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China’s electric cars and Iran war, BYD’s profit run ends: 7 EV reads
From some Chinese carmakers raising prices to Xiaomi’s fresh fight with Tesla, here are seven EV stories you may have missed
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We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing.
1. The Iran war could widen China’s EV lead over its global rivals. Here’s why
Surging oil prices driven by the US-Israel war on Iran could accelerate the global adoption of electric vehicles – a sector that helped China overtake Japan to become the world’s largest seller of automobiles last year.
2. 3 Chinese EV makers raise prices – but demand slowdown could force reversal
Three Chinese electric vehicle (EV) makers have raised prices for some models in response to rising supply chain costs, but analysts say the increases are unlikely to be sustained given weakening domestic demand.
3. BYD’s four-year profit run ends, eyes global markets as next engine of growth
China’s electric vehicle (EV) king BYD posted its first annual profit drop in four years as it faced intensifying competition from domestic rivals in a cutthroat market.
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