Automundo China

Nike (NKE) plans to sell its merchandise directly on Amazon (AMZN) as the sports apparel giant anticipates price hikes of $2 to $10 amid tariff pressures. Chinese electric vehicle developer BYD (BYDDY, 1211.HK) outsells Tesla (TSLA) for the first time in Europe, according to JATO Dynamics data. Snowflake (SNOW) shares rise in Thursday's pre-market trading after beating first quarter earnings expectations and raising its full-year guidance. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

Tesla Loses Europe EV Crown to BYD Amid Sharp Drop

‘Watershed’ moment in Europe’s automotive sector as Musk relinquishes EV crown

BYD sells more EVs than Tesla in Europe for the first time

BYD rewrites electric vehicle market rules. On May 17, the Chinese EV maker launched the mid-size sedan e7 priced below 15,000 USD, surprising the industry. The e7 offers a range up to 520 km (323 miles) per charge. Industry experts praise BYD’s strategy of boosting price competitiveness by cutting premium features. The new e7 joins BYD’s e series ...

BYD registered 7,231 BEVs in Europe in April, ahead of Tesla's 7,165.

BYD will supply more than half of the total battery storage capacity at developer Grenergy’s 11GWh Oasis de Atacama project in Chile.

BYD registered more pure electric cars than Tesla in Europe for the first time in April, marking a significant shift in the continent’s EV market as Chinese automakers adapt to European Union tariff