Automundo China

India will restrict market access to BYD, signaling continued caution towards Chinese investments despite warming relations. Commerce Minister Piyush Goyal cited strategic interests as the reason for rejecting BYD's proposal. This decision contrasts with India's pursuit of investments from Tesla, highlighting a protectionist stance amid pressure to open its auto market.

Chinese electric vehicle giant BYD said on Tuesday it expects net profit in the first quarter to grow 86.0%-118.9% year-on-year.

Industry vital for energy transition is ripe for consolidation as fierce competition unsettles market

Indian government rejected a $1 billion investment proposal from BYD, while have been amending the rules to make space for investment for automakers like Tesla.

CATL and BYD's combined EV battery installed capacity in January-February was 71.5 GWh, accounting for 55.1 percent of the global total.

India will restrict market access to BYD Co. even as it courts investments from US rival Tesla Inc., showing New Delhi's lingering angst with China despite recent signs of a thaw in relationship.

Elon Musk has directly appealed to US President Donald Trump to roll back sweeping tariffs on Chinese imports, according to The Washington Post. As Trump threatens new 50% duties, Musk warned against rising costs for consumers and businesses. He criticised the policy's architects and called for a US–EU free trade zone. The Tesla CEOs stance has intensified tensions within Trumps orbit, even as Tesla faces slumping demand and a tumbling stock price amid growing political fallout.

Explore why Tesla, Inc.'s brand image is faltering and its struggles with valuation, declining sales, and competition. Click for more on TSLA stock prospects.