Etiqueta: EU

International Business News: Trump’s 25% tariff on imported vehicles aids Tesla in the US but fails against China’s BYD, which leads global EV sales. Tesla faces backlash abroad d

BYD’s technological advances show where the centre of innovation now lies

The EU’s EV sales targets for 2030 and 2035 look impossible, despite the arrival the cut-price BYD Surf. Pressure is mounting to allow new combustion power after 2035.

Chinese auto giant BYD has emerged as the largest EV maker, and the six largest automaker overall, by vehicle sales. Three decades ago, it began as a battery manufacturer

BYD reported a 29% jump in sales from the previous year on deliveries of 4.27 million cars. By comparison, Tesla’s 2024 revenue was USD 97.7 billion

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.

Cars News: The company is aggressively marketing in Europe, launching ad campaigns and showrooms, but faces geopolitical hurdles. EU regulators are investigating

Chinese carmaker BYD saw a surge in revenue last year, surpassing the $100 billion mark and beating rival Tesla as the electric vehicle giant accelerates its overseas expansion.That figure eclipsed the $97.7 billion in revenue last year announced previously by Tesla.

European Commission targets BYD suspecting unfair financial help from China's government for the electric-vehicle automaker's Hungary plant being constructed with imported Chinese labor.