China has carved out a dominating role in Central Asia’s electronic vehicle market. Now, Beijing is looking to replicate its success in the Caucasus. Azerbaijan is emerging as Beijing’s point of entry for the region. During the first 10 months of 2024, Azerbaijan imported 2,592 electric vehicles, with Chinese-manufactured models accounting for a 77 percent…
Chinese automaker BYD reported record revenue of 777.1 billion yuan ($107.2 billion) for 2024, surpassing Tesla’s $97.7 billion, according to a stock filing on Monday. This marks a 29% increase from the previous year, exceeding Bloomberg’s forecast of 766 billion yuan. The Shenzhen-based company has solidified its position as the leader in China’s EV market…
Foreign investors poured $1.2 billion into Chinese equities this week — the largest weekly inflow since October 2024 — as blockbuster rallies in electric vehicle giant BYD and Chinese AI firms reignited confidence in China’s market rebound, driving global fund managers to ramp up their bets on Asia’s biggest economy.According to Elara Securities’ Global Liquidity…
Delray Beach, FL, March 12, 2025 (GLOBE NEWSWIRE) — EV market size is projected to grow from USD 396.49 billion in 2024 to USD 620.33 billion by 2030, at a CAGR of 7.7%, as per the recent study by MarketsandMarkets™. A combination of environmental, economic and technological factors is propelling the global market for electric…
BYD, the Chinese electric vehicle giant, has rapidly grown into a dominant force in the automotive industry, challenging legacy automakers and rivaling Tesla in global EV sales. While Tesla is often viewed as its biggest competitor, BYD’s executive vice president, Stella Li, believes there is room for cooperation—at least in their shared mission to eliminate…
Mar 4, 2025 Chinese tech giant Xiaomi has announced plans to expand its electric vehicle (EV) business internationally by 2027, following the successful domestic launch of its first mass-produced car, the SU7. The full story is available on the South China Morning Post. The decision to move into overseas markets comes as Xiaomi aims to…
Nissan shares rose 11% on Friday after reports emerged that a Japanese group, including former Prime Minister Yoshihide Suga, plans to approach Tesla for a potential investment in the automaker. The proposal follows the failure of Nissan’s merger talks with its rival Honda, seen as a bid to catch up with Tesla and Chinese companies…
Tesla opens recruitment in India, hinting at potential entry into the EV market. The move follows Elon Musk’s meeting with PM Modi and recent government incentives for EV manufacturers. New Delhi, Feb 18 (PTI) American electric carmaker Tesla has opened recruitments for various roles in India, including business operations analyst and customer support specialist, in…
We recently published a list of 12 Best EV Stocks to Buy for The Long Term. In this article, we are going to take a look at where General Motors Company (NYSE:GM) stands against other best EV stocks to buy for the long term. While there was a slowdown in the US battery electric vehicle (BEV)…
We recently published a list of 12 Best EV Stocks to Buy for The Long Term. In this article, we are going to take a look at where Volkswagen AG (OTC:VWAGY) stands against other best EV stocks to buy for the long term. While there was a slowdown in the US battery electric vehicle (BEV)…