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1 week ago | 
gurutrade.com | Qiaoyi Li |Zhang Yan |Tomasz Janowski
BEIJING, June 20 (Reuters) - China's Geely said on Friday it and its parent Geely Holding (GEELY.UL) would take a combined 26.4% stake in a joint venture controlled by its French partner Renault as the two seek to produce and sell cars jointly in Brazil.
The two automakers have entered an agreement that would see Renault take 73.57% in the venture that would focus on producing and distributing cars in Brazil under the Renault and Geely brands.
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2 weeks ago | 
today.westlaw.com | Brenda Goh |Zhang Yan |Kirsten Donovan |Ethan Wang
BEIJING (Reuters) -China on Friday published draft guidance to regulate the export of data generated by cars in the country, providing a potential roadmap for companies such as Tesla that have been keen to do so.
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2 weeks ago | 
cnnbrasil.com.br | Qiaoyi Li |Zhang Yan |Brenda Goh
A concorrência feroz entre os principais fabricantes de veículos elétricos da China se intensificou, com uma disputa de longa data entre BYD e Great Wall Motor (GWM) aumentando depois que a Geely se juntou para criticar os cortes agressivos de preços da BYD. A disputa remonta a 2023, quando a Great Wall Motor denunciou a BYD aos órgãos reguladores chineses, alegando que seus dois modelos híbridos mais vendidos não atendiam a padrões de emissões de poluentes.
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3 weeks ago | 
gurutrade.com | Qiaoyi Li |Zhang Yan |Brenda Goh |Kirsten Donovan
BEIJING, June 4 (Reuters) - A decline in Tesla's China-made electric vehicle sales extended to an eighth month in May, as the U.S. automaker's sales woes were compounded by brutal price wars in the world's largest auto market.
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1 month ago | 
gurutrade.com | Zhang Yan |Qiaoyi Li |Brenda Goh |Miyoung Kim
New EV orders slump 55% in April vs March, analyst data shows
Consumers seek refunds over car hood controversy
Other complain about a big discrepancy in delivery times
SHANGHAI, May 14 (Reuters) - China's Xiaomi is seeing a slump in new orders for its SU7 electric sedan, analysts said on Wednesday, as the company and its charismatic CEO grapple with a growing consumer backlash that now threatens its runaway sales success.
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1 month ago | 
businesslive.co.za | Qiaoyi Li |Zhang Yan |Brenda Goh
Beijing — Tesla’s China-made electric vehicle sales fell 6% in April from a year earlier, extending declines for a seventh month, as the US carmaker grapples with intense competition by its Chinese rivals and a tarnished image in Europe. Deliveries of China-made Model 3 and Model Y vehicles, which account for exports to markets including Europe as well as China sales, totalled 58,459 units last month, down 25.8% from March, data from the China Passenger Car Association (CPCA) showed on Wednesday.
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2 months ago | 
businesslive.co.za | Qiaoyi Li |Zhang Yan |Brenda Goh
Beijing — China’s car exports will likely face greater than forecast pressure this year as US tariff hikes hit the economies of important overseas markets hard, potentially curbing consumer demand, a Chinese auto industry association said on Wednesday. China ships very few cars to the US, which imposed a 100% tariff on imported Chinese electric vehicles under the previous administration of President Joe Biden.
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Mar 26, 2025 | 
businesslive.co.za | Zhang Yan |Qiaoyi Li |Brenda Goh
Shanghai — Chinese electric vehicle giant BYD aims to double its sales outside China to more than 800,000 cars in 2025 and will look to overcome tariffs by assembling cars locally, its chair told analysts on an earnings call on Tuesday. BYD, which sold 417,204 units overseas in 2024, expects to see “a substantial rise” in its market share in Britain, which is “very open” to competitive Chinese products, according to a transcript of the call by Wang Chuanfu that was reviewed by Reuters.
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Mar 26, 2025 | 
businesslive.co.za | Qiaoyi Li |Zhang Yan |Kevin Krolicki
Beijing — Stellantis’ Chinese partner Leapmotor plans to roll out vehicles equipped with its smart-driving technologies in Europe next year, the company’s senior vice-president said on Wednesday. That is the first timeline announced by a Chinese vehicle maker for advanced driver-assistance technologies outside China and comes as manufacturers scramble for an edge in the hyper-competitive market for EVs and long-range hybrids.
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Mar 24, 2025 | 
businesslive.co.za | Qiaoyi Li |Zhang Yan |Brenda Goh
Beijing - Chinese electric vehicle maker BYD’s net profit leapt 73.1% in the fourth quarter of 2024 to a record 15-billion yuan ($2.1bn), it said on Monday, reaping the rewards of lower prices and higher sales than rivals. Fourth-quarter revenue was up 52.7% at 274.9-billion yuan, the company said in a stock market filing. For the whole of last year, profit rose 34% to a record 40.3-billion yuan on revenue up 29%.
