Search Results for: BYD

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BYD Surpasses Tesla in European EV sales for the first time in upset for Tesla

April 2025 marked a watershed moment in the European electric vehicle (EV) market as BYD outsold Tesla for the first time ever. According to JATO Dynamics, BYD registered 7,231 battery-electric vehicles, narrowly surpassing Tesla’s 7,165 registrations. This shift comes despite EU-imposed tariffs on Chinese-made EVs, which were expected to hinder BYD’s growth. However, the company’s …

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BYD unveils new super-charging EV tech – twice as fast as the Tesla system

BYD, a leading name in the electric vehicle (EV) industry, has unveiled groundbreaking super-charging technology that could redefine EV adoption The new ‘super e-platform’ boasts peak charging speeds of 1,000 kilowatts (kW), enabling vehicles to gain a range of 400 kilometers (249 miles) in just five minutes. This innovation brings EV charging times closer to …

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BYD shares hit record as the EV maker rolls out advanced driver tech with DeepSeek’s AI assistance

Shares of BYD, the Chinese electric vehicle (EV) giant, surged to a record high on Tuesday 11th February 2025, following the announcement of its new driver assistance technology. The company revealed its latest ‘DiPilot’ assisted driving system, which integrates artificial intelligence (AI) from Chinese startup DeepSeek. This move is expected to significantly enhance the driving …

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Tesla recalls two million cars in U.S. and faces head-on challenge by China’s BYD for world’s top electric car-maker

Tesla recalled more than two million cars in December 2023 after the U.S. regulator found its driver assistance system, Autopilot, was partly defective, it was reported. It follows a two-year investigation into crashes which occurred when the tech was in use. The recall applies to almost every Tesla sold in the U.S. since the Autopilot feature was …

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Tesla’s European market meltdown – sales plunge 49% amid brand damage and fierce competition

Tesla’s vehicle sales in Europe plummeted by 49% in April 2025, marking the fourth consecutive month of decline. Despite an overall 27.8% rise in battery-electric vehicle sales, Tesla struggled to maintain its foothold in the region. The drop in sales has been attributed to increasing competition from Chinese automakers, a shift in consumer preferences towards …

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China’s electric vehicle boom is becoming increasingly focused on hybrids

Hybrid-powered vehicles are becoming more popular than battery-only ones in China, according to latest full-year reports, even as consumers move away from fossil-fuel-only cars. Market leader BYD reported that well over half of the 4.3 million passenger cars it sold in 2024 were hybrid-powered, marking a significant reversal from 2023. Chinese electric car start-ups that …

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Over half of new cars sold in China are electric or hybrid

China has seen new energy vehicles surpass traditional fuel-powered cars in monthly sales for the first time. (Data as per the China Passenger Car Association’s July 2024). New energy vehicles, comprising solely battery-operated and hybrid-powered cars, represented 51% of China’s new passenger car sales as registered in July 2024 as reported by China Passenger Car …

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Japan, India and U.S. stock markets continue to hit new record highs!

Asia-Pacific markets witnessed highs on Tuesday 8th July 2024, mirroring the gains on Wall Street where the S&P 500 and the Nasdaq Composite ended at record highs. India’s Nifty 50 index also hit an all-time high of 24401.2 Investors are anticipating the forthcoming U.S. consumer price index release to discern the Federal Reserve’s direction on interest rates. Pundits …

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Chinese auto sales overtake U.S. for the first time

For the first time, automotive companies in China surpassed their U.S. counterparts in car sales last year, driven by BYD and expansion in emerging markets, according to a data released Thursday 13th July 2024. Chinese brands such as BYD now at the forefront, reportedly sold 13.4 million new vehicles last year. In comparison, American brands …

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The EU imposes higher tariffs of up to 38% on Chinese EVs

In a significant development that may affect the electric vehicle (EV) market, the European Union (EU) has tentatively agreed to levy tariffs on Chinese EV manufacturers. This decision reportedly follows an inquiry into the surge of inexpensive, government-subsidized Chinese vehicles entering the EU market. From 4th July 2024, Chinese EV producers who participated in the …

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Chinese EV makers continue their BIG push into European markets

This expansion occurs as the European Union investigates subsidies provided to Chinese electric vehicle manufacturers, a situation that may lead to the imposition of tariffs. In May 2024 Nio opened a new EV showroom in Amsterdam, while Xpeng introduced its G9 and G6 sports utility vehicles in France. Over the years, China’s electric vehicle industry …

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Tesla to lay off over 10% of global workforce

The company intends to reduce its global workforce by over 10%, amounting to roughly 14,000 employees As of December, Tesla had a total of 140,473 employees worldwide. This decision is believed to be a response to the obstacles Tesla is encountering with slowing growth and operational effectiveness and cheaper competition. In an internal memo, billionaire owner Elon Musk addressed …

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Tesla losing market share to Chinese EV makers

Chinese EV manufacturers such as BYD and smartphone maker Xiaomi are starting to inflict some damage to Tesla’s EV market. Xiaomi has launched its first electric vehicle (EV) and started taking orders. The company reportedly announced that the standard SU7 model would be priced at 215,900 yuan ($29,872; £23,663), while the Max version would be …

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Why are big name EV makers worried about a… ‘Seagull’

The EV named ‘Seagull’ sub $10,000 price tag. This vehicle will likely take-off! Global automakers are becoming increasingly concerned that Chinese competitors, such as the Warren Buffett-endorsed BYD, might saturate their EV market with cheaper EVs, potentially undermining local production and reducing vehicle prices. Concerns have been raised that this could damage national automotive industries, …

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Tesla earnings disappoint and Chinese EV stocks fall

Shares of Chinese electric vehicle manufacturers took a hit on Thursday 18th October 2023 after Tesla reported disappointing 3Q results on Wednesday 17th October 2023. It was the first time Tesla, co-founded by Elon Musk, missed on both earnings and revenue since Q2 2019. On Thursday morning, Hong Kong-listed shares of Chinese EV makers BYD and Xpeng fell approximately 2.18% and 8.76%. Li Auto slid …

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