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At least eight Chinese automakers pledge to pay suppliers within 60 days

At least eight Chinese automakers pledge to pay suppliers within 60 days

Reutersa day ago

SHANGHAI, June 11 (Reuters) - At least eight Chinese automakers, including industry leaders BYD , Chery (CHERY.UL) and Geely (0175.HK), opens new tab, have published statements since late Wednesday saying they would pay their suppliers within 60 days.
The regulation, effective June 1, requires big companies settle payments with suppliers within 60 days after they deliver commodities, engineering and services.

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India's May retail inflation slows to 2.82% y/y
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India's May retail inflation slows to 2.82% y/y

NEW DELHI, June 12 (Reuters) - India's annual retail inflation (INCPIY=ECI), opens new tab slowed to 2.82% in May from 3.16% in May on the back of a slower rise in food prices, government data showed on Thursday. The inflation print was below economists' estimate of 3% in a Reuters poll. Inflation in food prices - which accounts for nearly half of the consumption basket - eased to 0.99% in May from 1.78% in the previous month. Vegetable prices fell 13.7% year-on-year, compared to a 11% fall in April. Prices of cereals rose 4.77% against a 5.35% increase in April, while those of pulses declined 8.22% compared to a 5.23% fall last month.

BYD's new EV chargers are as fast as petrol pumps – here's when they're coming to the UK
BYD's new EV chargers are as fast as petrol pumps – here's when they're coming to the UK

The Independent

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  • The Independent

BYD's new EV chargers are as fast as petrol pumps – here's when they're coming to the UK

BYD isn't content with its EVs outselling Tesla, now it wants to take on the American electric car giant with its own BYD network of megawatt super-fast chargers. Tesla's Supercharger network is one of the biggest reasons to buy a Tesla, thanks to exclusive use of the charging points for Tesla owners at some locations and the ease with which they work with Tesla models. There are currently over 60,000 Tesla Superchargers globally, with the latest units able to add up to 200 miles of range in just 15 minutes at speeds up to 250kW. BYD announced earlier this year that it has developed its own super-fast charger that can charge EVs at up to 1MW (1,000kW), adding 1.2 miles of charge every second and up to 249 miles-worth of charge in just five minutes, equalling the speed at which petrol cars are able to fill up. Speaking exclusively to The Independent, BYD Special Advisor Alfredo Altavilla revealed that the first of these so-called Flash Chargers will be coming to the UK next year, confirming that BYD was aiming to rival Tesla's Supercharger network. When asked when we will see the first Flash Charger in the UK, Altavilla said: 'In 2026. You will get a few stations in every country in Europe. They will be branded BYD, but they will be open to everybody.' Although Flash Chargers will be open to owners of any electric car, the fastest charging speeds will be unique to cars with the technology to accept megawatt charging. BYD's new Super e-Platform features a 1,000V high-voltage architecture with a Flash Charging Battery. It will be available first in BYD's Han L and Tang L models that can now be ordered in China. In Europe and the UK the new Flash Charging Battery could debut in a new model from Denza, BYD's Porsche -rivalling upmarket brand. Altavilla told us that Denza models would debut BYD's latest tech across Europe, along with sports cars and SUVs from BYD's luxury brand Yangwang. 'The idea is for Danza and Yangwang to be the so-called technology manifesto of the BYD group,' said Altavilla. 'Those are the two brands where all new technologies will be firstly introduced. So, the flash charging for example.' Altavilla confirmed that the first Danza model, the Z9 GT saloon, will go on sale in the UK 'at the beginning of 2026.' The Z9 GT would be followed by an MPV, the D9, and then a number of SUVs. Following the announcement of its Flash Chargers, BYD has been contacted by companies wanting to work on the technology with them and to help them build a network of super-fast chargers. 'The minute we made this public, we, and specifically I, started getting dozens of calls from all the companies in the space that want to become our partner in doing this together,' said Altavilla. 'To the extent that if we find the right partner, we'll do it with them. Otherwise, we'll do it on our own.' Altavilla was speaking at the launch of the new BYD Dolphin Surf in London, the brand's sixth new model to go on sale in a little over two years and also it's cheapest, starting at just £18,650.

