Automundo China

Tesla's sales in the Chinese market fell by 6% year-on-year in April, selling 58,459 units of Model 3 and Model Y, a decrease of 25.8% month-on-month. This marks the seventh consecutive month of declining sales for Tesla, with its market share being strongly impacted by local competitors. In contrast, BYD's sales grew by 19.4% year-on-year, and Nio and XPeng also performed well. Tesla is also facing challenges in the European market, with sales in the UK and Germany dropping by 62% and 46%, respectively

China already dominates the global EV market. But Toyota hazards that China has its sights set on more than battery electric vehicles.

These developments are hugely significant.

Tesla’s ($TSLA) sales have veered off course in yet another country with demand for its cars in China reversing by 6% last month. Tesla’s Troubles According to figu...

Tesla's China-made vehicle sales see a 6% year-on-year decline in April. European markets show significant sales drops, with the UK and Germany leading.

Shares in Nio are down sharply from their all-time highs. Let's explore the pros and cons of investing in Chinese electric vehicle (EV) maker Nio (NYSE: NIO) -- currently trading at around $4 per share -- as it struggles to differentiate itself in the increasingly competitive automotive industry. Like many penny stocks, Nio is a falling star.

That's down 5.96 percent from 62,167 vehicles sold in the same month last year and down 25.84 percent from 78,828 units in March.

BYD Co ( ($HK:1211) ) has shared an update. BYD Company Limited has announced its upcoming Annual General Meeting (AGM) scheduled for June 6, 2025, where shareholde...

BYD Co ( ($HK:1211) ) has provided an update. BYD Company Limited has announced the closure of its register of members in preparation for its Annual General Meeting...