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How did BYD rise to prominence?
From the earliest days of the company's business establishment, to the difficult financing of the start-up, and then to the cost advantage, BYD's business has grown by leaps and bounds. The first seven years of BYD's existence were a period of rapid and unstoppable growth.
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XPeng plant's registered capital increases by 200% to 1.5 billion Yuan
The Zhaoqing factory of Chinese electric car company XPeng Motors (NYSE: XPEV) has recently changed its registered capital from RMB 500 million to RMB 1.5 billion, a 200% increase, Qichacha data showed.
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US allows vendors to sell chips to Huawei's non-5G businesses, FT says
The US is allowing a growing number of companies to sell chips to Huawei's non-5G business, the Financial Times reported Thursday.
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BofA: Rising blade battery adoption to drive BYD growth
In a report on October 29, BofA analyst Ming Hsun Lee and Jessie Lo said rising blade battery adoption and better mix of electronic business will drive growth of Chinese carmaker BYD.
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Huawei exec says HarmonyOS 2.0 developer beta for mobile coming in Dec as planned
According to Wang Chenglu, president of Huawei's consumer business software division, HarmonyOS 2.0 is currently making good progress and development is ready to go, with the release expected to take place in December as scheduled.
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Samsung's smartphone market share in India overtakes Xiaomi to regain top spot
Samsung Electronics' share of India's smartphone market reached 24 percent in the third quarter, ahead of Xiaomi's 23 percent, winning the first place again after two years, according to data released Thursday by market research firm Counterpoint Research.
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China may soon announce New Energy Vehicle Industry Development Plan for next decade
China's New Energy Vehicle Industry Development Plan (2021-2035) is likely to be released next week, Wu Wei, director of the Machinery and Equipment Division of the National Development and Reform Commission's Industrial Development Department, said today.
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NIO exceeds 5,000 vehicles off the assembly line for first time in a single month
On October 29, Chinese EV maker NIO (NYSE: NIO) saw its 5,000th vehicle of the month rolled off the production line at the Hefei Advanced Manufacturing Base, the company said today.
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Morgan Stanley says 'NIO is a strong EV leader in the making', raises price target by 61%
Following JP Morgan's bullish report two weeks ago, another Wall Street firm Morgan Stanley also joined the ranks of updating their views on Chinese EV maker NIO (NYSE: NIO).
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What is the profitability bottleneck for NIO, XPeng?
On October 22, Tesla announced its third-quarter financial results, with revenue and net profit up sharply year-over-year, and has been profitable for five consecutive quarters.