Etiqueta: Germany

The Chinese EV giant has conquered global markets by selling millions of cars, but it hasn’t supercharged China’s soft power.

BYD is taking the long view, as it seeks to expand sales and production to many countries in Europe, South America, and the Middle East.

According to the German company, the Industrial Flex system, which is based on BYD’s MC Cube battery modules, brings the standardization and design principles of residential battery storage systems to commercial-scale applications.

BYD has benefited from a surge in plug-in hybrid sales over battery electric vehicles and a backlash against Elon Musk.

BYD reached a new monthly sales record in Germany for the second consecutive month in October, with figures surpassing 3,000 units again.

China's breakout EV giant now outsells Tesla in one of Europe's top electric car markets--and the gap is widening fast

Nexperia China moved to reassure customers that production will continue uninterrupted, saying it has secured new wafer suppliers and can meet client demand through to the end of the year and beyond. The Chinese division of the semiconductor maker said it had "multiple contingency plans" in place, according to a bilingual statement published early Sunday. The announcement underscored Nexperia China's efforts to operate independently after Dutch authorities took control of its Netherlands parent

Tesla's sales in Europe continue to decline, with a 10.5% decrease in September. BYD's sales surged by almost 400%.

A sign of how customers in the region are increasingly warming to the Chinese auto giant’s lineup of electric and hybrid vehicles.| Business News

Tesla, once the EV leader, is losing market share in China, Europe, and the US due to fierce competition from BYD, Ford, and others, alongside regulatory hurdles and price wars. Internal issues like production delays and Elon Musk's divided focus compound financial woes. A strategic reset is essential for recovery.