Cheap vehicles, growing market share, a new super-fast charger — Chinese electric vehicle company BYD is taking the fight to Tesla, as the American EV maker’s global sales slump. The company made $170 billion in revenue in 2024, which beat market analysts’ predictions and soared past Tesla’s annual revenue of $155.5 billion. BYD reported a…
Uptick in Tesla vandalism amid DOGE backlash Elon Musk’s Teslas are being vandalized at a higher rate as he faces backlash for federal cuts and firings. WASHINGTON – Donald Trump liked the shiny red car. “I want the same color,” he said, pointing to a Tesla Model S, before slipping into the driver’s seat. The…
GUANGZHOU — Chinese electric vehicle maker BYD’s shares are flying at all-time highs after the company unveiled new battery technology that takes just five minutes to charge. BYD’s Hong Kong-listed shares rose as much as 6% on Tuesday and closed at 401.40 Hong Kong dollars. They jumped again on Wednesday and were up more than…
HONG KONG — Chinese authorities are pushing humanoid robots as the next big thing after electric vehicles. This gives them a common cause with Tesla boss and Donald Trump confidant Elon Musk, with observers foreseeing a potential repeat of the way his company helped catalyze China’s EV industry. This week, Shenzhen’s government issued an action…
A BYD Seal EV is shown at the Geneva Motor Show 2024 as the company tries to expand sales outside of China. John Keeble/Getty Images BYD, the Chinese electric vehicle juggernaut headed by billionaire Wang Chuanfu, intends to raise HK$43.5 billion ($5.6 billion) in a share placement to deal with fierce competition at home and…
China’s electric vehicle (EV) manufacturer BYD plans to raise $5.2 billion in a new share sale that would be the biggest such offering in Hong Kong in four years, Bloomberg News reported on Monday, citing the terms of the placement. The share sale will also be BYD’s largest raising of funds since the company was…
I predict that Donald Trump is going to end up being very costly to Elon Musk’s tech empire. Until quite recently, investors were all in on the Trump-Musk bromance. Bloomberg calculated that the value of Musk’s companies had risen by $613 billion between early November 2024 and mid-February 2025, assuming anticipated funding rounds went as…
Havells India Ltd. will enter the electric vehicle charging market in the next six months as the company eyes to tap into the lucrative sunrise sector set to buzz after the entry of Elon Musk’s Tesla.The company will tap automakers, charging infrastructure, consumers and real estate developers, said Vivek Yadav, executive vice president, Havells India.”The…
Tesla has once again set its sights on the Indian market, though it is still keeping its India road map under wraps. While the company has posted hiring positions in Mumbai and Delhi, signalling plans to establish a retail presence, it has yet to confirm whether it will fully commit to local manufacturing or continue…
Chinese electric vehicle (EV) maker Xpeng plans to expand to 60 international markets this year, doubling its current footprint in around 30 countries and regions, company chairman and chief executive He Xiaopeng said on Saturday. He made the remarks at a port in Guangzhou, the capital of southern Guangdong province, where Xpeng launched global shipments…