Automundo China

As president-elect Donald Trump prepares to move into the White House, the relationship between his best buddy Elon Musk and the leadership of China's Communist Party is in sharp focus.

As the new year begins, attention turns to the global electric vehicle sales outlook for 2024. Tesla (TSLA) announced a global sales decline for the first time,

Tesla (TSLA) saw its stock rise by 8.22% to $410.44, marking its highest single-day gain since November. The company's market capitalization reached $1.32 trill

The two big automakers said 2024 sales were up by 4 percent thanks to big increases in the final quarter.

And will a merger with Honda make the difference?

The number of electric vehicles (EVs) produced by Chinese new-energy vehicle (NEV) maker BYD surpassed that of US automaker Tesla in 2024, while in terms of EV sales, BYD's gap with Tesla narrowed to within 30,000 units last year, according to freshly-released financial statements by the two companies. The new trend speaks volume for the growing competitiveness of Chinese NEV and its popularity in global markets, which is bolstered by technological advancement and across-the-supply-chain advantage, auto analysts said.

Three Chinese electric vehicle manufacturers have expressed interest in investing in South Africa following the introduction of lucrative tax incentives for EV production.

Global EV sales are projected to grow by 30% in 2025, with regional variations influenced by policy, infrastructure, and market demand.

Electric vehicle company BYD has announced record sales for the last year, boosted by rising Chinese demand, as well as government trade-in deals.