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On December 26th, Li Yunfei, the General Manager of Brand and Public Relations Department of BYD Group, posted a message at noon saying: “If you want to accuse someone falsely, there is no lack of pretext! In matters related to smearing Chinese brands, smearing China itself, and attempting to undermine China-Pakistan friendship, we have seen […]
BYD‘s global expansion is still ongoing, and next year the company will produce its best-selling models Dolphin and Atto 3 in Europe. In an interview with the German business magazine Capital, Li Ke, head of BYD’s European region, revealed that BYD is building a large production base in Hungary and will start capacity expansion by […]
Multiple sources claim that Xiaomi is preparing to launch its automotive business overseas. The international department of Xiaomi Group has set up a team to prepare for overseas sales, and is currently recruiting positions such as market research, project management, and electric vehicle after-sales engineers. In the automotive sector, Xiaomi‘s autonomous driving department has added […]
NIO plans to release version 3.1.0 of the Banyan intelligent system in January 2025, which will achieve the first push of an end-to-end large model architecture for intelligent driving, NIO‘s end-to-end intelligent driving “better late than never”. For comparison, the Banyan 3.0.0 version of the intelligent system released by NIO in August focuses on upgrading […]
It’s been a tough year for air taxi startups. The UK’s Vertical Aerospace is running short of cash, while Germany’s Lillium faces bankruptcy. Targets for commercialisation keep getting extended. Investors are hesitant to commit. The reason for all the struggles is pretty simple. Building, certifying, and commercialising brand-new aircraft designs like electric vertical take-off and […]
Wednesday before markets open, Nio (NYSE:NIO) plans to reveal its Q3 results. With revenue forecasts expected to jump 1.5% YOY to $2.65 billion, Wall Street analysts project an adjusted loss of $0.31 per share. Operating in a very competitive Chinese EV industry, the Shanghai-based electric vehicle (EV) manufacturer, which hasn’t turned a profit, is growing […]