BYD, the world’s top-selling electric-vehicle maker, is currently discounting almost every model it sells, as part of a marketing campaign declaring ‘electricity is cheaper than oil’.

The two companies aim to churn out EV batteries that can last for as long as 15 years, nearly double the current average lifespan, which could help EV users save tens of thousands of yuan, they say.

Inchcape’s tech-driven Hub aims to speed up the EV revolution in Hong Kong, providing a variety of services alongside its fleet of electric vehicles on offer

Analysts says lower battery costs are enabling EV makers to discount prices amid tougher competition and efforts to take more share from petrol car manufacturers.

The car starts at just over US$11,000, lower than bestselling petrol-powered cars like Volkswagen’s Lavida and Toyota’s Corolla.

TSMC’s second chip fabrication plant in Japan marks a major victory for Prime Minister Fumio Shikida, as his government seeks to boost domestic production of integrated circuits.

The Japanese carmaker’s global sales, including those of subsidiaries Daihatsu and Hino, rose 7.2 per cent year on year to a record 11.2 million cars in 2023

China’s car sector broke production and sales records last year, buoyed by surging deliveries of electric vehicles and rising exports to markets such as Russia.

Global sales rose 12 per cent from a year earlier to 986,262 units, the most ever for the month of November. That included a 17 per cent increase in China to, while production there rose 14 per cent.

Chinese electric vehicle makers are rapidly gaining market share in Thailand and have pledged US$1.5 billion in investment for manufacturing.

Japanese carmakers will display EV concepts to send the message they are willing and able to make battery-powered car sightings more common on the country’s roads in the years to come.

While wiping out Russia’s biggest source of used cars, the sanctions have driven down prices in Japan and left brokers scrambling to send vehicles to Southeast Asia, New Zealand and elsewhere.

The company started European sales of two models just weeks ago and plans to add another seven by 2025, but its aspirations could run into a roadblock should the European Union impose extra import tariffs on Chinese EVs.

BYD, China’s biggest EV maker, has launched its Dolphin compact hatch in Japan, where imported cars account for a small slice of the market. The base model is priced at US$24,560.

Toyota planned to halt operations at all 14 factories in Japan because of a system glitch, but said that it did not appear to be a cyberattack.

GAC Toyota has terminated the jobs of 1,000 employees because of falling sales on the mainland, which declined 2.8 per cent year on year in the first six months of 2023.

It’s an oft-repeated argument from the world’s No. 1 carmaker: that the transition to fully electric vehicles will take longer than people expect, and that a multipronged approach will reduce emissions faster.

Domestic carmakers are rapidly gaining market share in China as they embrace electric vehicles faster than their foreign rivals who are grappling with unused manufacturing capacity of gas and diesel vehicles

Chinese carmakers will continue to offer discounts well into the second half of the year as the debilitating price war shows no signs of slowing down in the world’s top market, industry insiders said at the Shanghai Auto Show.

The Toyota Prius hybrid and all-electric Nissan Leaf had early-mover advantage, so why is no Japanese company among the top 20 makers of electric vehicles now?

Three years after the coronavirus pandemic triggered a global shortage of semiconductor chips and crippled car manufacturing, Ford, GM and others are raking in huge profits.

Geely subsidiary Aerofugia has completed the trial run of its five-seater AE200 flying car, moving the Chinese auto giant closer to its goal of delivering electric vertical take-off and landing vehicles to market.

ByteDance-owned cloud service Volcano Engine and Haomo.AI have established the largest dedicated computing centre for autonomous driving in the world’s biggest car market.

Hainan officials arrive in Germany on Monday, seeking collaboration with institutions and companies, after trips to Japan and Hong Kong yield deals with Swire Group, PwC and Charles Li’s Micro Connect.

Beijing’s zero-Covid stance may be doing what Donald Trump didn’t manage to fully achieve during his term as US president – shifting global supply chains away from China for the first time in 40 years.