Automundo China

Warren Buffett's hedge fund Berkshire-Hathaway continues to reduce its position in BYD stock, renewing concerns about Buffett's outlook on the EV industry

China may target the European Union's pork producers in retaliation for EU tariffs on its electric cars. The world's second largest economy revealed on Monday that it had launched an investigation into imports of pork for human consumption from the bloc. The Commerce ministry inquiry was in response to a complaint by Chinese pork producers earlier this month.

Last week, reports emerged stating that Europe is pondering additional tariffs for China-made electric vehicles.

Warren Buffett's Berkshire Hathaway (BRK-B, BRK-A) is cutting its stake in Chinese EV maker BYD Company (1211.HK, BYDDY) after selling nearly $40 million worth of BYD stock. Catalysts Anchors Madison Mills and Seana Smith report on Berkshire Hathaway's BYD holdings and the international competition between Chinese manufacturers and other overseas auto makers, like Tesla (TSLA). For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.

Europe, for all of its bluster, hasn’t taken a completely hard line against the import of Chinese electric cars and hybrids. The resistance in the United Kingdom has been even weaker. Now that the tariff issue has been temporarily resolved, China’s leading EV automaker has a gambit to pierce the heart of even the toughest […]

Tesla has reportedly been given approval to test its advanced driver assistance systems on select streets in Shanghai as the company moves closer to enabling its Full Self-Driving suite in a highly-competitive auto market.

Chinese New Energy Vehicle (NEV) manufacturer is already reaping the rewards of its UEFA Euro 2024 competition sponsorship, according to insights provided

Asian equities were lower overnight as Japan significantly underperformed and closed lower by almost -2%, though volumes in the region were light due to market holidays.

The global electric vehicle (EV) new-car market enjoyed strong growth in April, as multiple BYD models performed well.