China seems poised to the end the year on a high too, with the final two months of the year seen as seasonally high for vehicle sales

The electric vehicle giant continues to preserve its domestic market leadership despite softer demand and increased competition

The Chinese electric vehicle maker said its new NEV brand symbolizes “the pursuit of the transformative rise and the exploration of digital realms”

Sales of NEVs, which include battery electric vehicles, plug-in hybrid vehicles, and fuel cell vehicles, hit 786,000 units

Japan is one of the most competitive car markets in the world and is still seen as a stronghold for fossil fuel-powered vehicles

The combined market value of BYD's stock listed in Hong Kong and Shenzhen is $87.50 billion

BYD pushed ahead of the likes of MG and Hyundai, but Elon Musk's Tesla remained far out in front

The HiPhi Z is the Shanghai company's second production car, which claims a range of 705km and acceleration from 0-100 km/h in 3.8 seconds

The move is part of BYD's international push, which has seen it open showrooms in New Zealand and Singapore as well as Norway, Brazil, Costa Rica and Colombia

Officials said funding was completed on Wednesday for the second phase of the advanced manufacturing fund, which invests in Chinese innovation sectors

The Warren Buffett-backed auto firm’s rise underscores China’s growing prowess in electric vehicle manufacturing and renewable energy, the FT said....

The ministry also unveiled measures to encourage trade-ins of older vehicles and support the second-hand market