China represents the largest market for Western car companies operating globally. Success in this market requires understanding and addressing its the unique challenges.
Xiaomi, which produces smartphones and consumer electronics, delivered 135,000 E.V.s last year after tapping China’s robust manufacturing supply chain.
Officially known as Lynk & Co Automotive Technology Co., Ltd., this division has just undergone a change of ownership. Formerly co-held by Volvo Cars and Geely Holding, in mid-February their shares were transferred to Ningbo Geely and Zhejiang Zeekr Intelligent Technology Co., Ltd.
BYD Company (BYDDY, BYDDF) is advancing 3.5% today after JPMorgan raised its price target on the China-based automaker’s shares by over 60%. JPMorgan’s Take on BYD The bank increased its price targets on BYD’s China-based and Hong Kong-based stocks by more than 60%,
China’s second-largest carmaker lists China International Capital Corp, Huatai Securities and GF Securities as joint IPO sponsors.
Strict data privacy laws in China and the US mean Tesla’s cars are dumber than the competition in the world’s biggest consumer market.
Huawei’s Ren Zhengfei, BYD’s Wang Chuanfu, and Xiaomi’s Lei Jun were among the leading tech executives who met with Xi Jinping on Monday.