China’s hyper-competitive electric vehicle market means that even top players, such as BYD Auto, are no longer immune, as smaller players continue to gobble up increasing market share. This comes as growth in the world’s largest EV market slowed over the summer, with mounting headwinds expected this fall. BYD, the world’s largest EV maker, slashed…
Aggressive pricing, shrewd tax engineering and a trusted local partner have propelled China’s BYD to a commanding position in Sri Lanka’s electric vehicle and hybrid market, disrupting a sector long constrained by import restrictions and setting the stage for dramatic expansion. Sri Lanka’s car market, starved of new imports for nearly five years under a…
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…
As a result, SungEel HiTech — one of only two battery recycling companies listed on Korea’s tech-heavy Kosdaq — has faced falling profitability and declining free cash flow for two consecutive years. South Korea’s leading industrial players are ramping up their efforts in the electric vehicle (EV) battery recycling sector, reflecting growing expectations that the…