Evelyn Cheng KEY POINTS Given policy uncertainty around Chinese EV exports to major markets like the U.S. and Europe, BYD is seeking to bolster overseas sales by moving production to regions perceived as more friendly. BYD is...
Media Source : Reuters March 28, 2024 By Sarah Wu and Yelin Mo BEIJING, March 28 (Reuters) - China's Xiaomi (1810.HK) will launch its highly anticipated electric vehicle (EV) on Thursday when it will reveal its pricing and start taking orders, marking the electronics company's entry into the...
Hyper-competition Triggers Price War II Comments from Bill Russo, Founder & CEO of Automobility Ltd. As we have highlighted in our February newsletter, China's automotive market is contending with a number of headwinds exiting 2023: Multi-year decline in sales volumes of Internal Combustion Engine (ICE) powered vehicles (down 11 million units from...
Committees Event - Automotive Committee April 23, 2024 9AM - 10AM (GMT+8) The AmCham Shanghai Automotive Committee invites you to our Monthly State of China's Automotive Industry webinar on Tuesday, April 23 from 9:00 am - 10:00 am,, to be held via Zoom Meeting.The goal of the Automotive Committee is to...
DATE: March 28, 2024 TIME: 18:00 - 21:00 DRESS: Business Attire VENUE: Kempinski One Suites, 601 Fengyang Road, Shanghai - Subway line 2, West Nanjing Road Station. Bill Russo will be the featured speaker at the next RBC CEO Talks event to be held on Thursday, March 28, 2024, from 6-9pm, at the...
Arbe, a globally recognized leader in Perception Radar solutions, has officially unveiled its latest strategic endeavor: the establishment of a new office in Shanghai, China. This move underscores Arbe's unwavering dedication to fortifying its position within the region and enhancing collaborative efforts with key stakeholders. The...
Media Source : Financial Times Warren Buffett-backed company loses some market share to sanctions-hit Chinese telecoms group The Financial Times, March 26, 2024 by Edward White in Shanghai and Gloria Li in Hong Kong BYD profits rose last year but fell short of expectations as Tesla’s main Chinese rival...
Media Source : The Wire China The fierce competition between Chinese automakers has the potential to reshape EV markets around the world — and stoke resistance. By Rachel Cheung March 24, 2024 When BYD kicked off its latest marketing campaign last month, it used a simple slogan: “Electric Is...
Media Source : Xinhua News In 2023, China's auto exports surged 57.9 percent year on year to a record high of 4.91 million vehicles. Especially, new energy vehicle exports were growing rapidly. In the latest InShanghai Roundtable, we'll explore more about China's NEV industry. Guests: Bill Russo,...
Media Source : Bloomberg News March 11, 2024 Major automakers look to high-tech features beyond drivability Country’s cut-throat industry has had sluggish start to year In China, electric vehicles with built-in fridges and even in-car karaoke systems are considered passé. Instead, carmakers are turning to increasingly novel...