🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
How China’s BYD is squeezing suppliers in the EV price war
Livemint
·
25d ago
Medial
China's largest automaker, BYD, is pushing its suppliers hard amidst a fierce electric vehicle (EV) price war. The company often pays suppliers using electronic IOUs, leading to extended wait times before payments are cashed in. This strategy helps BYD keep vehicle prices exceptionally low, such as offering a starter EV for under $8,000. Suppliers are pressured to cut costs and endure prolonged payment periods, compounding their financial burdens.
View Source
1
Related News
Building Apple products has become a side hustle for China’s biggest EV maker
Livemint
·
8m ago
Medial
Chinese electric vehicle maker BYD is responsible for assembling over 30% of Apple's iPads, according to industry executives and analysts. The company, which is Tesla's main competitor in the EV market, has a second business manufacturing electronics. BYD, along with iPhone assembler Luxshare, have become essential for Apple's supply chain in China, highlighting the difficulty of reducing Chinese manufacturing. Apple CEO Tim Cook has acknowledged the importance of the Chinese partners and their expertise, particularly in relation to tariff exemptions and diversifying suppliers.
View Source
China opens online channel for complaints on automakers' supplier payments - The Economic Times
Economic Times
·
28d ago
Medial
China's industry ministry has launched an online channel for complaints regarding automakers' payment pledges to suppliers, prompted by a price war backlash. Major automakers like BYD, Chery, SAIC, and Xiaomi committed to making supplier payments within 60 days. The ministry aims to regulate industry settlements and ensure "healthy and sustainable development." This initiative seeks to improve supplier relations and stabilize the automotive sector during challenging economic conditions.
View Source
Western firms are quaking as China’s electric-car industry speeds up
Ycombinator
·
1y ago
Medial
China's electric vehicle (EV) industry is revolutionizing the global market. With a rapidly growing domestic market and government subsidies, Chinese manufacturers are becoming leaders in EV production. In fact, BYD, a major Chinese firm, overtook Tesla in 2023 as the world's largest manufacturer of purely battery-powered vehicles. This shift is concerning established carmakers, who fear being overshadowed by Chinese upstarts. However, Chinese firms may face obstacles such as profitability challenges, subsidies reduction, and security concerns in exporting countries. Nonetheless, it is highly likely that Chinese EVs will dominate global roads in the same way Japanese and South Korean cars did in the past.
View Source
Everything You Wanted to Know About China’s Auto Industry Takeover
Wired
·
7d ago
Medial
China's automotive industry, bolstered by government support, is emerging as a global leader in electric vehicles (EVs), challenging established brands like Tesla and expanding rapidly into European and Australian markets. Chinese brands like BYD and Xpeng are gaining traction with affordable yet advanced EV models. Meanwhile, Tesla faces issues of brand reputation and an aging fleet. The global shift towards electrification emphasizes the need for improved charging infrastructure, and China is making strides with ultra-fast charging technologies.
View Source
Tesla's global job cuts hit China sales team, sources say
Economic Times
·
1y ago
Medial
Tesla is laying off staff in China, its biggest market after the US, as part of its global job cuts. Falling sales and intense competition in the electric vehicle market are said to be the reasons behind Tesla's decision. The company is facing a price war with rivals like BYD and is investing in new models and artificial intelligence. Tesla's global vehicle deliveries in Q1 2019 fell for the first time in almost four years.
View Source
China's BYD launches 3 EV models in Indonesia
Reuters
·
1y ago
Medial
China's BYD, the world's largest electric vehicle manufacturer, has introduced three battery EV models in Indonesia in an effort to expand its presence in Southeast Asia. BYD overtook Tesla in Q4 2023 as the top EV maker, with the majority of its sales in the Chinese market. In Southeast Asia, BYD has been outperforming competitors in EV sales due to affordable models and partnerships with local distributors. The company will now sell the Dolphin hatchback, Atto 3 SUV, and Seal sedan in Indonesia.
View Source
Chinese automaker BYD inches closer to global EV dominance as Tesla sales dip
Economic Times
·
1y ago
Medial
BYD, the Chinese automaker, is closing in on Tesla as the world's largest electric vehicle (EV) seller. In the last quarter, BYD nearly surpassed Tesla in sales, driven partly by Tesla's delivery decline due to factory downtime. BYD sold 431,603 fully-electric vehicles in the quarter, a 23% increase, compared to Tesla's 435,059. BYD's growth includes hybrid models, and it is expanding its appeal with luxury and budget-friendly EVs. The company's export sales are also increasing, making up 9% of its third-quarter sales, contributing to its dominance in the EV market.
View Source
Having Overtaken Tesla, BYD Is Running Into Problems Overseas
Livemint
·
1y ago
Medial
Chinese automaker BYD, known for its electric vehicles (EVs), is facing challenges in expanding its presence overseas. Despite surpassing Tesla as the world's top EV seller, BYD has struggled to replicate its success in Europe and other major foreign markets. Issues such as weak market demand, high pricing, quality control, and internal tensions over market share have hindered its progress. The company's inexperience is evident in problems like mold in cars and vehicle stockpiling in European warehouses. BYD is unlikely to achieve its target of selling 400,000 cars outside China this year due to slower EV sales growth and company-specific issues.
View Source
BYD slows production, delays capacity expansion at China factories, sources say
Economic Times
·
1m ago
Medial
BYD, China's leading electric vehicle manufacturer, has reduced production and postponed expansion at several factories due to rising inventory and slower sales growth. The company, which overtook Tesla as the top EV producer, has cut shifts and output by at least a third at some locations. Despite aggressive price cuts, sales fell short of targets, prompting cost-saving measures. These moves highlight challenges in China's competitive auto market, leading BYD to explore overseas opportunities to bolster sales.
View Source
AI titan Nvidia ramps up collaboration with Chinese auto giants
Economic Times
·
1y ago
Medial
Nvidia has expanded its collaboration with Chinese electric car makers, including BYD, to work on the development of autonomous vehicles using AI technology. BYD, the world's largest EV company, will be adopting Nvidia's next-generation AV computer and its all-in-one vehicle control system, DRIVE Thor. Other Chinese EV firms, such as XPeng, Li Auto, ZEEKR, and GAC Aion, have also adopted the Thor platform. Nvidia's infrastructure for cloud-based AI development and training will be utilized by BYD as well. This move strengthens Nvidia's ties with the Chinese EV industry despite restrictions on exporting its powerful AI hardware to China imposed by the US.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
/cloudfront-us-east-2.images.arcpublishing.com/reuters/CJQKJMQ4L5IENITDFKCSN5Y4BI.jpg)
