According to a report from Central News Agency, China's automotive leader BYD announced on the 1st that its 2024 new energy vehicle (NEV) sales reached 4.272 million vehicles, marking a substantial 41% YoY increase and setting a new historical high. The growth is primarily attributed to the surging ...

As the merger between Japanese automakers Nissan and Honda highlights the threat from Chinese-made electric vehicles, there may be another fundamental issue which haunts the industry – the waning global EV demand. According to Business Korea, factory utilization rates for South Korea's leading ...

According to a report from Radio Taiwan International, citing South China Morning Post, price wars in China's automotive industry have intensified due to fierce competition and overcapacity. The report notes that with the Chinese government’s subsidy of RMB 20,000 for car replacements set to ex...

Japanese automobile giants Honda and Nissan are reportedly undergoing merger talks amid rising competition in the Chinese market. However, a Nikkei report reveals that the move may also be prompted by a potential acquisition by Taiwan’s Foxconn, a situation which both companies would rather avoid....

According to a report by Central News Agency, citing Nikkei, Japanese automakers Honda Motor and Nissan Motor are reportedly discussing a potential merger. The Nikkei report highlights that the two companies aim to combine their resources to enhance their competitiveness against Tesla and Chinese EV...