Automundo China

As of now, all provinces in China have implemented the car replacement subsidy policy and brought a new wave of growth momentum to the automative market, the CPCA said.

Euro NCAP Pans Adaptive Cruise Control System in BYD Atto 3

It’s thumbs down on the BYD Atto 3, at least from Europe’s car safety agency EuroNCAP when rating the full-electric vehicle driver assistance system. Meanwhile, Mercedes’ i5, along with other European models, receives top scores.

Shenzhen-listed shares of the carmaker were up 5.74% at close of trade on Monday, while its Hong Kong-listed stock was up 3.53%

Tesla (TSLA) reported that it delivered 68,280 China-produced electric vehicles in October, marking a 5.3% year-over-year decline and a significant 22.7% drop f

In October, Tesla delivered 68,280 electric vehicles in China, a year-on-year decrease of 5.3% and a month-on-month decrease of 22.7%. Domestic sales exceeded 40,000 units, a year-on-year increase of 41%. Tesla needs to sell at least 515,000 electric vehicles in the last three months of 2024 to achieve a slight increase in annual sales expectations. BYD's sales in the same month increased by 66.2% year-on-year, setting a new record. Tesla's third-quarter financial report showed earnings exceeding expectations, with the stock price rising nearly 22% at one point

Strong domestic demand and a booming hybrid market helped the automaker achieve a 66.5% year-over-year increase.

Tesla sold fewer China-made vehicles last month, ending a previous three-month streak of sequential gains.

The sales figures reflected the increasing popularity of hybrid electric vehicles and the slowing growth of fully battery electric vehicles (BEV) in the world’s largest auto market.

Hong Kong-listed EV titans BYD Co. Limited ($HK:1211) and its rival XPeng ($HK:9868) are celebrating their record sales in October. Last month’s sales were fueled b...