Etiqueta: Tesla

BYD has passed Tesla for European EV registrations and may not look back thanks to new affordable and luxury new models.

BYD is coming off its best sales month of the year after slashing EV prices in late May. However, it...

Europe's new car market saw a 2.5% year-on-year increase in registrations in May 2025, with a total of 1,107,517 new vehicles registered across 28 European markets.

The world's biggest EV-maker is grappling with rising inventory even after offering deep price cuts in China's cut-throat auto market

Chinese EV maker BYD just made everyone's shoulders sag after dismissing rumors about upcoming electric vehicles with solid-state batteries

STORY: BYD has slowed its production and expansion pace in recent months.That's according to two sources close to the matter.They said the Chinese electric vehicle giant reduced shifts at some factories in its home market and delayed plans to add new production lines.The decisions might be a sign BYD's strong sales growth over the past couple of years could slow.It also faces rising inventory even after offering deep price cuts in China's highly competitive auto market.The sources said BYD canceled night shifts and lowered output by at least a third at some of its factories.They added the measures were imposed on at least four facilities, and BYD had suspended some plans to set up a new production line.BYD's expansion in recent years drove it to overtake Tesla as the world's largest EV maker.It sold 4.27 million cars last year.The automaker has at least seven car factories in China and targeted a near-30% rise in sales this year.Reuters was not able to identify the exact scale of the production reduction and expansion suspension.It could also not find out how long these measures may last.One of the sources said the moves were aimed at saving costs.While another said they were imposed after sales failed to meet targets.BYD did not immediately respond to a request for comment.

SHANGHAI (Reuters) -Chinese electric vehicle champion BYD has slowed its production and expansion pace in recent months by reducing shifts at some factories in China and delaying plans to add new production lines, said two people with knowledge of the matter. The decisions are a sign that BYD's robust sales growth over the past couple of years that drove it to overtake Tesla as the world's largest EV maker could slow, as it grapples with rising inventory even after offering deep price cuts in China's cutthroat auto market. These previously unreported measures were imposed on at least four factories and BYD had also suspended some plans to set up new production lines, one of the people said.

It already outsold Tesla in the UK and Europe, but this could be just the start. BYD said it’s launching...