New energy vehicle giant BYD plans to gain full control of Denza, its premium electric vehicle joint venture with German automaker Mercedes-Benz Group. BYD is waiting for regulatory approval to acquire the last 10% stake it does not yet own in Denza, according to the Shenzhen-based company. The equity transfer is expected to be completed...
Chinese investment in Brazil surged by 33% in 2023, reaching a total of US$1.73 billion, according to a recent study released by the Brazil-China Business Council (CBBC). Despite a slight decrease in the number of confirmed Chinese projects—from 32 in 2022 to 29 in 2023—this year marked the third-largest investment volume since 2007. A significant...
BYD Co. has crossed a historic threshold, becoming the world’s first automaker to churn out a staggering 7 million new energy vehicles (NEVs). This milestone achievement was marked by the Denza N7, which triumphantly rolled off the production line at BYD’s Jinan factory in China’s Shandong Province. This feat signifies not only BYD’s dominant position...
Japan, a nation synonymous with car manufacturing, faces a surprising challenge: a lack of competitive electric vehicles (EVs) from its own domestic brands. This irony is highlighted by the recent “2023 Japan Electric Car of the Year” award, where a Chinese-made BYD Dolphin EV secured the top spot, with another BYD model and a Hyundai...
China’s EV leader, BYD, is making waves with the launch of its new Qin Plus DM-i Glory Edition, a plug-in hybrid priced significantly lower than popular petrol cars like Volkswagen’s Lavida and Toyota’s Corolla. This strategic move aims to accelerate the transition from fossil fuels to EVs in a slowing economy, particularly attracting young, budget-conscious...