Automundo China

LONDON/FRANKFURT/BERLIN (Reuters) -Chinese and European carmakers are set to face off at next week's Munich car show, reflecting intensifying competition on the continent that has pitted incumbents such as Volkswagen against EV giant BYD and newcomers GAC and Changan. This year's IAA Mobility, the continent's biggest biennial car show, comes as European automakers lose ground in China - the world's biggest market - in what some executives have described as a "Darwinian" price war. At the same time, to escape pressure at home Chinese automakers are expanding into Europe in search of profits, above all electric vehicle maker BYD, whose global sales soared to 4.2 million cars in 2024, up ten-fold from 2019.

Elon Musk doubled down on his robotics vision, predicting that Optimus will eventually represent approximately 80% of Tesla's total value.

Porsche, Audi, Volkswagen, Hyundai, Hyundai Mobis, BYD, Bosch, MOIA, XYTE Mobility

There are essentially two different ways a company can account for Research and Development (R&D) spending: as an operating expense that reduces reported net earnings or as a capital expenditure, counted as investing money from net earnings and other sources. One shows up on the income statement, the other shows up on the balance sheet. It might seem like a minor difference, but it can significantly impact financial reporting and how a company approaches R&D.

Tesla stock sees a boost following strong sales in China and Turkey. Despite softer results in India and Europe, the company’s growth in international markets signals strong potential.

China has just developed a brand new piece of technology which is set to revolutionize electric vehicles in ways that we never thought were possible