As awareness increases, Chinese consumers are taking to electric vehicles. But just how evolved is the Chinese electric car industry?
This week saw the end of Yahoo China, the Shanghai Composite Index peaked, and Uber found an unlikely partner in the Warren Buffet-backed BYD.
The slowing auto market is reshaping the automobile industry in China.
This week, the BYD stock price fell sharply, as did Geely’s; Baidu invested in ride-sharing company Uber; and China’s factory activity slowed further.
The government money is there, the producers are capable, so what is stopping electric cars in China from taking off?
The week that was: Qihoo 360 heads to Silicon Valley to fund start-ups; CCTV’s latest smear campaign targets Bank of China; China’s trade numbers look up; and electric cars may get cheaper. Qihoo 360 launches its VC Fund in Silicon Valley Qihoo 360, an internet security firm based in Beijing, has just set up a venture […]
Chinese automobile manufacturer BYD Auto has great expectations from the US market. Can it deliver? An interview with Stella Li, Senior Vice-President of BYD and CEO of BYD Motors, the company’s US arm. When Tesla CEO Elon Musk heard a Bloomberg reporter mentioning Chinese automaker BYD Auto as a Tesla competitor, he just laughed, three times. “Have you […]
Will the ‘fair price’ strategy help electric car manufacturer Tesla in China? Elon Musk, the maverick founder and CEO of the Silicon Valley-headquartered electric car maker Tesla Motors, has had his eyes on China for a while now. Last year, he called the China market a “wild card” in the company’s future. In January this […]
Chinese car maker BYD is finding it tough to shift from imitation to innovation. It used to take a cheeky sense of pride in copying, then beating much bigger rivals. Low costs and imitation made BYD one of China’s top five carmakers in an incredibly short space of time, even inviting a high-profile $232-million […]