BYD Co Ltd

A Li Auto store inside a shopping mall in Yantai, Shandong province on May 6, 2023.Future Publishing | Future Publishing | Getty ImagesBEIJING — 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 vehicles in May, according to a release Thursday. That's up by about 146% from a year ago.related investing newsIn contrast, competitors Nio and Xpeng both reported a year-over-year drop…

Ford CEO Jim Farley on Feb. 13, 2023 at a battery lab for the automaker in suburban Detroit, announcing a new $3.5 billion EV battery plant in the state to produce lithium iron phosphate batteries, or LFP, batteries.Michael Wayland/CNBCDETROIT – Ford Motor's largest competition in electric vehicles isn't U.S. leader Tesla or crosstown rival General Motors, it's Chinese automakers, CEO Jim Farley said Thursday.Farley said Chinese companies such as Warren Buffett-backed BYD are ahead of the large U.S. automakers and…

A XPeng Inc. G6 electric sport utility vehicle (SUV). The company is hoping the release of the new car will boost sales which plunged in the first quarter.Qilai Shen | Bloomberg | Getty ImagesShares of Chinese electric vehicle firm Xpeng dropped on Wednesday after the company reported earnings that missed expectations and forecast a plunge in car sales.Xpeng shares were down more than 5% in pre-market trade in the U.S.Here's how the company did versus Refinitiv consensus estimates for the first quarter:Revenue: 4.03…

A presenter stand next to Hyundai's all-electric SUV 'IONIQ 5' during its launch at the Auto Expo 2023 on January 11, 2023 in Greater Noida, India.Ajay Aggarwal | Hindustan Times | Getty ImagesSouth Korean automaker Hyundai Motor Company is ramping up its production capabilities as it aims to become one of the world's top three electric vehicle manufacturers by 2030.The automaker is investing heavily in research and development, building new plants and platforms as well as expanding EV lines and production capacity."We…

Visitors check a Tesla Model 3 car next to a Model Y displayed at a showroom of the U.S. electric vehicle (EV) maker in Beijing, China February 4, 2023.Florence Lo | ReutersTesla hiked the price of several cars in key markets, including the U.S. and China, after a number of cuts this year.Elon Musk's electric vehicle company increased the price of vehicles including its Model 3 and Model Y in the U.S., China, Canada, and Japan.In China, Tesla's Model 3 now costs 231,900 Chinese yuan ($33,549), up from the previous price…

Huawei's co-developed Aito electric car brand is now selling an updated version of the M5 model that comes with new driver-assist tech.Bloomberg | Bloomberg | Getty ImagesBEIJING — Companies in China are playing up assisted driving technology as a way to compete in the hot electric car market.Around the Shanghai auto show that kicked off last week, electric car startups and Chinese tech companies alike made several announcements about their driver-assist tech.It's not clear how powerful any of the announced features are —…

Toyota displays a new concept electric car — developed jointly with BYD and FAW — at the Shanghai auto show in April 2023.CNBC | Evelyn ChengBEIJING — Toyota this week began taking orders for its first electric sedan in China, and announced two more models are set to come to the local market next year.The three cars are part of the Japanese car giant's bZ, or "beyond zero" lineup of battery-electric cars. Toyota, the world's largest automaker by vehicles sold, has been relatively cautious about investing in fully electric…

BYD's new luxury brand Yangwang is selling its first model, the U8, for more than 1 million yuan ($160,000).CNBC | Evelyn ChengSHANGHAI — Fully autonomous driving is "basically impossible" and the technology would be better applied to manufacturing, according to Chinese battery and electric car company BYD.Many electric car and tech companies are working on self-driving technology. Using a form of the tech for assisting drivers with parking and other tasks is increasingly a feature that Tesla and electric car brands in…

BYD's Han electric car, pictured here at the 2021 Shanghai auto show, is one of the most popular new energy vehicles in China.Evelyn Cheng | CNBCSHENZHEN, China — Electric vehicle giant BYD is banking on new driver-assist technology to smooth out car rides and get the edge on its EV competition. BYD, backed by Warren Buffett's Berkshire Hathaway, announced Monday a new technological system for stabilizing car rides through rugged terrain, sharp turns and even shallow water. The shock absorption tech is set to be a feature…

Chinese electric car startup Li Auto saw deliveries surge by nearly 66% in the first quarter from a year ago.Zhang Peng | Lightrocket | Getty ImagesBEIJING — Chinese electric car brand Li Auto delivered more cars in March than Xpeng did in the first quarter, according to company releases.Li Auto delivered 20,823 vehicles in March — for a total of 52,584 deliveries in the first three months of the year. That's up by nearly 66% from the first quarter of 2022.In contrast, Xpeng only delivered 18,230 cars in the first quarter…