Etiqueta: Industry

In an era where electric vehicles (EVs) are rapidly redefining the automotive landscape, a new milestone has been reached. China's BYD, through its high-end

On Monday, shares of Chinese electric vehicle maker BYD tumbled nearly 8% after the company reported a 30% drop in quarterly profit.

In an extraordinary incident in the province of Guangxi, China, a BYD Song Plus electric vehicle was struck three times by lightning at a rest area.

One way for BYD to reward investors is to do the opposite of what made it great.

The Munich auto show is approaching. While some foreign media outlets may seize the opportunity to highlight the “competition” posed by China, it is important to recognize that behind Chinese vehicles is an evolving supply chain built on China-Europe cooperation.

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