Etiqueta: Report

Tesla faces sharp sales declines in Europe, with registrations dropping 60% in Britain and halving in Germany, amid aging models, Musk's polarizing image, and fierce competition. Chinese rival BYD surges ahead with affordable EVs, overtaking Tesla despite tariffs. This shift highlights the need for Tesla to innovate rapidly.

Taiwan's Ministry of Economic Affairs (MOEA) said Tuesday it is reviewing new regulatory measures to block indirect imports of Chinese cars, following reports that electric vehicle giant BYD is planning to enter the Taiwan market by assembling vehicles in Thailand and selling them under the "Denza" brand through a local agent.

China's new-energy vehicle (NEV) market penetration rate hit a record 44.3 percent in the first half of 2025, a new historical high for the same period, the CCTV News reported on Monday, citing information from the China Machinery Industry Federation.

BYD saw a 10.1% decline in sales in July as PHEV sales dropped 22.6% while EV sales grew 36.8% but fell short of expectations.

Meanwhile, Adani Group is in early talks with BYD on a potential battery manufacturing partnership in India.

Adani Enterprises has issued a clarification. The company states it is not in talks with BYD for battery manufacturing in India. Adani Group also denies any discussions with Beijing Welion New Energy Technology. A recent report suggested a possible collaboration. Adani has dismissed the report as baseless and misleading. The company aims to set the record straight regarding these speculations.

BYD vs. RRR: Which Stock Is the Better Value Option?

Chinese EV companies captured 10.6% of Europe's EV market share in June despite EU tariffs. BYD and Xpeng saw significant sales growth.

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