BYD managed to outsell Tesla on a quarterly basis even despite registering its first total sales decline in 18 months in September
The Shenzhen-based carmaker already has begun securing visas for senior managers and engineers that will enable the company to restart training programs, service machinery and assess the state of its factory in south India, says report
Net income totaled 15.5 billion yuan ($2.2 billion) in the six months ended June 30, the carmaker said in a filing on Friday. Revenue climbed 23% to 371.3 billion yuan, it said.
Tata Power’s move can be an indicator of an overall decline in the pace of installation of public EV charging units in India. Last month, Karnataka government had to scrap its ambitious plan of to set up 2,500 EV charging stations across the state citing poor response from private companies.
BYD will launch its Shark 6 plug-in hybrid pickup truck in Pakistan on Friday. China's MG already sells a PHEV SUV, while rival Haval is set to join the segment soon.
Talks between Sona BLW and BYD have been ongoing for the past few months now, and the local component manufacturing plant in China is part of Sona BLW's long term roadmap for collaboration with BYD, the report added.
The Chinese group is poised to outsell its US rival this year after it dramatically narrowed the technology gap between the two
With Tesla set to debut on Indian roads, the country's fast-growing EV market is gearing up for a phase of fierce competition, innovation—and disruption.
Xiaomi founder Lei Jun attacked Tesla head-on during a Thursday launch event, stacking his vehicle against the Model Y
Beijing summoned industry leaders for talks earlier this month, telling EV makers not to sell cars below cost or offer unreasonable price cuts.
Citi estimated that after the weekend’s discounts, BYD dealership traffic may have surged between 30% to 40% week-on-week.
CATL teased the latest innovations at its Tech Day on Monday in Shanghai — a multi-hour event that took place in a converted warehouse on the outskirts of China’s financial capital
Let’s take a look at some of the factors behind BYD’s success as it continues to expand its presence in international markets.
Shenzhen-based BYD reported revenue of 777 billion yuan ($107 billion) for the 12 months ended Dec. 31, up 29%, according to a filing late Monday, beating estimates for 766 billion yuan. Tesla’s 2024 revenue was $97.7 billion.
BYD has risen quickly to the top of China’s car market — the world’s biggest and most competitive in terms of electric vehicles
From “more features for no more price” and “smart driving for all,” BYD can now add “charging as fast as refueling” to its marketing slogans
The manufacturer will start selling vehicles with the new technology next month.
Elon Musk’s automaker has been backsliding in China for the past five consecutive months on a year-on-year basis
Despite the political tension between India and China resulting in visa issues, the company has not felt any impact of it on its operations in the country and has also found acceptance of its products from the ’pragmatic’ Indian customers
The company did not give details of pricing as it started accepting bookings for the vehicle at the Bharat Mobility Global Expo 2025 in New Delhi
Investigations into slavery can carry powerful consequences for employers in Brazil, including a restriction on their access to bank loans.
BYD has been on an extraordinary expansion this year, growing capacity and undertaking a massive hiring spree to turbocharge revenue, which overtook EV leader Tesla in the third quarter
BYD's revenue soared 24% year-on-year to 201.1 billion yuan ($28.2 billion) for the three months ending Sept. 30, falling short of estimates, but exceeding Tesla whose sales hit $25.2 billion in the same period
While the Premium variant is offered with a 55.4 kWh battery pack with a range of 420 km, the Superior trim gets a larger 71.8 kWh unit that offers a range of 530 km per charge as per New European Driving Cycle tests
Former BYD executive Sanjay Gopalakrishnan, who has joined as a consultant to advise on the EV project, did not respond to a request for comment