Tag: EV Market
-
From Batteries to Behemoths: The Rise of BYD in the New Energy Vehicle Market
In the sprawling landscape of the global automotive industry, one company has risen from its humble beginnings as a battery manufacturer to become a titan in the burgeoning new energy vehicle (NEV) market. BYD, a name once synonymous with affordable mobile phone batteries, now stands as a symbol of China’s technological prowess and its ambition…
-
When Electric Car Companies Collapse, Cars Sold Become Scrap
Chinese electric vehicle (EV) company, Weltmeister, faces rumors of financial troubles and insolvency, causing a decline in the company’s reputation and a severe impact on its customer service. The company’s struggle has affected the resale value and functionality of their vehicles, while instilling consumer doubt and hesitation towards new entries into the rapidly growing EV…