Five years of rapid European growth for Chinese electric-car manufacturers ground to a halt in 2024, as trade barriers added to the challenge of building up sales in a stagnant market.Most Read from B
BYD Company Limited surpassed Tesla, Inc. as top EV maker with vertical integration strategy through Mexico production facilities. Click for more on TSLA and BYDDF.
American manufacturers like Tesla, Ford, and General Motors have dominated the EV space over the past few years, but there's a strong fear that BYD ’s supposed arrival may alter this. The American EV landscape started as somewhat of a playground for domestic innovation,
The EU hit Tesla with an additional 7.8% tariff for Model 3s exported to Europe from China. An investigation found that the Chinese government had provided unfair subsidies to local brands. Tesla accounted for roughly 28% of all Chinese-made EVs exported to Europe in 2023.
The world’s largest electric vehicle maker is becoming a force in the global auto market. BYD confirmed it’s on
GEELY AUTO (00175.HK), and SAIC Motor (600104.SH) filed a lawsuit in the EU General Court on Tuesday (21st) to challenge the EU's imposition of additional tariffs on imported Chinese EVs, according to Reuters.
Both BMW and Tesla have been hit with tariffs by the EU on imports of electric vehicles made in China, along with other Chinese manufacturers such as BYD and SAIC. View on euronews
Tesla and BMW sue EU over tariffs on electric vehicles from China, joining Chinese automakers that filed claims. Read more.
China's BYD could start selling its first plug-in hybrid vehicle in Japan this year, the company said on Friday, as it aims to expand its lineup in the country to seven or eight models over the next two years or so.
Elon Musk's Tesla has joined forces with three leading Chinese automakers—BYD, SAIC, and Geely—in filing a lawsuit against the EU.
Bernstein analyst Eunice Lee reiterated a Buy rating on BYD Company (BYDDY – Research Report) on January 17 and set a price target of HK$350.00. The company’s shares closed last Friday at $68.09.
Brands led by SAIC Motor Corp.'s MG registered 3.5 per cent fewer EVs in the region for all of 2024, according to data from automotive researcher Dataforce