BYD Dolphin Surf review: Is this what a budget Tesla should be like?
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BYD Dolphin Surf review: Is this what a budget Tesla should be like?

BYD has only been selling cars for two and a half years in the UK, yet the Dolphin Surf is its sixth new model. After the BYD Seal U DM-i, it's the best car the brand makes. It's a true supermini in size – a little smaller than a Ford Fiesta – but thanks to the EV packaging it has much more passenger space inside. The tech list is impressive, too. You get much of the same kit that bigger BYDs get, including the brand's signature rotating screen, so you can choose either a landscape or portrait layout, although it defaults to landscape when Apple CarPlay or Android Auto are at work. You can decide if it looks cute or not – we think it looks better in the metal than in these pictures – but where it can be tricky to get small cars with short wheelbases to ride nicely, the Dolphin Surf rode over the broken surfaces and speed humps of our test route really well. We were impressed by the ride quality and the refinement, too, while performance is good enough for the car to feel nippy enough. Even the standard stereo sounded okay. Most buyers will ignore the entry level Active car with its 137 miles range. For an extra ten pounds per month on a PCP you can get the Boost model with a 200 mile range and a few more bits of kit. Unless you really want to knock a few seconds off the 0-62mph time and insist on powered seats, we'd not bother with the Comfort trim. The biggest problem the Dolphin Surf has, though, is the quality of the competition, with the likes of the Renault 5, Fiat Grande Panda and Citroen e-C3 all costing similar money to the bigger battery Dolphin Surfs. However, a six year warranty does give you more peace-of-mind with the BYD. How we tested We joined BYD's mega-launch of the Dolphin Surf in North London, taking it on streets that we knew well – over plenty of speed humps – stopping in the supermarket car park, trying the car in the front and the back, filling the boot and giving all the tech a thorough testing. BYD Dolphin Surf: From £18,650, Independent rating: 8/10 Pros: Bags of space, loads of kit, comfortable drive, competitive finance offers Cons: Only seats four, air-con not climate control, no rear wiper BYD Dolphin Surf specs Price range: £18,650 to £23,950 Battery size: 30kWh / 43.2kWh Maximum claimed range: 200 miles Miles per kWh: tbc Maximum charging rate: 85kW Battery, range, charging, performance and drive Unless you're paying cash and are on a strict budget, we'd swerve the entry-level Active model with its 30kWh battery and 130 mile range. Not that it's short on kit – every model gets a generous roster of tech and luxury gadgets – it's just that the Boost model will only cost you ten pounds per month more over four years on BYD's PCP finance. Both the Boost and top-spec Comfort trim get a 43.2kWh battery, but with motors with different outputs. The Boost is oriented towards range – it'll claim a maximum of 200 miles – while the Comfort adds a little more performance with 0-62mph in 9.1 seconds, a whole three seconds quicker than the Boost model. The Comfort still manages to claim a decent 193 mile range, though. Maximum charging speeds for such a small, affordable car are pretty good, with 85kW for the bigger battery (with a 10 to 80 per cent charge taking 30 minutes) and 65kW for the smaller battery with the same 10 to 80 per cent time. What we liked most about the Dolphin Surf was its mature driving manners. The ride is impressive, even over the broken streets and speed humps around our North London test route, while the steering felt nicely weighted, too. It's an easy car to drive, too, with good visibility and easy controls, although the brakes on our test car felt a little bit spongy – we'd have rather had a bit more of an instant reaction from a push of the brake pedal. While the acceleration is hardly brisk, but just about nippy enough around town, what's more important is the impressively small turning circle, which is handy for parking and manoeuvring around town. Interior, practicality and boot space The Dolphin Surf has a surprising amount of space inside. You can fit a six-foot tall passenger behind a six-foot tall driver, which is exactly what we did. The Surf is only a four-seater, though. There are only two seat belts in the back, although three abreast might be a bit tight. The flat floor makes the back seats feel more