Automundo China

The Chinese government is signaling enough is enough when it comes to the fierce competition in the country’s electric car market.

According to TipRanks, the EV company saw a surge of sales in China from June 9 through June 15, with a 79.4% surge in insurance registrations across the country.

With well-priced vehicles, the Chinese brand is one of the fastest-growing electric car manufacturers in the country. Some buyers have immediate regrets.

BYD cancels plans to build an electric vehiucle manufacturing plant in Mexico, following months of uncertainty.

BYD’s plugin vehicle sales continue to increase. Like the overall EV market globally, and leading the overall EV market globally, BYD sales have been growing and growing and growing. After years of trailing Tesla but being by far the closest to the company in fully electric vehicle sales, BYD passed ... [continued]

The factory launch comes at a complicated time for the company, soaring sales overshadowed by a lawsuit over alleged labour violations at the Camaçari site.

BYD entered the Top Five last month, beating Kia and Mitsubishi.

IN A NUTSHELL 🔋 Tesla is nearing the completion of its first LFP battery production facility in Nevada, aiming to reduce reliance on Asian suppliers. 🚗 The facility will focus exclusively on producing LFP batteries, known for their durability and cost-effectiveness, especially for entry-level models. 🌍 This strategic move could significantly impact the global EV