EV growth is still strong, but slowing down EVs and plug-in hybrids now account for nearly half of all new cars sold in China. That’s staggering compared to the U.S. or Europe, where the EV transition is happening much more slowly. BYD, Tesla, Geely, and a handful of others continue to sell in massive volumes. … Read more
Chinese automaker BYD is planning to enter Japan’s kei car segment with a fully electric vehicle tailored specifically for the local market, according to multiple reports and company insiders. The move marks a strategic first for BYD, which has previously exported China-designed models to international markets but has not developed a vehicle exclusively for a … Read more
China has prohibited automakers from using the terms “smart driving” and “autonomous driving” in advertisements for advanced driver assistance systems (ADAS). The Ministry of Industry and Information Technology (MIIT) issued the directive during a meeting with nearly 60 automaker representatives on April 16, according to a transcript reviewed by Reuters and confirmed by an attendee. The regulatory … Read more
Saudi Aramco has signed a joint development agreement with Chinese electric vehicle manufacturer BYD to explore potential collaboration on new energy vehicle technologies, the company announced on April 21. The agreement was signed through the Saudi Aramco Technologies Company, a subsidiary of Aramco. The goal of the partnership is to improve vehicle efficiency and environmental … Read more
In 2024, China’s domestic automakers continued to dominate the electric vehicle (EV) market. With a mix of compact city cars, family-oriented SUVs, and affordable sedans, Chinese brands made up the majority of EV sales within the country. This article highlights the seven best-selling EVs from Chinese manufacturers based on reported year-end sales totals. BYD Song … Read more
China’s top-selling domestic EVs of 2024 From compact city cars to family-friendly SUVs, Chinese automakers dominated the electric vehicle market in 2024. This slideshow highlights the seven best-selling EVs from domestic brands that are reshaping how China drives electric. BYD Song Plus dominates the Chinese EV market The Song Plus, a compact crossover SUV from … Read more
President Donald Trump’s recent threat of a 25% tariff on imported automobiles has sent shockwaves through the global automotive industry, prompting companies to reassess their strategic positions. Among the potential beneficiaries of this policy is China’s leading electric vehicle (EV) manufacturer, BYD. The tariffs are expected to raise the cost of imported vehicles in the … Read more
Chinese electric vehicle manufacturer BYD plans to more than double its overseas sales to over 800,000 units in 2025, up from 417,204 vehicles sold internationally in 2024. To achieve this, BYD intends to assemble vehicles locally in various markets to mitigate the impact of tariffs. The company is focusing on expanding its presence in the … Read more
Chinese automaker BYD reported annual revenue of 777 billion yuan (approximately $107 billion) for 2024, a 29% increase from the previous year. The rise was attributed in part to strong sales of hybrid vehicles. The total surpassed Tesla’s reported 2024 revenue of $97.7 billion. In a company filing released Monday, BYD Chairman and President Wang … Read more
BYD’s plans to build an electric vehicle manufacturing plant in Mexico have been delayed following intervention by China’s Ministry of Commerce. The ministry has withheld necessary approval over concerns that the automaker’s proprietary technology could become accessible to U.S. competitors due to Mexico’s geographical proximity to the United States. The proposed plant, which BYD has … Read more
