Etiqueta: Sales

BYD Co. said sales dropped 30% in January, underscoring the challenges facing the electric vehicle maker’s efforts to boost sales just as a winding back of subsidies hurts demand in China.

BEIJING/HONG KONG, Feb 1 () - BYD's ​vehicle sales ‌fell by 30.1% in ‌January from a year earlier, the fifth straight ⁠month of ‌decline, as the Chinese electric ‍vehicle maker navigates external uncertainties and ​stiff competition at ‌home.

Canada and South Korea are working toward a new trade deal that would bring more auto manufacturing to that country.

India's EV market is growing, but faces challenges like a two-wheeler sales slowdown and financing issues. From Budget 2026, the industry seeks structural reforms, including GST rationalization, component-level PLI support, and a national charging roadmap, to foster domestic manufacturing and achieve mass adoption.

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BYD began on Thursday trial production at its first European plant in Hungary, following delays in completing construction of the passenger vehicle factory.

CATL and BYD are already dominating the EV battery market, accounting for over 50% of global sales last year. With...

Rivian’s founder and Chief Executive Officer RJ Scaringe praised BYD and Xiaomi for their highly competitive EVs, both in technology and pricing, while also acknowledging that government subs…

Chinese car brands’ inroads in Mexico have unnerved Washington, rattled established automakers and alarmed the Mexican government, which is throwing up trade barriers. But even in the face of  new tariffs, China-made cars face little competition in the country’s growing market for electric vehicles. Cheap prices, government subsidies and a growing charging network all point to continued sales growth for China’s automakers in the country. Bloomberg News Mexico Business Reporter Amy Stillman details the rise of brands like BYD just across the border from the United States, and what it signals about car market competition and trade. Amy speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily. (Source: Bloomberg)

BYD already has a strong foothold in Mexico, accounting for around 70% of electric and plug-in hybrid sales. Now, the...