LI_Auto

BYD Challenges Australia’s Best-Selling Vehicles with the Launch of the Hybrid Shark Pickup

1 month ago

In a bold move to penetrate the Australian automotive market, BYD, the Chinese electric vehicle giant, is launching its new hybrid pickup, the Shark. This model aims to compete directly with Australia's top-selling vehicles and promises to shake up the market dominated by traditional manufacturers. The Shark represents a pivotal shift in BYD’s strategy, taking hybrid technology to forefront and positioning itself as a formidable contender in a market heavily focused on gasoline-powered vehicles.

LI Auto Falls Short of Revenue Target Amidst Intensifying EV Competition

2 months ago

In a recent financial announcement, Chinese electric vehicle manufacturer LI Auto reported revenues that did not meet analysts' expectations, a concerning development as competition in the electric vehicle (EV) market continues to intensify. The company, which is known for its innovative electric SUV designs, posted a revenue of 4.40 billion yuan (approximately $606 million) for the last quarter, a number that was slightly below the forecast of 4.66 billion yuan.

Brembo Divests Entire Stake in Italian Tiremaker Pirelli

8 months ago

News that Brembo SpA, an Italian maker of high-performance braking systems, has set a high bar with the sale of its entire stake in the well-established Italian tiremaker Pirelli & C. SpA sent ripples throughout the Italian automotive sector. This recent deal has thrown Brembo's investment strategy into a new light, consequently raising eyebrows among market players.