Etiqueta: Sales

A ruthless discount blitz from BYD is shaking the foundations of China's auto industry and threatening mass consolidation

In April, Tesla sold 7,261 vehicles in the European Union, European Free Trade Association, and U.K., a 49% year-over-year decline.

BYD Stock Dives as Dealer Inventory Overhang Prompts Heavy Discounts

China's leading EV maker BYD announced price cuts to many of its models over the weekend, triggering fears of an intensifying price war.

BYD’s fresh price cuts have reignited China’s fierce EV price war, sending stocks of major local automakers tumbling.

Introduction Tesla vs. BYD Electric Car Statistics: In recent years, the Electric car segment has witnessed enormous growth over the last few decades, and

Shares of BYD plunged following steep discounts across several models, stoking fears of a renewed price war in China’s EV market. However, the Chinese automaker is still expected to maintain robust growth, particularly against global rival Tesla.

Shares of BYD plunged following steep discounts across several models, stoking fears of a renewed price war in China’s EV market. However, the Chinese automaker is still expected to maintain robust growth, particularly against global rival Tesla.View on euronews

China's commerce ministry will meet with industry bodies and automakers to discuss the sale of used cars that have never been driven, Reuters reported.

SHANGHAI (Reuters) -China's commerce ministry will meet industry bodies and automakers including BYD and Dongfeng Motor to discuss increasing sales of "used cars" that were never driven, a person with direct knowledge of the matter said. The meeting is set for Tuesday afternoon, the person said, speaking on condition of anonymity as details of the meeting were confidential. It comes after Great