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...“They work longer hours . . . they are determined to actually speed up the process of bringing this new technology into reality,” he said....
...When including plug-in hybrid vehicles — which China counts as “new energy vehicles”, or NEVs, alongside pure battery and hydrogen-powered models — BYD overtook Tesla in the first half of 2022....
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...One EU official said that it was a “new regulation that we are testing”....
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...After overtaking Tesla as the world’s largest electric-vehicle maker last year, BYD has started releasing higher end models, the latest being its Yangwang U9 electric sports car with that price tag, to try...
...edward.white@ft.com...
...The comments come as the electric vehicle industry, one of China’s few economic bright spots, has been thrust into a trade war between Beijing and the west....
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...“If you want to accelerate, you don’t want to end up with Norway at 90 per cent of electric cars and Spain at 4 per cent,” he said....
...Indonesia’s low-cost nickel suppliers will wipe out rivals in the next few years, cementing the country as the world’s dominant producer of the metal vital to electric car batteries, the head of French miner...
...He’s letter comes at a time Brussels and Washington are increasingly concerned about excessive electric vehicle manufacturing capacity in China....
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...“For any doubters left in the west, I hope this is the final data point that points to BYD’s strength and, as importantly, how ‘China EV Inc’ has bullied its way on to the global stage,” said Tu Le, founder...
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