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Amidst a growing surge of COVID-19 cases, China is preparing to reopen its ports of entry to foreign travelers - including seafarers - without any qua. ....
Chinese electric-vehicle maker BYD Co. delivered solid first half 2022 results, with net profit surging 206.35% and revenue rising 65.71% year-over-year.BYD booked a total revenue of 150.6 billion yuan (US$21.8 billion), up 66% from a year earlier driven by record monthly sales, while net income came in at 3.6 billion yuan ($521 million), up 206.35 percent year-over-year.It is worth noting that the total new energy car sales of BYD in first seven months of this year is more than in 2020 and 2021 combined. The record sales was driven by China’s green transition, BYD took lion shares of China’s NEV market with 24.7% in the first half.BYD has managed supply-chain disruptions better than many domestic rivals, including Nio Inc., XPeng Inc, and Li Auto Inc. thanks to all-round capabilities that makes car components such as batteries and semiconductors.Revenue from automobiles and related products rose 130% to about 109 billion yuan in the first half, while handset components, assembly s ....
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Several reports from on the Chinese press agree that BYD's Blade batteries are already in the Berlin Gigafactory and that the Model Y will be the first to implement them at the end of this month, or beginning of September. ....