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China’s BYD Is Getting Closer To Capturing The Top Spot For Electric Vehicles

January 2, 2024 / By Zunair Tahir / Automotive News

China’s BYD is getting closer to unseating Tesla, the electric vehicle maker owned by Elon Musk, as the largest seller globally.

In the last three months of 2023, the company reported on Monday that it had sold a record 526,000 battery-only vehicles.

A more than 70% increase in sales in December contributed to that.
Before Wall Street starts on Tuesday, US-based Tesla is expected to announce its most recent quarterly vehicle manufacturing and delivery statistics.

The Shenzen, China-based BYD reported that over 3 million “new energy vehicles” (NEVs), which comprise hybrid and battery-only cars, were sold by the company over the whole year.

According to the company, battery-only vehicles accounted for over 1.6 million of its total sales.

According to industry experts, Tesla sold 1.82 million electric vehicles in 2023 overall, including around 483,000 in the final three months of 2023.

Although Mr. Musk had stated in January of last year that Tesla could produce two million vehicles by 2023, he has since issued a warning that the demand for his company’s vehicles was being adversely affected by rising financing rates.

BYD Logo

Wang Chuanfu, the CEO of BYD, and his cousin co-founded the company in Shenzhen in 1995.

The firm gained recognition for producing rechargeable batteries that rivaled more expensive Japanese imports and were utilized in computers, cellphones, and other devices.

In 2002, it began selling shares on the public market and expanded by acquiring Qinchuan Automobile Company, a state-owned automobile manufacturer that was having financial difficulties.

Berkshire Hathaway, the seasoned US investor led by Warren Buffett, has been a stakeholder of BYD since 2008.

As to analysts, BYD’s original business, batteries, is responsible for its rise. Being some of the priciest components of an EV, BYD may save a significant amount of money by producing them internally.

Many of BYD’s rivals get their batteries from other producers.

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China’s First Ever Full Scale Test Of Reusable Rockets Boosts iSpace Hyperbola-3’s Objectives

November 3, 2023 / By Zunair Tahir / World News

‘Breakthrough’ for China’s commercial space sector, according to the pioneering business
iSpace claims that the successful test of its smaller Hyperbola-2 rocket indicates that it is on schedule to launch its larger rocket in 2025.

With the successful full-scale test of the first stage of its Hyperbola-2 rocket, Beijing-based startup iSpace has taken a significant step toward developing its own reusable launch vehicle. This is a first for the Chinese space industry.

In little under a minute, the “hop test” conducted on Thursday at the Jiuquan satellite launch center in the Gobi Desert in northern China confirmed that the company is on schedule to launch its larger Hyperbola-3 reusable rocket in 2025, according to iSpace.

iSpace claimed that the test “provided strong technical support for the development of the medium/large-scale reusable launch vehicle Hyperbola-3 we are currently working on” in a statement posted on its official WeChat account.

“The achievement was a significant milestone for China’s commercial space industry… It also issued a challenge to China’s space sector to bring its reusable rocket technology to par with the most sophisticated in the world.”

According to the statement, the first stage of the Hyperbola-2 reached 178.4 meters (585 feet) before performing a well-controlled descent and touchdown. The vertical take-off/vertical landing (VTVL) test achieved a landing accuracy of 1.7 meters (5ft 7in).

According to iSpace, the flight validated the company’s overarching plan for creating a first stage that is recoverable as well as associated technologies, such as the propulsion system, landing navigation and guidance, buffering, and supporting infrastructure.

With an eye toward a maiden flight in two years, the firm said earlier this year that it was abandoning its plans for the Hyperbola-2 in favor of the larger and more potent Hyperbola-3, which is 69 meters (226 feet) in length.

The reintroduced Hyperbola-2 is a two-stage, smaller rocket that runs on liquid oxygen and methane. Its overall length is 28 meters (92 feet), and it can carry 1.9 tons of cargo into low Earth orbit.

The design of the most potent Hyperbola-3 model, one of three models in the family, is reminiscent of the Falcon Heavy spacecraft built by US corporation SpaceX.

According to iSpace, the Hyperbola-3B, which consists of a center core and two side boosters, can launch 8.5 tonnes into low Earth orbit while in reusable mode.

Among the many Chinese businesses developing reusable rockets is the company that made history in 2019 with Hyperbola-1, China’s first privately produced rocket to reach space.

Rivals Galactic Energy and CAS Space have validated the technologies and algorithms for guidance, control, and navigation in their rockets’ vertical recovery phase through the use of scaled-down test items.

The only US business to date that has created a rocket that can land softly vertically and be reused several times is SpaceX. Among the missions completed by the Falcon 9 were the orbiting of Starlink satellites and the transportation of supplies and crew to the International Space Station.

The workhorse Long March rockets are still competitive, according to China’s space authorities, but new technologies, such as reusable rockets, are being developed to cut costs in the future.

Complex, intelligent rocket engines created by Chinese scientists have aided in the landing of a rover on Mars and the retrieval of samples from the moon; nevertheless, testing of these technologies on reusable spacecraft has thus far only included smaller prototypes.

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China’s BYD Is Getting Closer To Capturing The Top Spot For Electric Vehicles

China’s BYD Is Getting Closer To Capturing The Top Spot For Electric Vehicles

READ MORE NEWS…

China’s First Ever Full Scale Test Of Reusable Rockets Boosts iSpace Hyperbola-3’s Objectives

China’s First Ever Full Scale Test Of Reusable Rockets Boosts iSpace Hyperbola-3’s Objectives

READ MORE NEWS…

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