Jinlongyu Group is investing CNY1.2 billion (USD160 million) in a solid-state battery production facility in Huizhou, Guangdong. The company has committed CNY150 million (USD20.6 million) to research since 2021, positioning itself for breakthroughs in energy storage technology. Solid-state batteries offer advantages like higher energy density and enhanced safety, despite high production costs. Jinlongyu’s strategic focus […]
BYD, the Chinese automotive titan, has surpassed Tesla as the leading global seller of battery electric vehicles (BEVs) for two consecutive quarters. BYD achieved 416,388 BEV deliveries in Q1 2025, overshadowing Tesla’s 336,681 units, continuing its momentum from late 2024. The rivalry highlights BYD’s rapid strategy execution, leveraging local dominance, strategic investments, and affordable options. […]