Automundo China

SHANGHAI (Reuters) -China's commerce ministry will meet industry bodies and automakers including BYD and Dongfeng Motor to discuss increasing sales of "used cars" that were never driven, a person with direct knowledge of the matter said. The meeting is set for Tuesday afternoon, the person said, speaking on condition of anonymity as details of the meeting were confidential. It comes after Great

Nio Inc, which includes the Nio, Onvo, and Firefly brands, saw 6,530 insurance registrations in China last week, a 1.80 percent decrease from the previous week.

BYD Co. shares extended losses in Hong Kong trading Tuesday — taking their two-day slide to more than 10% — as last week’s sweeping price cuts stoked concern of another wave of discounting in China’s cutthroat electric car market.

Tesla's sales in Europe fell 49% in April from a year earlier, even as battery-electric sales rose by 27.8%, as the U.S. EV maker's upgrade of its Model Y shows little sign of improving the brand's tarnished image in the region. Overall car sales in the region remained roughly consistent with last year, falling just 0.3%, with the strongest sales growth coming from electric and plug-in hybrid cars, data by the European Automobile Manufacturers Association (ACEA) showed. WHY IT'S IMPORTANT Tesla's sales in Europe continue to drop, reflecting a shift away from the brand as Chinese competition strengthens and some protest against Elon Musk's political views.

World’s largest carmaker to deliver homegrown operating system with RAV4 sport utility vehicle in test of tech mettle

SHANGHAI (Reuters) -China's commerce ministry will meet industry bodies and automakers including BYD and Dongfeng Motor to discuss an emerging trend of sales of "used cars" that were never driven, a person with direct knowledge of the matter said. The meeting is set for Tuesday afternoon, the person said, speaking on condition of anonymity. It follows last week's comments by Great Wall Motor's

Recent reports from Chinese automakers highlight a growing shift in the global electric vehicle (EV) market, with industry giants BYD and Xiaomi emerging as formidable competitors to Tesla, particularly in Europe and China. As BYD's sales of pure electric vehicles (BEVs) surge, surpassing Tesla in Europe, Xiaomi is positioned as a potential disruptor, poised to dethrone Tesla's dominance in China's Model Y segment.

More Chinese EV makers are launching flagship models and setting up manufacturing plants in key African markets.

The global transition to green technologies has dramatically increased the demand for the lithium battery but the market is dominated by China.