Automundo China

BYD allocates $5 billion to forex derivatives trading, safeguarding against yuan volatility amidst global expansion and geopolitical tensions.

The world’s largest EV maker is aiming to protect its growing global operations from yuan volatility amid rising trade tensions.

Tesla has joined BMW and Chinese producers in filing a challenge at the Court of Justice of the European Union (CJEU) against EU tariffs on China-made electric vehicles, according to a filing on the court's website on Monday. The challenge will open a new front in Brussels' conflict with Elon Musk, Tesla CEO and ally of U.S. President Donald Trump. Earlier this month, the EU stepped up its probe into Musk's social media platform X over content moderation.

Tesla has started to test its full self driving (FSD) software in China as it looks to expand its advanced software to both Europe and the Asian regions.

Decision marks latest confrontation between Elon Musk and Brussels

On January 25th, the Denza D9 by BYD was officially launched in Indonesia, with a starting price of 950 million Indonesian Rupiah for the battery electric model.

Record Surge in Electric Vehicle Sales! What's Fueling This Growth? - La Noticia Digital

BYD, the world's largest electric vehicle (EV) maker, has earmarked US$5 billion for foreign exchange derivatives trading to reduce risks to its fast-growing global operations from the yuan's volatility amid rising geopolitical tensions. "To offset the adverse impact from wild fluctuation in exchange rates and save financial expenses, the company has decided to carry out foreign exchange hedging through derivatives trading," BYD said in a filing to the Hong Kong stock exchange on the weekend. "T

The Brussels Motor Show 2025 highlighted the evolving dynamics of the European automotive market, as Chinese automakers take strides toward establishing themsel ...