In 2023, Tesla and BYD were the world’s two largest electric vehicle (EV) companies by a large margin, holding19.9%and17.1%market shares respectively. With no other company able to match their scale, these two automakers have found themselves locked in a competition for the global EV crown...
China has a growing love affair with the cars.This is clear at the Beijing Asian Games Village Automobile Exchange where more and more people come to look and increasingly to buy.Alice Wu is an editor at a Chinese Internet publication
consumers to buy a car now.In the past, it would take them several years to earn enough money to buy a new car.Now, he says, many people only need to save for one year.Also, the emergence of less expensive domestic brands like Chery and BYD means more Chinese can afford cars. ...
and we think it will get some business from chip makers looking for alternative etching and packaging. We think it will have a profitable foundry operation and that it will make good chips that people want to buy as well. But we also think the X86 market is going to decline as Arm rises...
In the end, many Chinese companies seem to have just realized that the past fascination with scale has made them miss something even more crucial. Wang Chuanfu, chairman and chief executive of BYD, said BYD should pay more attention to the quality of selling cars instead of blindly pursuing ...
NIO is ‘small fry’ in the global auto market, which is what makes it an attractive stock to buy. So small is the company that there is only one way it can go – up. There is plenty of growth potential in the global EV market (see below). Every car company – old and new –...