Automundo China

On Monday, BYD Company Limited (OTC: BYDDY) signed a deal to open a $1 billion electric-vehicle factory in Turkey, directly threatening the dominance of Tesla Inc (NASDAQ: TSLA) in several European markets. BYD Is Boosting Its Presence In Europe Although BYD has already been selling its EVs in Europe since 2021, most of its sales are still in China, but the Tesla killer is aggressively expanding its footrpint outside its home market. This will be its second facility in Europe, with the first cur

One expert said Tesla's original 50 per cent annual growth target 'is in tatters'

A popular Chinese brand could soon overtake Tesla to claim the coveted battery electric vehicle crown as Elon Musk's brand struggles with waning sales. New research from Bloomberg Intelligence's Global BEV Report 2024 suggested that Tesla's longer-term success is dependent on the unveiling of a cheap, high-volume vehicle - rumoured to be the Model ...

Chinese EV maker Zeekr has teased its all-electric SUV, poised to rival the Tesla Model Y, on Chinese social media. Shared on Weibo by Zeekr’s VP, Lin Jinwe

The European Commission has imposed temporary additional tariffs on imported electric cars from China and will soon decide on the final ones. However, the Chinese are not giving up and are finding new ways to circumvent the additional charges. A new BYD factory in Türkiye serves this purpose. Europe is trying to protect itself from the flood of Chi...

The company says it will begin work on a $1 billion factory in the country in 2026

Chinese automaker BYD announced it is building a $1 billion car factory in Turkey.

Tesla China witnessed a noteworthy uptick in sales in June 2024, reaching 59,261 vehicles sold within the country. This marks a 7.33% increase from May, reflecting a positive trend for the electric vehicle (EV) maker. […]

Chinese BYD, one of the world's largest electric vehicle producers, signed an agreement with Turkey's Ministry of Industry and Technology