Chinese electric vehicle manufacturer BYD believes it can overtake Toyota as the world’s largest carmaker by vehicle sales without entering the U.S. market, according to comments by the company’s top international executive
The UK government is investigating a potential security loophole involving Chinese-made electric buses that could allow them to be remotely disabled while in operation. Officials are working with the National Cyber Security
More
Tesla Inc. is grappling with a sharp downturn in its European business, posting some of its steepest sales declines of the year across key markets. The electric carmaker, led by Elon Musk,
More
BYD Co., the world’s largest electric-vehicle (EV) maker, reported a sharp decline in third-quarter profit as mounting domestic competition and heightened industry scrutiny weigh on its sales outlook. The Shenzhen-based automaker said
More
California Public Employees’ Retirement System (Calpers), the largest public pension plan in the United States, plans to vote against Elon Musk’s $1 trillion compensation agreement at Tesla Inc., Bloomberg reports. The pension
More
Beta Technologies Inc., the Vermont-based developer of electric aircraft, is seeking to raise up to $825 million in an initial public offering, proceeding with the plan despite the ongoing US government shutdown,
More Tesla Inc. (TSLA.O) is poised to unveil a more affordable version of its top-selling Model Y SUV on Tuesday, in what could be a pivotal moment for the company as it seeks
More
BYD Co., China’s top electric-vehicle (EV) maker, is grappling with mounting investor concerns after a dramatic $45 billion stock selloff, as the company faces intensified competition and a destructive price war in
More China’s electric vehicle giant BYD reported a sharp drop in second-quarter profits, missing analysts’ forecasts as Beijing’s crackdown on aggressive discounting and long-term supplier payment practices weighed on the company’s margins. The
More
Tesla on Tuesday unveiled its latest model for the Chinese mainland market — the Model Y L, a six-seat sport utility vehicle (SUV) priced from 339,000 yuan ($47,182). The move comes as
More
Chinese companies in the electric vehicle (EV) supply chain invested more overseas than domestically in 2024, marking a historic shift in strategy, according to a report from the Rhodium Group cited by
More
Vietnam’s richest man, Pham Nhat Vuong, is recalibrating his electric vehicle startup VinFast Auto Ltd.’s strategy, turning away from its ambitious yet faltering expansion into the US and European markets to concentrate
More
Elon Musk is poised to receive Tesla shares worth $29 billion, according to a decision by a special committee of the company’s board. The move is aimed at solidifying Musk’s commitment to
More
In 2022, BYD executive Lian Yubo publicly praised Elon Musk, calling Tesla a model for all Chinese carmakers. At the time, Tesla was widely considered the technological leader in electric vehicles (EVs),
More China’s electric vehicle (EV) sector is teetering on a financial knife-edge, as a deepening price war triggers liquidity shortfalls and mounting pressure on automakers’ balance sheets. An investigation by the Financial Times
More
China’s leading automakers, including BYD, Geely, and Xiaomi, have pledged to make more timely payments to their suppliers, following regulatory pressure from Beijing aimed at curbing controversial industry practices during a fierce
More