Latest news with #newenergyvehicles
Bloomberg
09-07-2025
- Business
- Bloomberg
JPMorgan Says China's Crackdown on Overcapacity May Boost Stocks
Policies in China that are aimed at curbing excess capacity may be positive for equities and global trade if executed right, according to JPMorgan Chase & Co. Companies that are sector leaders, especially those involved in new energy vehicles and property, are likely to benefit from stronger pricing, higher revenue market share and healthier margins, strategists including Wendy Liu wrote in a note Wednesday.
Yahoo
04-07-2025
- Automotive
- Yahoo
BYD begins production in Brazil
China's BYD Auto has begun production at its newly-built passenger vehicle assembly plant in Bahia State, Brazil, as the company continues its rapid global expansion. The opening of the plant comes just fifteen months after the company held the ground-breaking ceremony, in March 2024, and is a few months ahead of schedule. BYD said it is investing BRL 5.5 billion (US$ 1 billion) in the facility, which has a designated production capacity of 150,000 battery-powered and plug-in hybrid vehicles per year. It is located near the coastal city of Camaçari, with easy access to the Port of Aratu, and is expected to create around 20,000 jobs directly and indirectly across the local supply industry. BYD's executive vice president, Stella Li, confirmed in a statement: 'From breaking ground to the first car rolling off the production line, it has only taken us 15 months. This achievement heralds a new chapter for BYD and sustainable transportation in Latin America." The first model to go into production was the Seagull, renamed the Dolphin Mini for the local market, which the company claims is the country's best-selling all-electric vehicle model with 34,000 sales to date. Production of the Song Pro and Chaser 05 (King) is scheduled to go into production in the next few weeks. BYD first entered the Brazilian market in 2021 and has sold a total of more than 130,000 vehicles here so far. In the first quarter of 2025, the company sold a total of 20,000 new energy vehicles in the country. Alexandre Baldy, head of Sales and Marketing at BYD Auto Brasil, said in a statement: 'We are transforming Camaçari into a powerhouse for the future. This manufacturing complex represents a victory for innovation, sustainability, and trust in Brazil. BYD has brought with it technology, investment and a purpose: to be part of the next chapter of the national automotive industry. What we are seeing today in Bahia is a milestone in the reindustrialization of the country and a major technological leap. BYD is now a company made by Brazilians for Brazilians.' BYD said the Camaçari plant is equipped with cutting-edge technology, including intelligent automation which controls all phases of production. The company claims the facility is one of the most advanced in the world, with intelligent sequencing systems which prioritise production of models for which demand is highest. Each vehicle can be tracked in real time as it moves along the line. BYD's global sales increased by 33% to 2.146 million vehicles in the first half of 2025, including 464,000 in over 110 overseas markets. "BYD begins production in Brazil" was originally created and published by Investment Monitor, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
02-07-2025
- Automotive
- Yahoo
Li Auto's June deliveries decline 24% yoy
Li Auto, a player in China's new energy vehicle (EV) market, has made 36,279 vehicle deliveries in June 2025, representing a year-on-year (yoy) decline of 24.06% and an 11.2% decrease from the previous month. The company's deliveries for the second quarter of 2025 totalled 111,074, amid strong competition in China's automotive market. The total cumulative deliveries reached 1.3 million, as of 30 June. The recently launched Li MEGA Home MPV has surpassed sales projections, becoming the market leader among MPVs priced over 500,000 yuan, Li Auto said. Li Auto's current model lineup includes Li L9, a six-seat flagship family SUV, Li L8, a six-seat premium family SUV, Li MEGA, a high-tech flagship family MPV, Li L7, a five-seat flagship family SUV, and Li L6, a five-seat premium family SUV. Its expanding product portfolio will soon include the six-seat battery electric family SUV Li i8 and the five-seat Li i6, enriching its lineup with four extended-range electric SUVs, one flagship MPV, and two battery electric SUVs. The SUV Li i8 family's launch will take place this month, while the SUV Li i6 is expected to be launched by September. As of the end of June 2025, the company operates 2,851 super charging stations with 15,655 charging stalls throughout China, demonstrating its commitment to providing comprehensive services to its customers. Li Auto chairman and chief executive officer Xiang Li said: 'As we embark on the next decade, we are committed to sustained investments in our products and technologies, while intensifying efforts to elevate our brand. Recently, we proudly sponsored the Aranya Theater Festival and the Jiangsu Football City League, cultivating our brand's emotional value via art and sport while exploring diverse avenues to build multidimensional resonance with users. "Over the next ten years, through our long-term, persistent dedication, I hope Li Auto will provide users with not only cutting-edge technology and caring services, but also happiness and companionship rooted in emotional bonds." "Li Auto's June deliveries decline 24% yoy" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Times of Oman
15-06-2025
- Automotive
- Times of Oman
Lens To Lens: China-Central Asia cross-border route of new energy vehicles
