Etiqueta: Car sales

BYD is accelerating along its path to the future with the introduction of two new models that undercut the competition in features and price.

BYD's car sales target for 2025 is 5.5 million units, including more than 800,000 in overseas markets, according to local media.

BYD on March 23 announced the launch of a lower-priced car to rival Tesla's Model 3, which has long been the top-selling EV in China.

Tesla's Chinese competitor BYD recorded a 73 per cent jump in fourth-quarter profit on Monday and said its annual revenue for 2024 crossed the $100 billion US mark, surpassing the U.S. automaker.

The Communist Chinese company's new platform solves the biggest problems with electric cars, if a charging network is built to support it.

BYD, Geely Automobile, Tesla and Stellantis are included in this Analyst Blog.

Volkswagen is considering a shift towards military production as its auto business faces challenges, including high costs and declining profits. CEO Oliver Blume stated the company is open to exploring military vehicle production. This move comes amid increased European military spending and Volkswagen's need to support its struggling business. Potential collaborations with defence companies like Rheinmetall are being discussed.

Hyundai smashed several sales records in car sales in February 2025 and the South Korean auto manufacturer is on an upward trajectory in the United States.

Belgium’s changes to company-car taxes is charting a path for the EU’s transition to cleaner transport.

The move comes as SAIC loses its car sales crown in China for the first time in nearly two decades, as BYD topped sales of passenger vehicles at more than 4.2 million units.