An XPeng Inc. G9 electric vehicle at the Shanghai Auto Show in Shanghai, China, on Monday, April 24, 2023. Qilai Shen | Bloomberg | Getty Images Global electric vehicle manufacturers are leveraging advanced technology to compete with both each other and domestic brands in the fiercely competitive Chinese market. China, the largest EV market in …
The Xpeng G9 SUV made an appearance at the 20th Shanghai International Automobile Industry Exhibition in Shanghai, China on April 18, 2023. Image Source: VCG | Visual China Group | Getty Images Chinese electric car startups Xpeng, Nio, and Li Auto released their vehicle delivery numbers for July, showing varying degrees of growth amidst increasing …
VinFast is poised to commence construction on its long-awaited U.S. factory this Friday. Steve Russell | Toronto Star | Getty Images Le acknowledged the growing competition in the U.S. market. “We believe there is still ample opportunity for new entrants. As long as we offer high-quality products, U.S. consumers are receptive to new players,” said …
A Nanjing Road pedestrian street on October 1, 2022 in Shanghai, China. Yan Daming | Visual China Group | Getty Images Chinese stocks experienced a significant surge on Tuesday following Beijing’s commitment to implementing measures to strengthen the country’s struggling economy. The Hang Seng Index in Hong Kong rose by more than 3%, while China’s …
BYD Vice President Yang Dongsheng speaks at a launch event for the Denza N7 electric SUV on July 3, 2023, in Beijing. Bloomberg | Bloomberg | Getty Images Chinese electric car giant BYD is introducing a new electric SUV, which serves as a significant competitor to Tesla’s Model Y. BYD’s Denza brand has already received …
Toyota Motor stock is experiencing its most successful week since 2009, driven by the company’s plans for next-generation electric vehicles and the approval of its new leadership, including former CEO Akio Toyoda as chairman. Toyota’s stock reached a new 52-week high on the New York Stock Exchange, closing at $168.18 per share, an increase of …