One of the most frustrating comments we have heard in the aftermath of the Shanghai Auto Show in April were comments that automotive industry executives were “caught by surprise” with how rapidly China has changed and in a way that is not favorable to the traditional carmakers...
Media Source : THE WIRE CHINA 26 FEB 2023 How did the Chinese automaker become such a dominant force in the EV industry? And, perhaps more importantly, can it stay that way? Illustration by Luis Grañena BY ELIOT CHEN — JUNE 18, 2023 If you had to pinpoint the moment...
On Jun 7, Arbe Robotics, a provider of the next-generation 4D Imaging Radar Chipset Solution, has announced a definitive agreement to raise $23 million through the sale of its registered ordinary shares. The shares will be purchased by the Special Situations Funds and certain existing...
Media Source : REUTERS 16 JUN 2023 A view of a Tesla sign at its factory in Shanghai, China June 12, 2023. REUTERS/Aly Song China cautious about approving new EV production -analysts Tesla has aimed to produce 450,000 cars a year at new site Chinese EV production...
Lackluster May sales paid for with a price war Record PHEV sales solidifies market leadership of BYD and Li Auto Comments from Bill Russo, Founder & CEO of Automobility Ltd. Let’s begin by repeating our statement from our previous newsletters: year-over-year comparisons are irrelevant in the second quarter because 2022 was...
Media Source : Washington Post Chinese 14 JUN 2023 By Meaghan Tobin and Lyric Li People walk by a BYD stand at the 20th Shanghai International Automobile Industry Exhibition in April. BYD models are now the top-selling electric vehicles in Thailand, Israel, New Zealand and Singapore. (Hector Retamal/AFP/Getty...
Media Source : Bloomberg Stella Li at BYD offices in Los Angeles.Photographer: Kyle Grillot/Bloomberg 13 JUN 2023 BYD’s Li says policy will slow Americans’ adoption of EVs Climate bill carves out China, which controls battery supplies By Yvonne Yue Li BYD Co., China’s homegrown company that’s now become the...
Ker Gibbs, Bill Russo and Jean Liu will discuss their new book at this event on June 29 in Shanghai. Bill is a contributing author to the book Selling to China: Stories of Success, Failure, and Constant Change (2023), where he describes how China has become...
Committees Event - Automotive Committee June 20, 2023 9AM - 9:45AM (GMT+8) Event Details The AmCham Shanghai Automotive Committee** invites you to our Monthly State of China's Automotive Industry webinar on Tuesday, June 20 from 9:00 am - 9:45 am, to be held via Zoom Meeting. The goal of the Automotive...
China Auto Chongqing Summit 2023 Shaping the Future of An Industry in Transition June 8-9, 2023 Chongqing Yuelai International Convention Center This year’s summit brings together leaders from across the auto sector in China. Bill Russo will be speaking on the afternoon session on Day 2 of the summit. Panel...