spacious, though. Up front, access is easy and the vegan leather (we guess that means plastic) seats are comfortable, and while there are plenty of hard plastics on the dash, there's some soft touch materials across the middle and on the doors. Everything looks good, too – the Dolphin Surf is part of BYD's Ocean Series so the interior lines are wave-like. The door bins are a decent size, there are two cup holders in the centre console, which also has storage underneath. The drive selector is on the dash rather than in between the front seats, while there's no separate parking brake – it gets applied automatically when you select park. Like all the other doors, the rear hatch opens wide for easy access with total space above and below the false floor totalling 308 litres – not far from what was on offer in a Ford Fiesta. The rear seats split and fold easily, too. Technology, stereo and infotainment BYD's 10in infotainment screen is one of the Dolphin Surf's many highlights. Apart from the clever rotating party trick (which won't work if you're using the wireless Apple CarPlay or Android Auto), the usability is impressive. Not only do you have 'hey BYD' voice control – which you can personalise with different 'wake' words – you can control the heating and ventilation with three fingers dragged up and down to alter temperature or left and right to alter fan speed. The only problem is that it's air-con rather than climate control – the latter would allow you to set a desired temperature, and the system would automatically adjust to suit. Instead, we found ourselves constantly fiddling temperatures and fan speed to get the right levels. You can personalise the row of fast keys across the bottom of the screen – you'll need to do that to get easy access to the rear demister, which you'll need to rely on as, bizarrely, there's no rear wiper. The digital driver display is a bit odd too, with the speedo shoved over to the side and a scrolling display in the middle showing efficiency, average speed and time driven. We'd much rather have a large speedo in the centre. Whatever model you choose, you'll get some impressive kit that includes adaptive cruise control, rain-sensing wipers, auto headlights, the ability to use your phone as your car key and wireless phone charging, too. While the stereo is limited by the number of speakers, it actually sounds okay. Prices and running costs With the vast majority of buyers opting for finance, list prices aren't as important as they were. Even so, BYD has gone for a headline-grabbing £18,650, although that's for the 130 mile range Active model few people will buy. That's because it's only ten pounds a month cheaper than the £21,950 Boost model, which will cost £279 a month after a £279 deposit on a four-year 3.9 per cent APR PCP deal. The Comfort model costs £23,950 which puts it up against more talented and even bigger rivals, while that model will cost £309 a month with £309 down on the same terms. We registered a reasonable 4.5 miles/kWh efficiency on our test route in a Comfort-spec car, meaning that model's 193 mile range should not only be achievable, but beatable if you use the car mainly around town. BYD Dolphin Surf rivals: FAQs How long does it take to charge? This small, affordable car offers impressive charging speeds: 85kW for the larger battery and 65kW for the smaller battery, both reaching 10 to 80 percent in 30 minutes. How much does it cost - is it worth it? On a monthly PCP for £279 a month with £279 down, the mid-spec Boost model looks to be a good deal. But there are similarly talented small EV superminis that also have good finance deals on them. What's the battery and main warranty like? The main warranty of six years is impressive, while the eight-year battery cover is par for the course. Why trust us Our team of motoring experts have decades of experience driving, reviewing and reporting on the latest EV cars, and our verdicts are reached with every kind of driver in mind. We thoroughly test drive every car we recommend, so you can be sure our verdicts are honest, unbiased and authentic. The verdict: BYD Dolphin Surf The BYD Dolphin Surf is a talented little car with a grown-up feel. We like the drive, the tech and the space. Judge it by the monthly payments rather than the list price and £279 down with £279 a month over four years looks hugely competitive. But it has entered a market brim-full of talent and charm, which will make life tough for the little BYD.

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