Etiqueta: Europe

Yuqian Ding, Head of China Auto Research at HSBC, looks at pricing pressures facing Chinese EV makers and analyses how BYD has grown into a globally competitive car brand.

Industry leader BYD announces fresh round of price cuts for its models

(Bloomberg) -- BYD Co. led Chinese electric vehicle stocks lower in Hong Kong on Monday, as investors digested the auto giant’s sweeping price cuts of as much as 35% late last week.Most Read from BloombergNY Private School Pleads for Donors to Stay Open After Declaring BankruptcyUAE’s AI University Aims to Become Stanford of the GulfNYC’s War on Trash Gets a Glam SquadPacific Coast Highway to Reopen Near Malibu After January FiresShares of China’s No. 1 selling car brand tumbled as much as 8.3%,

China's EV giant BYD has overtaken Tesla in monthly sales across Europe for the first time, marking a pivotal shift in the region's automotive landscape and highlighting the growing clout of Chinese automakers on the global stage.

Build Your Dreams (BYD) establishing a base in Hungary proves that BYD has landed on European soil and is proving to be a threat for EV rival Tesla.

After poaching some of the best Western auto talent, China’s car industry is about to dominate globally with charging rates, ranges, luxury design, technology, and sheer volumes.

The Chinese automaker reshaping global car markets with record-breaking growth has joined the urban EV trend with the Dolphin Surf — its smallest and most affordable model yet in the Israeli showroom; first drive of a potential bestseller in the making

Tesla and BYD's dominance in the US market could be coming to an end. CUPRA is a Spanish brand under the VW umbrella that will enter the US market by 2030.

BYD, leveraging its cost advantages and strong Chinese market presence, has overtaken Tesla in global EV sales, necessitating BYD's continued focus on affordability and international expansion, while Tesla needs to diversify its lineup and reduce costs.