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Tesla to Axe 10% of Workforce as Dipping Sales, Price War Bite

Elon Musk’s firm has seen its stock fall by about 31% so far this year with customers slow to transition…

6 days ago

BYD Leads China EV Charge Despite Sluggish Sector Growth

Chinese EV sales totalled 1.03 million in the first quarter of the year but it was the slowest quarterly growth…

2 weeks ago

BYD’s EV Victory Over Tesla May Be Short-Lived As Sales Cool

The drop in numbers comes despite steep discounts BYD has handed out on its vehicles, signalling that Tesla's global clout…

3 weeks ago

BYD to Use Nvidia’s Next-Gen Chips to Elevate Self-Driving Tech

Chinese carmakers are turning to Nvidia for advanced technology in an effort to compensate for what they currently lack in…

1 month ago

Tesla Eyes Southeast Asia’s EV Boom But Faces China Challenge

Southeast Asia has emerged as one of the hottest EV markets and could boost Tesla at a time when demand…

1 month ago

Nissan, Honda Seen Slashing China Production By Up To 30%

Nissan’s Chinese sales dropped by 16% last year while Honda’s were down about 10% in the world’s biggest auto market

1 month ago

Apple, Tesla See China Sales Plunge as Local Rivals Catch Up

Both firms have seen their market shares squeezed by local rivals such as smartphone-maker Huawei and electric vehicle giant BYD,…

2 months ago

Tesla-BYD Lock Horns in China With Deep Discounts, Incentives

The world’s two biggest EV-makers have been locked in a drawn-out and brutal price war in China since the beginning…

2 months ago

China’s BYD Confirms Mexico Factory Plan But Rules Out Exports

Reports of BYD’s plans to expand production in Mexico spurred speculation that the EV giant was looking for a way…

2 months ago

US Auto Sector ‘Faces Extinction’ From Chinese Mexico Imports

Auto industry lobbyists say firms like China’s BYD are benefiting from the North American free trade agreement at the expense…

2 months ago

China New Energy Vehicle Sales Slow Down Amid Export Frictions

Exports have helped drive subsidised Chinese automakers' growth but they are now seeing pushback from US and European governments

2 months ago

BYD Forecasts Possible 86% Profit Surge on Overseas Sales

The Chinese EV outfit is predicting a $4billion-plus net profit for last year despite intensified competition in the sector

3 months ago