Etiqueta: bmw

German carmakers are already losing their grip on the Chinese market to local players led by BYD Co. Now, they’re mounting a fightback to prevent a similar result on their home turf.

Qualcomm and BMW unveil Snapdragon Ride Pilot, a hands-free driver-assistance system targeting Tesla and BYD competition.

LONDON/FRANKFURT/BERLIN (Reuters) -Chinese and European carmakers are set to face off at next week's Munich car show, reflecting intensifying competition on the continent that has pitted incumbents such as Volkswagen against EV giant BYD and newcomers GAC and Changan. This year's IAA Mobility, the continent's biggest biennial car show, comes as European automakers lose ground in China - the world's biggest market - in what some executives have described as a "Darwinian" price war. At the same time, to escape pressure at home Chinese automakers are expanding into Europe in search of profits, above all electric vehicle maker BYD, whose global sales soared to 4.2 million cars in 2024, up ten-fold from 2019.

BMW iX3, electric Porsche Cayenne, Mercedes GLC, the small cars from the Volkswagen Group: here are the new releases from the IAA 2025

BYD's Strategic Expansion into Malaysia: A Catalyst for Growth in Southeast Asia's EV Market

BYD's Profit Decline and the Risks of an Uncontrolled Chinese EV Price War: Assessing the Sustainability of a High-Stakes Growth Strategy

BYD is set to end the reign of Tesla's electric vehicle dominance with the release of a brand new model to the European market earlier this month

Cheaper Chinese EVs grab record share in growing market

Tesla's troubles across the pond in Europe are worsening. Per the European Automobile Manufacturers' Association, Tesla EV registrations (a proxy for sales) in Europe fell to just 8,837 units in July, a 40.2% drop compared to a year ago. Meanwhile, overall EV registrations in the region, which includes the UK and the European Free Trade Association, rose 33.6% in July, with overall registrations up 5.9%.

BYD Yangwang U9 hypercar has set a new world record for electric vehicles by reaching 472 km/h, surpassing its previous Chinese record.