Etiqueta: Volkswagen

President Joe Biden's outgoing administration plans to finalize rules next week cracking down on Chinese vehicle software and hardware, U.S. Commerce Secretary Gina Raimondo told Reuters.

The profound and sustained challenge to auto industry economics will force cost cutting, mergers — and all the political wrangling, labor unrest and trade friction this entails.

CATL and BYD continued to hold the top two positions as the world's largest battery makers in January-November, with the former's share unchanged from January-October and the latter increasing slightly.

December once again boasted the strongest month on record with some dizzying figures from automakers, as China’s car retailing maintained its growth trajectory in the past six months.

BYD Auto, China's electric vehicle (EV) king, was the world's biggest seller of pure electric cars in the fourth quarter of 2024, as Tesla's sales for the period fell short of expectations. Shenzhen-based BYD beat Austin, Texas-based Tesla by more than 20 per cent in terms of deliveries. In the fourth quarter, BYD delivered 595,412 battery electric vehicles (BEVs) to customers, up 13.1 per cent from a year earlier. The company, which counts Warren Buffett's Berkshire Hathaway as a shareholder, a

In the fourth quarter, BYD beat Tesla by more than 20 per cent in terms of deliveries.

BRAND HEALTH CHECK: After outpacing Tesla in revenue and smashing sales records in 2024, China's EV powerhouse faces its biggest challenge yet. With the EU slamming on 45% tariffs and the U.S. market locked down, can BYD jump-start its global ambitions, or will trade barriers force a power-down?

BYD's 2024 Sales Spike Challenges Tesla's Dominance in EV Race