Seoul, May 20 (IANS) South Korea’s auto exports decreased more than 5 per cent from a year earlier in April, amid a sharp decrease in shipments to the Middle East due to a geopolitical crisis there, government data showed on Wednesday. But with higher oil prices caused by the Mideast crisis, domestic sales of electric vehicles increased sharply.The combined value of automobile exports came to $6.17 billion last month, down 5.5 per cent from the same month last year, according to the data from th…
Latest BYD News & Updates
New Delhi, April 14 (IANS) A fire broke out at Chinese electric vehicle maker BYD’s industrial park in Shenzhen on Tuesday morning, sending thick plumes of black smoke into the sky.According to the company, the blaze originated in a parking garage area used for storing test and scrapped vehicles. The fire was quickly brought under control, and no casualties were reported. BYD’s global headquarters is located in Shenzhen’s Pingshan district, where the incident occurred.Visuals from the site…
New Delhi, March 7 (IANS) Chinese electric vehicle maker BYD has unveiled its next-generation Blade Battery 2.0, a new EV battery technology that promises a driving range of more than 1,000 kilometres along with ultra-fast charging and improved safety features.According to the company, the battery can deliver a driving range of more than 1,000 kilometres under the China Light-Duty Vehicle Test Cycle.This marks a significant improvement compared with the first-generation Blade Battery, which typi…
New Delhi, Feb 25 (IANS) The long-term profit outlook for many Chinese electric vehicle makers is coming under pressure as weak consumer demand and rising costs begin to bite, a report has said.Investors are increasingly questioning whether the rapid growth seen over the past few years can be sustained in a market that now looks crowded and more expensive to operate in.Sales figures toward the end of 2025 highlighted the problem. Overall EV sales failed to break out of a prolonged slowdown in Ch…
New Delhi, Feb 14 (IANS) The US Department of Defence has decided to add several major Chinese companies, including Alibaba and BYD, to a list of firms it believes have links to China’s military, a report has said. The move comes just weeks before US President Donald Trump is expected to meet Chinese President Xi Jinping in Beijing, raising the possibility of fresh tensions between the two countries, as per Financial Times report.The Pentagon submitted its updated “Chinese Military Companies…
Seoul, Feb 4 (IANS) Hyundai Motor and Kia reported record vehicle sales for January in the United States, driven by strong demand for sport utility vehicles (SUVs) and hybrid models, the automakers said on Wednesday.The two automakers sold a combined 125,296 vehicles in the U.S. last month, up 7.7 percent from a year earlier, according to the companies, reports Yonhap news agency.Hyundai Motor, including its luxury brand Genesis, sold 60,794 units, up 2.4 percent on-year, while Kia’s sales jumpe…