China has published its five-year development plan for 2026-2030 and for the first time in 15 years, new energy vehicles are not included in its list of strategic emerging industries

Britain has emerged as key market for BYD, as it is the only European nation with no tariffs on exported electric and hybrid vehicles from China

Chinese outbound foreign direct investment in the EV value chain soared to an annual average of $30.4 billion in 2022-2024

Carmakers and dealers are struggling to make money in the world’s biggest auto market and oversupply, along with fierce competition, has left scores of firms on the brink of collapse

A drop in production, sales and profits reflect how pressure to stay competitive is beginning to take a toll on BYD

Xi’s comments have strengthened expectations that CCP officials will take steps to curb overcapacity in top industries

The Chinese government has previously said automakers will have to repay subsidies that they have been found to have claimed improperly

BYD is the first carmaker to assume full responsibility for an autonomous driving feature in China and the world

The world's biggest EV-maker is grappling with rising inventory even after offering deep price cuts in China's cut-throat auto market

Dialogue on Beijing's rare earth blockade has now become part of its negotiations on the EU's tariffs on China-made EVs, and it signals China's willingness to use its dominance in the critical industry as leverage

Tesla's EV sales also continued to plummet across much of Europe last month, as its aging model lineup and CEO Elon Musk's political activities deterred buyers

Growing global and domestic sales have allowed BYD to continue selling EVs at steep discounts, heightening the threat of an industry shakeout