Etiqueta: Volkswagen

Turin’s air was cleaner than it during its industrial peak, but around half the 50-plus brands and more than half the production cars on show were Chinese.

Chinese electric vehicle (EV) stocks NIO (NYSE: NIO) and Li Auto (NASDAQ: LI) slipped Friday following news that Beijing plans to implement stricter regulations on EV exports.

August sales figures are in and BYD outsold Tesla in Europe for the second month in a row as the US company continues to struggle.

BYD's launch of its high-quality, sub-$20,000 Seagull EV in Latin America is a strategic masterstroke that massively undercuts the competition, establishing a powerful beachhead in the Americas and exposing the critical failure of Western automakers.

China's EV maker takes a slight lead in the EU market

On Thursday, data from the ACEA showed that BYD sold three times as many new cars in Europe, surpassing Tesla for the second month in a row.

BYD Co. is ramping up efforts to crack Germany after a slowdown in sales, adding senior executives to strengthen its operations in Europe’s biggest car market.

Overall car registrations in the EU rose 5.3% as buyers continued shifting toward electrified vehicles, which made up more than 62% of the market.

(Reuters) -Chinese EV maker BYD sold three times as many new cars in the European Union last month than in August 2024, surpassing U.S. competitor Tesla for the second consecutive month, data from the European auto lobby ACEA showed on Thursday. Stellantis returned to sales growth in Europe for the first time in over a year, as the overall market expanded with a boost from plug-in hybrid (PHEV) and battery-electric (BEV) sales. Chinese brands have also used the technology to minimise the impact of the European Union's tariffs on Chinese-made EVs, and to win over China-skeptic European drivers.

India Business News: JSW Motors, owned by Sajjan Jindal, is investing ₹26,000 crore to enter the Indian passenger vehicle market with a focus on EVs and plug-in hybrids. T