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...
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China’s Auto Market Speeds Up in First Two Months, New Energy Soars
China’s auto industry kicked off 2024 with positive momentum, recording an 11.1% year-on-year increase in total vehicle sales to nearly 4.03 million units in the first two months, according to data from the China Association of Automobile Manufacturers (CAAM). This growth was mirrored in production, with auto output climbing 8.1% year-on-year to 3.92 million units...