Vietnamese EV Maker VinFast Appoints Founder Pham Nhat Vuong as CEO Leadership Transition at VinFast Vietnamese electric vehicle maker VinFast announced on Saturday that its founder and primary financial supporter, Pham Nhat Vuong, has taken over the role of chief executive officer as part of the company’s ambitious overseas expansion and dealership sales growth strategy….
BYD: The Rise of an Electric Car Giant BYD: The Rise of an Electric Car Giant Introduction Elon Musk dismissed BYD in 2011 by laughing at their products during a Bloomberg interview. “Have you seen their car?” Musk quipped. “I don’t think it’s particularly attractive, the technology is not very strong. And BYD as a…
BMW and Mercedes Make Major Push into Electric Cars Introduction BMW and Mercedes are ramping up their efforts in the electric car market to compete with Chinese players and catch up to Tesla. The two automotive giants recently unveiled electric concept cars and new platforms at the IAA Mobility motor show in Munich, Germany. Mercedes-Benz…
Xpeng Secures $700 Million Investment from Volkswagen for Joint Development Chinese electric car startup Xpeng has announced a major collaboration with Volkswagen, receiving a $700 million stake to jointly develop two cars specifically designed for the Chinese market. This partnership comes at a crucial time for Xpeng, as the company seeks funding, while foreign automakers…
Nissan CEO Emphasizes the Importance of Speed in the Chinese Market Introduction Nissan CEO’s Statement Nissan CEO Makoto Uchida stated that the Japanese carmaker must quickly introduce new vehicles to compete in the crowded Chinese market. Nissan’s Strategy and Plans Uchida revealed that Nissan plans to target its existing customers in China by introducing high-value…
Chinese EV Maker Xpeng Reports Quarterly Return to Growth Overview Shares of Xpeng were higher Monday in the U.S. after the Chinese electric vehicle maker reported a quarterly return to growth for car deliveries, following more than a year of declines. Delivery Figures Xpeng on Saturday said it delivered 23,205 cars in the second quarter…
Chinese Electric Car Startup Li Auto Reports Triple Digit YoY Growth in May Deliveries Li Auto’s May Deliveries BEIJING — Chinese electric car startup Li Auto said it delivered more than twice as many cars in May versus a year ago. For a third-straight month, Li Auto’s deliveries topped 20,000 with a climb to 28,277…
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