Automundo China

China has been heavily subsidizing its green tech sectors. But BYD is a favorite child of the bunch, receiving subsidies to the tune of “at least” $3.7 billion, according to a new German study.

Tesla stock has retreated around 30% in 2024 as analysts focus on vehicle pricing, EV demand and potential profit struggles for Elon Musk and Co.

China Funneling Billions Into BYD To Crush Tesla And Other EV Makers

BYD Company Limited (OTCMKTS:BYDDY - Get Free Report) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 81,900 shares, an increase of 35.1% from the March 15th total of 60,600 shares. Based on an average daily trading volume, of 738,200 shares, the days-to-cover ratio is currently 0.1 days.

BYD, a global leader in new energy vehicles, has introduced the BYD DOLPHIN MINI in Chile, marking a significant stride in affordable electric mobility.

Sherrod Brown, whose seat in the heavily contested battleground state of Ohio is up for grabs in November, calls a ban "a matter of economic and national security.”

Auto - After a strong recovery in 2023, analysts expect the growth of new auto registrations to slow down to +1.9% as a result of lower consumer spending -

Significant volumes of new vehicle imports are reported to be clogging up terminals at European ports specialising in this type of traffic.

The European Commission's anti-subsidy investigation into Chinese electric vehicle makers is unfair, amounts to double standards and violates World Trade Organization rules, a Chinese industry body says.