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BYD’s September sales fell 5.5%, ending a 19‑month growth streak
BYD just took its first hit in 19 months. The automaker’s September sales dropped 5.5% year-on-year, with just over 396,000 cars sold, according to its Hong Kong stock filing on Wednesday. This is the...
Tesla hikes U.S. lease prices after EV tax credit expires
Tesla Inc. announced on Wednesday that it has raised lease prices for all its vehicles in the United States following the expiration of a federal electric vehicle (EV) tax credit that had been a key d...
Top Chinese EV maker lowers 2025 sales target, marking slowest growth rate in years
Chinese electric vehicle manufacturer BYD has projected that sales outside China will account for about one-fifth of total deliveries this year. The company projects between 800,000 and 1 million unit...
BYD struggles to crack Japan’s EV market
BYD, a Chinese company developing and manufacturing electric vehicles, made a grand entrance into the Japanese EV market more than two years ago, but has faced difficulty attracting customers. This up...
BYD shrugs off Buffett’s Berkshire sell-down
BYD has confirmed that Berkshire Hathaway completely sold off its remaining shares earlier this year, ending a 17-year run that began in 2008. The Chinese electric vehicle maker responded on Weibo, wh...
Xiaomi starts with showrooms in plan to take EU EV markets, from 2027
Xiaomi will begin selling electric vehicles in Europe by 2027, with plans already underway to lock down showroom spaces across the continent. The decision was confirmed by Xu Fei, vice president at th...
Tesla rival BYD outlines battery plant requirement in Europe as EV output grows
China’s BYD is already locked into a fast-moving plan to build cars in Europe. Now it says batteries have to follow. On Wednesday, during an auto industry event in Milan, Alfredo, the company’s Europe...
Trump’s tariffs dent U.S. auto reputation as Europeans turn to Chinese cars
Donald Trump’s tariff crusade is smashing what’s left of the U.S. auto sector’s reputation in Europe. New numbers show buyers across the continent are turning away from American cars and leaning into ...
Mercedes to buy stake in $8.35B Chinese self-driving tech company Qianli
Mercedes-Benz Group AG is moving forward with plans to purchase a stake in a Chinese company that builds self-driving car technology. The luxury German car maker wants to buy part of Chongqing Qianli ...
Toyota, BYD, Yamaha now accept USDT payments in Bolivia
Auto industry leaders Toyota, BYD, and Yamaha have begun accepting USDT payments in Bolivia. Stablecoin adoption is on the rise in the country as Bolivians look for cover from the stalling economy. Te...
Xiaomi to update driver-assist system after recalling 116K SU7 EVs
Xiaomi Corp., a Chinese multinational technology company, plans to release an over-the-air software update for its SU7 electric vehicles. This update aims to fix a flaw discovered in its advanced driv...
BYD's China EV dominance slips as stock drop $45 billion in value
BYD just got slammed with a $45 billion market wipeout, and it’s not looking like the bleeding’s over. The company’s stock on the Hong Kong exchange has tanked more than 30% in just four months, hitti...