S&P Global, April 29, 2020 Author: Soon Chen Kang Theme: Retail & Consumer Products China's decision to extend subsidies and exemptions for electric and plug-in hybrid vehicles until 2022 is unlikely to significantly boost sales in this category, given the stronger effects the government's wider initiatives to...
CNN Money, February 26, 2018 One of the richest men in China has made a big bet on an icon of Europe's automotive industry. Li Shufu, the billionaire chairman of Chinese car maker Geely (GELYF), invested about $9 billionbuying a stake of almost 10% in Daimler (DDAIF),...
Automotive News, February 14, 2018 Tesla Inc., the biggest-selling electric carmaker in the U.S., is in danger of being relegated to an expensive niche in China because Elon Musk can't clinch a deal to open a factory there. More than seven months after Tesla said it was...
Bloomberg Business Week, October 26, 2017 [caption id="attachment_16718" align="aligncenter" width="300"] A vehicle in an acoustics testing lab at BYD Co. headquarters in Shenzhen, China, on Sept. 21, 2017. PHOTOGRAPHER: QILAI SHEN/BLOOMBERG[/caption] For decades, financial pundits in China have been placing Wang Chuanfu, the visionary green technology entrepreneur...
The Wall Street Journal, October 2, 2017 Nearly half of all plug-in vehicles are sold in China, driven by relentless subsidies and regulations By Trefor Moss Oct. 2, 2017 10:24 a.m. ET Click here to read this article at wsj.com SHANGHAI—China has created the world’s largest electric-car market by sheer force...
THE FINANCIAL TIMES, September 21, 2017 [caption id="attachment_16689" align="aligncenter" width="300"] A BYD assembly line in Shenzhen, where the carmaker has its headquarters © Reuters[/caption] Click here to read the full article at FT.com Earlier this month, China’s vice-minister of industry, Xin Guobin, said China was looking at banning...
Week in China, September 8, 2017 Elon Musk’s prediction is that steering wheels will virtually disappear within twenty years, because most people will be transported in autonomous vehicles. “It will be like having a horse,” the Tesla boss explains. “There will be people who have non-autonomous cars,...
Reuters, August 28, 2017 BEIJING (Reuters) - Chinese automaker BYD Co Ltd (002594.SZ)(1211.HK), backed by U.S. investor Warren Buffett, said on Monday net profit fell sharply for the first half of the year, as Beijing reins in subsidies and other policy support for green energy cars. The...
ASSOCIATED PRESS / Feb 22, 2017, 03:06 AM By JOE McDONALD AP Business Writer In this photo, taken, Feb. 19, 2017, a worker assembles a Haval SUV H3 model at the Great Wall Motors assembly plant in Baoding in north China’s Hebei province. Great Wall Motors became China’s most...
Bloomberg News, December 16, 2015 China to be `epicenter of electrification,' analyst says BYD, Zotye among biggest sellers of electric cars in China China has found electric cars a tough sell even after lavishing consumers with subsidies and privileges. After almost certainly failing to meet a target to...