Electric vehicles

China’s EV makers taking longer to pay bills amid rising stress

Nio Inc. was taking around 295 days to clear its receipts payable at the end of 2023 versus 197 days in 2021.

Electric vehicles

BYD posts record sales quarter to challenge Tesla at own EV game

BYD should find out within days whether it has sold enough cars to overtake Tesla for the first time on a quarterly basis.
Chinese Carmaker Overtakes Tesla as World's Most Popular EV Maker - THE EDGE SINGAPORE

Electric vehicles

Chinese carmaker overtakes Tesla as world's most popular EV maker

Elon Musk once scoffed at the notion that BYD could compete with his company. Now, the automaker is poised to be the new no. 1.

Disruption and Digitalisation

Battery giants hit by slump in China's electric vehicle market

(Nov 22): Contemporary Amperex Technology Co (CATL) and BYD Co saw sharp declines in sales of electrified-vehicle batteries in September as demand weakened in China, where the government is cutting subsidies in the EV sector.