The EU has for the first time launched a formal review of a price undertaking offer from a company seeking to avoid its tariffs on Chinese-made electric vehicles, following a submission from Volkswagen’s Chinese joint venture. Over the course of 12 to 15 months, the European Commission will examine whether VW Anhui can replace its…
Backed by a booming tech sector and surging asset prices, the wealth of mainland China’s billionaires jumped 22.2 per cent year on year to US$1.77 trillion in the 12 months to early April, according to the report published on Thursday. With 70 new entrants, mainland China’s billionaire count rose to 470 from 427 – second…
Chinese-owned automakers are emerging as major players in India’s electric passenger vehicle segment, challenging long-time leaders Tata Motors and Mahindra & Mahindra. In under two years, brands such as BYD, MG Motor and Volvo — all backed by Chinese companies — have overtaken several Korean and German rivals and now account for nearly a third…
Volkswagen Group is poised to launch a new electric vehicle (EV) next year that leverages Chinese technology to compete with established domestic players like BYD and Geely in the world’s largest automotive market. The German carmaker, which has seen a decline in market share in mainland China since 2020 amid a rapid adoption of EVs,…
International brands led by Tesla are intensifying their efforts to compete with Chinese electric-vehicle (EV) manufacturers like BYD, as they showcase advanced intelligence and autonomous-driving technology to attract visitors at the world’s largest import-export trade fair in Shanghai. The 12 major carmakers, including General Motors and Volvo, are leveraging the China International Import Expo (CIIE),…
CATL and BYD collectively installed 442.2 GWh of EV batteries from January to September 2025, accounting for 54.5 percent of the global total. South Korea’s LG Energy Solution maintained its third-place position with a 9.8 percent market share during the January-September period. CATL (HKG: 3750) and BYD (HKG: 1211) continued to dominate the global electric…
Long-simmering debates in Washington about the benefits of increased investment from China were revived in recent weeks after Beijing reportedly pushed US President Donald Trump’s administration to roll back national security restrictions on Chinese deals in the US. But despite signs of high-level political warming to the idea, analysts say the path forward for Chinese…
Let’s strip away all the hype, all the noise and all the controversies for a moment and get real: I do not think there would have been a Tesla, as we understand it today, without Elon Musk. No, he didn’t start the company, as many believe. But Musk’s early capital, leadership through the Great Recession,…
Chinese electric vehicle (EV) maker BYD recorded surging sales in Europe last month after it launched more models and expanded its sales network, narrowing its gap with market leader Tesla. The Shenzhen-based carmaker racked up 24,963 new-car registrations in Europe in September, nearly five times its deliveries of 5,013 units a year ago, according to…
The Japan Mobility Show kicks off on Thursday with major automakers as well as nontraditional players displaying their latest models of electric vehicles expected to debut in Japan, where battery EVs are still a niche. But one carmaker is generating a lot of attention: China’s BYD, the world’s largest EV manufacturer, with its electric minivehicle…