Etiqueta: Tesla

BYD, already the world’s largest EV producer, is moving into Brazil, further consolidating its conquest of EV markets in the Global South.

China's BYD shows effects of price war with weaker profit growth

BEIJING (Reuters) -Chinese electric vehicle (EV) maker BYD posted its weakest quarterly profit growth since 2022 on Monday while its revenue growth slowed to the lowest level in nearly four years, hit by slowing EV demand and a bruising price war in the world's largest auto market. First-quarter net profit was up 10.6% at 4.57 billion yuan ($631.08 million) while revenue grew by 4% to 124.94 billion yuan, BYD said in a stock market filing. With a brand portfolio at different price points, BYD has ramped up efforts to move upmarket while doubling down on discounts to vie for cautious consumers amid a sputtering economic recovery.

Tesla CEO Elon Musk has met with a top government leader in the Chinese capital, just as the nation’s carmakers are showing off their latest electric vehicle models at the

Only a highly unlikely 50% import tariff would be enough to deter Chinese automakers from Europe, new research finds.

Only a highly unlikely 50% import tariff would be enough to deter Chinese automakers from Europe, new research finds.

Photo by Michael Förtsch on Unsplash

Musk is viewed in China as a favourable contrast to the stern statements from US officials, particularly during the recent visit by US Secretary of State Antony Blinken. View on euronews

2024 Beijing Motor Show: Elon Musk Ditches India Visit, Goes to China Instead, Elon Musk's Choice: Beijing Motor Show Over India Visit Signals Strategic Focus on China and more at news18.com