Etiqueta: Tesla

China's BYD posted a 21 per cent rise in second-quarter electric vehicle sales, closing the gap with Tesla after handing back the world's top EV vendor title to the US rival in the first quarter, reports Reuters.  BYD sold 426,039 EVs in the April-June quarter, according to Reuters' calculati

The company grows mostly thanks to plug-in hybrids.

Ford’s CEO Jim Farley offered more details about the automaker’s entry-level EV, which is expected to start at $30,000 and be profitable within 2.5 years.

The company's older lineup of vehicles is having a harder time keeping up with fresher offerings from rival electric car manufacturers

BYD Co sold a record number of electric and hybrid cars in the second quarter (2Q), sales data compiled by Bloomberg News shows, as price cuts and new technology stoked consumers into purchases. China’s best-selling car brand sold nearly one million models over the period, solidifying a rebound after a slow start to the year. The sales were driven in part by the company’s move to reduce prices across most models earlier this year, sacrificing profitability, to target gasoline models made by foreign brands.

Quarterly sales of 426,000 EV units put it within striking distance of once again overtaking Tesla

The BYD bet turned out to be one of Berkshire's best, with its value ballooning to $8 billion at BYD's peak as the EV market exploded.

When Germany’s national football team takes the field in Dortmund on Saturday, a game of geoeconomic chess will be taking place on the sidelines, with stakes that go beyond the European Championship.

BYD plant in Uzbekistan commenced production earlier this year and recently celebrated the rollout of its first vehicles from the assembly line.

Chinese brands place a high value on design and in-cabin technology and are laser focused on keeping cars affordable