Etiqueta: Tesla

On Monday, shares of Chinese electric vehicle maker BYD tumbled nearly 8% after the company reported a 30% drop in quarterly profit.

In an extraordinary incident in the province of Guangxi, China, a BYD Song Plus electric vehicle was struck three times by lightning at a rest area.

One way for BYD to reward investors is to do the opposite of what made it great.

CATL leads global EV battery market with 37.5% share, followed by BYD at 17.8%. South Korean companies LG and SK also see growth.

Tesla’s Struggling Entry in India and BYD’s Competitive Edge: A Deep Dive into EV Market Dynamics in Emerging Economies

The launch adds fresh competition in China’s crowded premium SUV market, where Li Auto and Xpeng are also pushing new models to challenge Tesla’s dominance.

It’s out-of-date, nonsense vapourware.

High prices, Trump tariffs, and showroom foot traffic that isn't converting--Tesla's entry into India is off to a rocky start.

In China's EV market, consumers are shifting from Tesla and BYD amid sales declines—Tesla down 5% and BYD 14.3% in August—due to economic slowdowns, aging products, and CEO controversies. Emerging rivals like Xiaomi and Zeekr gain ground with innovation and pricing, prompting industry leaders to adapt through diversification and new strategies.

Tesla's sales in key European markets have declined for eight straight months, with sharp drops in France (47.3%), Sweden (84%), and Denmark (42%), amid rising competition from BYD and an aging product lineup. Consumer backlash against Elon Musk exacerbates the slump, threatening Tesla's global position despite gains in Norway and Spain.