Etiqueta: Chery

BYD posts first monthly sales decline in 2025 as rival EV makers set record deliveries amid strong market competition in China.

BYD delivered 393,060 units in September, marking an almost a 6% decline year on year.

The automotive industry is a critical pillar of China’ s national economy. With an exceptionally long industrial chain - extending upstream to resource development, spanning midstream through...

BEIJING (Reuters) -Chinese electric car makers invested more abroad than at home for the first time in 2024, new data from Rhodium Group showed on Wednesday, as fierce domestic competition makes it almost impossible for manufacturers to turn a profit. Automakers have benefited from years of subsidies and other government policies aimed at making China a global automotive power and the world's leader in electric vehicles, but overcapacity and aggressive price cutting have sent the industry into a tailspin. Automakers in the world's No. 2 economy are locked in relentless price wars that are deepening deflationary pressures, while fears of a flood of cheap Chinese cars have sparked trade tensions with key partners — strain the export-driven economy can ill-afford amid U.S. President Donald Trump's tariffs.

Chinese EV giant BYD Co. Ltd. (OTC: BYDDY) (OTC: BYDDF) expects its overseas sales to make up about 20% of its total deliveries in 2025.

By Nick Carey, European Autos CorrespondentGreetings from London!After many years of riding high, Porsche has hit what could only charitably be called a rough patch.Late on Friday, Porsche once again had to pull back from its electric vehicle rollout in a move that will hit parent company Volkswage…

China will boost consumption and improve regulations to ensure steady and high-quality growth of the automobile industry as it faces challenges such as disorderly competition during rapid development, officials noted at an industry forum recently.

BARCELONA (Reuters) -When Javier Hernandez went car shopping in Barcelona, he ended up choosing a plug-in hybrid by China's BYD - swayed by a price nearly 10,000 euros cheaper than European rivals. With government subsidies, the BYD Seal U DM-I Hernandez opted for starts at around 30,000 euros ($35,289) in Spain, compared to over 40,000 euros for VW's Tiguan and Peugeot's 3008 plug-in hybrid models. Cost-conscious buyers like Hernandez are fuelling rapid growth for Chinese EV carmakers like BYD in Spain and around Europe, stepping up competition with regional and U.S. rivals like Tesla, Stellantis and Volkswagen.