Etiqueta: Tariffs

BERLIN/LONDON/DETROIT (Reuters) -Frank Eckard, CEO of a German magnet maker, has been fielding a flood of calls in recent weeks. Exasperated automakers and parts suppliers have been desperate to find alternative sources of magnets, which are in short supply due to Chinese export curbs. "The whole car industry is in full panic," said Eckard, CEO of Magnosphere, based in Troisdorf, Germany.

The BYD Seagull's $8,000 price tag makes it a game-changer for last-mile delivery and personal ownership in an autonomous future, highlighting BYD's aggressive pricing that challenges Western automakers who have little time to respond.

BYD is making its presence felt in the UK after registrations jumped more than fivefold last month. The EV leader...

BYD plans to expand its dealer network in South Africa to 20 stores by the end of this year and increase to 30 to 35 stores by 2026.

Plugin vehicles reach 22% share, or 1.5 million units, in April. Global plugin vehicle registrations were up 22% in April 2025 compared to April 2024. There were around 1.5 million registrations. More good news is that BEVs pulled further ahead of plugin hybrids, growing 26% YoY to 1 million units ... [continued]

From aggressive pricing to global expansion and grid integration, we explore how China’s evolving EV strategy is reshaping the global landscape, international partnerships, and infrastructure transformation.

This week, Stella Li, vice president of BYD, announced the company plans to build a megawatt charging system in Europe.

The world may be focused on BYD's affordable EVs, but its plug-in hybrids shouldn't be ignored either.

The move underscores China's dominance of the critical mineral industry and is seen as leverage by China in its trade war with Donald Trump.