TECH - Warren Buffett-Backed BYD Xiaomi And Other Local Chinese Automakers Shine At Beijing's Largest Auto Show: Report | Benzinga
The Beijing auto show is reportedly serving as the platform for the biggest automakers around the globe to showcase their EVs.
What Happened: The Beijing International Automotive Exhibition, which commenced on Thursday, has brought to the fore the growing influence of EVs in China, Reuters reported. The event is set to run through early May.
The show has seen a surge in the number of new energy vehicles (NEVs) on display, with automakers unveiling a total of 278 NEVs, seven more than last year’s event in Shanghai, the report noted.
Chinese EV manufacturers, including BYD (OTC:BYDDF) (OTC:BYDDY) and newcomer Xiaomi, are reportedly the center of attention at the show. Xiaomi CEO Lei Jun announced that the company had received over 75,000 orders for its SU7 sedan, with buyers including owners ...