BYD Surges in Popularity, Overtaking Toyota to Become Singapore's Top Car Brand
3 months ago
In a remarkable shift within Singapore's automotive market, BYD, the Chinese electric vehicle manufacturer, has outstripped the longstanding dominance of Toyota to emerge as the most popular car brand in the city-state. This milestone was achieved in 2023, illustrating the growing shift towards electric vehicles (EVs) as eco-conscious consumers increasingly seek alternatives to traditional combustion engines.
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Chinese Carmakers Face Profit Squeeze Amid Heightened Rivalry
4 months ago
In a rapidly evolving automotive market, Chinese car manufacturers are encountering significant pressure on their profit margins as competition intensifies. As more aggressive rivals enter the fray, industry leaders are scrambling to maintain their foothold while also investing heavily in innovation and electric vehicle technology.
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