Automundo China

EV maker's strong earnings clash with a revenue miss, testing BYD's global ambitions under tariff scrutiny

By focusing on design and performance, the American manufacturer was a pioneer in getting Chinese motorists to adopt electric cars. Although 40% of its sales are now in China, Tesla has become a minor player, constantly forced to adapt.

Chinese companies such as BYD made their name producing some of the world's best electric vehicles ahead of the curve but they have turned to an old-school solution to extend the range of some of their newest models -- the petrol generator. The secret is a small petrol generator, known as a range extender, which is connected to the cars' batteries and feeds them only when needed.

STORY: BYD's first-quarter profit leapt more than 100% from a year earlier.It was the fastest pace in nearly two years for the Chinese electric vehicle giant.And it extends BYD's lead in its competitive home market after the carmaker launched an EV price war.A stock filing showed Friday (April 25) net profit reached $1.26 billion - roughly in line with projections.Revenue came in at $23.3 billion during the quarter, up over 36% year-on-year.China's biggest EV maker has made waves in the market over the past few months as it tries to extend its lead in its home market.It offered its "God's Eye" driver-assistance system as a standard feature at no extra cost across its lineup.And it unveiled a new super-charging EV technology platform.It led rivals like Geely and Toyota to follow suit with affordable EVs containing smart features.Outside of its home market, the automaker has targeted exports of 800,000 vehicles this year.

XPENG’s humanoid robot, Iron, impresses at Auto Shanghai 2025 with human-like abilities, powered by XPENG's Turing AI chip and advanced tech.

Shares in troubled EV maker Tesla ($TSLA) revved up higher today after it received a rare bit of good news on the future of self-driving cars in the U.S. Easier...

Roewe is typically positioned as an entry-level brand within the SAIC portfolio, but its latest concept boasts luxury-level looks

The Shanghai auto show was jam-packed with reveals, from suave station wagons to burly off-roaders and classy luxury SUVs.

China’s leading automaker, BYD, reported a 100.4% profit surge in the first quarter, partly driven by its smart electric vehicle (EV) features. BYD’s net profit reached 9.2 billion yuan ($1.26 billion), exceeding the company’s earlier forecast of RMB 8.5 billion ($1.1 billion) to RMB 10 billion ($1.3 billion), according to a Friday stock filing. The […]

The Trump administration is loosening rules to help U.S. automakers like Elon Musk’s Tesla develop self-driving cars so they can take on Chinese rivals.