Automundo China

BYD's 20% price cut on its Seagull EV has triggered a sharp drop in share prices and intensified fears of an unsustainable EV price war, raising concerns over profit margins and global market stability.

[MILAN] The US government warned Italy’s Pirelli & C that vehicles containing its advanced sensors technology could be restricted from sale in America due to concerns over the influence of the tiremaker’s Chinese investor.

Brazilian labor prosecutors are suing Chinese electric vehicle maker BYD Co. and two contractors over allegations of slave labor and human trafficking at the construction site of a manufacuturing plant.

"In China, we see intense competition and Tesla is no longer seen as the technology leader."

Labour prosecutors allege that workers were brought to Brazil illegally and toiled in ‘slavery-like conditions’.

The world’s leading electric vehicle (EV) maker is rapidly expanding overseas. After taking control of vehicle sales in Germany last...

An intensifying auto industry price war in China has stoked fears of a long-anticipated shake-out in the world's largest car market.

Brazilian prosecutors said Tuesday they are suing Chinese electric vehicle giant BYD and two of its contractors over allegations of using workers in slave-like labor conditions and engaging in international human trafficking. The labor prosecutors' office in Bahia state said in a statement that they are seeking 257 million Brazilian reais ($50 million) in damages from BYD, China JinJiang Construction Brazil and Tecmonta Equipamentos Inteligentes. The lawsuit stems from an investigation that led to the rescue last year of 220 Chinese workers from the construction site of BYD’s new factory in the city of Camaçari.

China’s electric vehicle (EV) giant BYD Co. has ignited a fresh wave of competition in the world’s largest auto market by slashing prices by up to 34% on 22 electric and plug-in hybrid models.