China EVs: BYD plans US$14 billion investment to develop smart cars, seen as the next battlefield
BYD, the world’s largest electric vehicle (EV) maker, will invest 100 billion yuan (US$14 billion) in smart cars, as the company expects intelligent new energy vehicles to be the next battlefield for the industry, founder and CEO Wang Chuanfu said. He was speaking at the company’s Dream Day event in Shenzhen on Tuesday to launch