Automundo China

China Car Dealers: In response to escalating price wars and financial strain, Chinese auto dealers are urging manufacturers to set reasonable production targets and avoid dumping excessive inventory on dealerships, as many face closures due to poor cash flow.

Giles Parkinson, editor of The Driven, reports that BYD’s aggressive EV price cuts in China are reshaping global markets, potentially leading to modest, delayed price reductions in Australia,…

BYD’s electric car sales have been growing fast, but they haven’t been growing as fast as BYD’s electric commercial vehicle sales. Let’s start with the buses. BYD’s electric bus sales were up 79.5% in May, compared to May 2024. Sales rose from 239 to 429. Looking at the first five ... [continued]

BYD sales continue to grow. Though, there are some big differences depending on powertrain. In the month of May, BYD’s passenger car sales (all plugin vehicles) were up 14.1% year over year. Looking across the first 5 months of the year, its passenger vehicle sales were up 37%. Not meteoric, ... [continued]

As BYD slashes prices again, automakers, regulators, and suppliers react sharply, warning of unsustainable tactics and long-term market risks

On Monday, Cathie Wood-led Ark Invest sold shares of Tesla and Palantir, amidst competition and data misuse concerns. Ark also made significant trades in other companies, such as eToro and Illumina.

A clear move to electric vehicles is underway, but the US is creating more obstacles than Europe