automotive industry

The automotive industry has been closely watching Geely’s latest strategic move in China’s competitive new energy vehicle market. This integration of ZEEKR and Lynk & Co represents a significant shift in Geely’s multi-brand strategy, driven by several key factors:

The recent announcement of Trump’s transition team to eliminate the $7,500 electric vehicle tax credit has sent shockwaves through the automotive industry. This tax credit, originally established under the Inflation Reduction Act, has been a significant catalyst for EV adoption in the United States market.

In a striking demonstration of technological ambition, BYD (Build Your Dreams) has allocated 33.32 billion yuan to research and development in the first three quarters of 2024, surpassing its net profit by 8.

The luxury automotive landscape in China is experiencing a seismic shift. Traditional premium brands like BMW, Mercedes-Benz, and Audi (BBA) are witnessing significant sales declines, forcing unprecedented price cuts of hundreds of thousands of yuan.

In recent years, BYD has taken the Chinese auto market by storm with its innovative DM-i hybrid technology. This groundbreaking system allows vehicles to achieve an astounding driving range of over 2,000 km on a single tank of fuel, a feat that was previously unimaginable.