Sona Comstar has entered China’s electric vehicle market through a joint venture with Jinnaite Machinery Co. at a time when its US business is facing headwinds due to Trump’s tariffs and India unit is suffering because of Chinese rare earth restrictions. The Gurugram-based firm will invest $12 million in the joint venture and hold a…
Chinese automaker BYD has officially dethroned Tesla as the world’s leading EV seller. In 2024, BYD reported staggering revenues of $107 billion, selling 4.27 million vehicles worldwide—more than double Tesla’s 1.79 million deliveries. Tesla, in contrast, generated $97.7 billion in revenue, experiencing its first annual sales decline of 1.1%. The numbers don’t lie—BYD is rewriting…
(AP Photo/Tony Ding, File) China is witnessing another groundbreaking moment akin to the DeepSeek breakthrough, this time with BYD’s revolutionary 5-minute charging technology, potentially posing a significant challenge for Tesla. BYD, China’s leading energy and automotive powerhouse, has unveiled an ultra-fast electric vehicle (EV) charging system that rivals the speed of refueling a traditional gas…
“We are looking forward to some disruptive times if I may have to add a word, in the auto sector and global players will definitely require to reposition themselves against what China is offering to them,” says Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd.US markets are down. Nasdaq is down 4%. Bitcoin is down. Tesla…
Now that the shine and allure of being the ‘new fad’ and government subsidies are starting to wear off – along with a marketplace full of super-saturated competition and robust supply – EVs simply aren’t selling. That was the topic of a new FT report that claims the auto industry’s shift toward EVs, once seen…
While electric vehicle (EV) sales are lagging in the U.S., contrary to the previously optimistic forecasts, Chinese EV sales are now booming. Several major Chinese automotive companies, as well as multiple start-ups, have reported record sales figures in the third quarter of the year. This trend has been widely anticipated by industry experts thanks to…