Chinese companies making electric vehicles must commit to sell their cars at agreed minimum prices, if they want to avoid tariffs in Europe

BYD’s sales abroad rose to a record 1.05 million units in 2025, a 150% jump from 2024, but its sales at home grew at its weakest pace in five years

Firms are now focusing on batteries for energy storage systems that are quickly becoming critical to the global data-centre build-out

Intense competition in China has hammered profitability for automakers, suppliers and dealers but regulators are now looking to penalise absurdly low pricing

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