Etiqueta: Industry

In China's EV market, consumers are shifting from Tesla and BYD amid sales declines—Tesla down 5% and BYD 14.3% in August—due to economic slowdowns, aging products, and CEO controversies. Emerging rivals like Xiaomi and Zeekr gain ground with innovation and pricing, prompting industry leaders to adapt through diversification and new strategies.

Tesla's sales in key European markets have declined for eight straight months, with sharp drops in France (47.3%), Sweden (84%), and Denmark (42%), amid rising competition from BYD and an aging product lineup. Consumer backlash against Elon Musk exacerbates the slump, threatening Tesla's global position despite gains in Norway and Spain.

BYD is currently free-falling in the Chinese market as its competitors gain impressive ground. Following the crackdown on aggressive discounting strategies...

EV Leader BYD Suffers Rare Setback as Profit Crumbles

BYD cut production for the second month in a row in August. The company produced 353,090 electric cars and plug-in hybrid vehicles, around 3.8 per cent less

EV sales remain strong in China. But a brutal price war in pushing down profitability.

BYD's Strategic Investment in iCar Group: A Win-Win for EV Ecosystem Expansion and Cross-Border Synergy

BYD's latest hidden project is not just looking at 10 gigafactories but 10 gigafactories in 1 and BYD's gigafactory is set to beat that of Tesla's.

Chinese electric vehicle (EV) manufacturer BYD has experienced a decline in quarterly profits, amid a price war clampdown.

The latest investor updates on stocks that are trending on Monday