BYD will launch a new electric vehicle brand with the first model expected to hit the market later this year, people close to the company said on Tuesday. The Chinese manufacturer will give the new marque, codenamed F, a wide product lineup from sports cars to off-road vehicles, in the hope of grabbing market share […]
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Nio Capital backs high-end luxury EV maker: report
Nio Capital, a venture capital firm founded by Willliam Li, chief executive of Chinese electric-vehicle maker Nio, is reportedly investing “dozens of millions of dollars” in an EV startup that plans to enter the country’s upper premium and luxury auto segment. The company, called Zhixing in Chinese pinyin, expects to launch its first model at […]
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Nio Capital reportedly invests in the luxury off-road EV segment
The move could help Nio to enter a more expensive segment and extend its market reach by managing a growing portfolio of targeted brands.
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Toyota’s Chinese partner GAC launches its own luxury EV brand
Chinese automaker Guangzhou Automobile Group (GAC) on Thursday launched Hyper, a new, high-end brand of electric vehicles, and demonstrated the Hyper SSR, its first supercar under the marque with a starting price of RMB 1.29 million ($180,000). Claiming to be China’s fastest all-electric supercar, the sleek two-seater can accelerate from 0 to 100 kmh (62 […]
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BYD’s new EV brand seeking to become a luxury “role model”
BYD said on Tuesday that its new electric vehicle brand, called Yangwang in Chinese pinyin, will be a “role model” for luxury cars in the latest move by the Chinese automaker to boost its exposure in the country’s high-end auto segment. The new marque will have access to BYD’s most advanced technology and complete supply […]
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Geely’s luxury EV brand Lotus to go public in SPAC Merger
Lotus Technology, an electric vehicle company affiliated with Chinese auto major Geely, said on Tuesday that it will go public on the Nasdaq Stock Market by merging with special purpose acquisition company L Catterton Asia Acquisition Corp. The deal will value the combined group at $5.4 billion and is expected to close in the second […]
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BYD debuts first luxury off-road SUV under its Yangwang marque
Chinese electric vehicle maker BYD on Thursday showcased the U8, its first-ever high-end, off-road sports utility vehicle model under the new Yangwang sub-brand, in the company’s latest move to boost its exposure to the country’s high-end EV segment. The all-terrain full-size SUV will feature an 800 volt vehicle architecture with four electric motors, offering what […]
Posted inHeavy Hitters
BYD’s super-luxury cars: four motors, 360° tank turns, and RMB 1 million-plus price tags
BYD has become one of the few Chinese automakers to enter the uncharted waters of the super-luxury car segment controlled by German auto majors.
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BYD’s luxury brand Denza to release three more models this year: CEO
Denza, a luxury auto brand majority-owned by China’s BYD, said on Monday that it plans to introduce three new electric vehicle models this year as part of its bid to seize market share, Chinese media reported, citing BYD’s chairman Wang Chuanfu. At a press conference on Monday, the Chinese EV giant also released the D9, a multi-purpose vehicle under the Denza brand with a starting price of RMB 335,000 ($49,413). Denza was first co-developed by BYD with Daimler in 2010, with each firm holding a 50% stake in the joint venture. BYD acquired another 40% of the company’s shares from the German group last December.
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How can technology help the fashion industry move towards sustainability?
Representatives from Lanvin Group, Fashion for Good, and Feiliu Tech had an insightful discussion on sustainability in the fashion industry.