Beijing: As the largest land port for automobile exports in China, Horgos Port has implemented a 24-hour freight clearance system, working 7 days a week, to enhance trade logistics. According to statistics from Horgos Customs, the port had exported about 421,000 vehicles in 2024, reaching a new record high. In recent years, the options for freight companies to choose from for outbound customs clearance to the neighbouring Kazakhstan have become increasingly diverse, ranging from the traditional cage truck loading to the more flexible and low-cost "self driving export", which have greatly facilitated the development of related businesses and continuously improved the customs clearance efficiency. Gao Yun works as a car transporter, transporting Chinese new energy vehicles from Horgos to the transit parking lot on the Kazakhstan side by "selfdriving export". There are many car transporters at the road port of Horgos like her. The development of the automobile export has also promoted local employment and economic development of the China- Kazakhstan border areas. China's new energy vehicles departing from Horgos are transported to cities in Kazakhstan, Central Asian countries, and other countries and regions. Car transporter Gao Yun poses for photos with her passport in front of the new national gate in Horgos, northwest China's Xinjiang Uygur Autonomous Region, June 10, 2025. (Xinhua/Chen Shuo) Car transporter Gao Yun shows the QR code for customs clearance at an inspection site of the road port of Horgos in Horgos, northwest China's Xinjiang Uygur Autonomous Region, in the early morning on June 11, 2025. (Xinhua/Chen Shuo) A car transporter drives a vehicle to the customs entrance at the road port of Horgos in Horgos, northwest China's Xinjiang Uygur Autonomous Region, May 29, 2025. (Xinhua/Wang Fei) Car transporter Gao Yun, driving an exported vehicle in the rain, arrives at a parking lot in the town of Zharkent, Kazakhstan, May 23, 2025. (Xinhua/Li Renzi) A vehicle inspector inspects a newly arrived Chinese new energy vehicle at a parking lot in the town of Zharkent, Kazakhstan, May 23, 2025. (Xinhua/Li Renzi) This photo taken on May 27, 2025 shows vehicles waiting for inspection and release at the road port of Horgos, northwest China's Xinjiang Uygur Autonomous Region. (Xinhua/Wang Fei) Commercial vehicles wait in line for export at the road port of Horgos in Horgos, northwest China's Xinjiang Uygur Autonomous Region, in the early morning on June 11, 2025. (Xinhua/Chen Shuo) This combo photo shows Chinese new energy vehicles driving on the streets of Almaty, Kazakhstan taken on May 15, 2025 (upper L, upper R, and lower R), and taken on May 26, 2025 (lower L). (Xinhua/Li Renzi) Employees of the transport companies drive new energy vehicles imported from China out of the port of Kazakhstan, heading towards the transit parking lot in the town of Zharkent, Kazakhstan, May 22, 2025. (Xinhua/Li Renzi).
Zawya
15-06-2025
- Automotive
- Zawya
Mannai Automotive Group and BYD ink initial order for Denza and Yangwang
Doha, Qatar – Mannai Automotive Group has signed a strategic agreement with BYD, marking a significant milestone in their growing partnership and paving the way to introduce two of BYD's most premium new energy vehicle (NEV) brands. Following the signing, Mannai has placed initial vehicle orders for the Denza B5, Denza B8, and Yangwang U8—a decisive step toward executing the joint go-to-market strategy. The agreement was formalized last week during a bilateral high-level meeting between Mr. AD Huang, General Manager – BYD Africa and Middle East, and Mr. Rajesh Krishnan, President – Mannai Automotive Group, in the presence of Mr. Alekh Grewal, Group Chief Executive Officer – Mannai Corporation. Mr. Krishnan commented: 'Placing the first set of orders is a clear indication of our operational commitment and strategic confidence in this collaboration. We're excited to bring vehicles that reflect innovation, performance, and customer-centric design to our market.' Mr. AD Huang, General Manager BYD Middle East and Africa, added: 'We are proud to take this significant step with Mannai Automotive Group, one of the most trusted names in the Qatari market. This partnership strengthens BYD's regional presence and supports our vision to accelerate the adoption of new energy vehicles through trusted local partners who understand their customers and are committed to innovation and sustainability.' The initial order includes the long-awaited Denza B5 and Denza B8, two premium plug-in hybrid models combining refined aesthetics with smart mobility features, as well as the Yangwang U8, a high-performance electric PHEV SUV engineered for power, safety, indulgence, and cutting-edge technology. During the engagement, both companies aligned on launch timelines, showroom readiness, digital infrastructure, and customer experience enhancements. Mannai has already started accepting customer bookings, and the market response has been overwhelmingly positive. Customers and enthusiasts are warmly invited to visit Mannai Automotive's new showroom located in the Dune Plaza Building, Tornado Tower, where the latest innovations from Denza and Yangwang will soon be on display. The space reflects the brands' forward-thinking ethos and provides a premium environment to explore, experience, and place order for these cutting-edge electric vehicles. About Mannai Automotive Mannai Automotive Group is a division of Mannai Corporation, one of Qatar's most established and diversified business groups. With over 75 years of heritage, Mannai Automotive represents global automotive brands including Cadillac, GMC, Subaru, BYD, JAC, and now Denza and Yangwang. It is known for its excellence in customer service, market leadership, and innovation. About BYD BYD (Build Your Dreams) is a global leader in new energy vehicles and advanced battery technologies. Operating in more than 70 countries and regions, BYD is at the forefront of the electric mobility revolution, delivering sustainable and intelligent transportation solutions worldwide.
