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The Latest Breaking News from BYD

Tesla To Cut 14,000 Jobs Worldwide Amid Declining Sales And Increased Competition

Electric vehicle manufacturer Tesla is implementing significant workforce reductions, amounting to over 10% of its global staff, or at least 14,000 roles, amid declining sales and intensified competition in the electric vehicle market.

International Business Times

Tesla Might Pivot To Robotaxis. Does It Have A Death Wish?

Much of Tesla's stock price was seemingly hinged on sales growth. Without an entry-level $25,000 car, where will the brand's growth come from?

InsideEVs

China Paid Billions In Aid To Local EV Makers, Including Tesla, To Dominate The Market: Study

BYD was the biggest beneficiary of China’s support scheme, raking $3.7 billion in direct subsidies, followed by Tesla.

InsideEVs

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Chinese Electric Cars Are Clogging European Ports: Report

As China's EV overcapacity concerns increase, a logistical nightmare is unfolding in Europe.

InsideEVs

Global Plug-In Car Sales Increased 3% In February 2024

830,783 new passenger plug-in electric cars were registered globally in February (about 3% more than a year ago). The market share amounted to roughly 13%.

InsideEVs

The U.S. Won’t Let China Flood Its Auto Market, Treasury Secretary Says

The treasury secretary told her Chinese counterparts that industrial overcapacity was a concern for U.S. automakers.

InsideEVs

BYD Releases Camouflaged Photos Of EV Truck For Global Markets

BYD says this truck will surpass the Toyota Hilux in size. It could end up in markets like Mexico or Australia.

InsideEVs

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Are the wheels falling off EVs? Tesla and BYD both report a big slowdown in sales

Sales of electric vehicles have slowed in the first quarter of 2024 for some of the world's biggest automakers. Could this spell trouble for EV technology in general?

TechRadar

Electric car price war resumes as one brand sets record

The price of the cheapest electric vehicle in Australia has dropped again, in a move experts say shows the fuel-efficiency standard is already working.

AAP

"Unmitigated disaster": Tesla's Q1 deliveries shocker could be temporary, or worse

Analysts are voicing "continued concerns" surrounding Tesla demand in the face of stiff competition.

Axios

China Plug-In Car Sales Decreased In February 2024

Roughly 440,000 new passenger plug-in electric cars were registered in China in February, 9% less than a year ago. That's about a third of the market.

InsideEVs

Tesla Expected To Reclaim Top EV Seller Title

Tesla faces challenges in 2024 but is expected to regain top spot in EV sales. BYD and Tesla encounter difficulties amidst market shifts and competition.

Top News

BYD Global Plug-In Car Sales Exceeded 300,000 In March 2024

After a weak February, BYD returned to form in March and set a very strong plug-in electric car sales result—its second best ever.

InsideEVs

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InsideEVs

Tesla Q1 Sales Draw Grim Predictions From Wall Street Analysts

Analysts who have long been bullish on Tesla are now conservative as Elon Musk's brand is expected to release its Q1 2024 sales and earnings reports this week.

TechRadar

Chinese EVs are winning – here's how Ford, Nissan, Honda and more are fighting back

Many of the world's major automotive manufacturers are concerned about the threat of cheaper Chinese EVs. We explore how they are reacting and whether it's enough.

InsideEVs

Tesla Produced Its 6 Millionth Car

Tesla has just announced that it produced its six millionth electric car, and it appears it's a Tesla Model Y.

InsideEVs

A Quarter Of EVs Sold In Europe This Year Will Be Made In China, NGO Predicts

That includes the Tesla Model 3. But Chinese domestic automakers are catching up.

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InsideEVs

BYD Expects To Increase Plug-In Car Sales By Over 20% In 2024

After the spectacular sales success in 2023, BYD is pushing hard to further increase its plug-in electric car sales both in China and overseas.

International Business Times

China's Xiaomi Enters Car Market With New Electric Vehicle

Chinese consumer tech giant Xiaomi launched its first electric vehicle in Beijing on Thursday, injecting itself into a fiercely competitive sector in the world's largest car market.

International Business Times

China's Competitive Car Market At Heart Of Global EV Revolution

China is the biggest electric vehicle market in the world, a battle royale featuring both established carmakers as well as upstarts such as Xiaomi, which launched its first EV on Thursday.

Top News

BYD Delays EV Factory Plans In Vietnam

BYD delays plans for establishing electric vehicle factory in Vietnam due to global economic uncertainties and market challenges.

InsideEVs

BYD Launches Yuan Up Compact Crossover Starting At $13,400

BYD has just launched another electric model in China—the Yuan Up, which is expected to strengthen the company's position in the entry-level part of the market.

International Business Times

China's Xiaomi To Enter Cut-throat EV Market For The First Time

Chinese consumer tech giant Xiaomi will launch its first-ever EV at a press conference in Beijing Thursday, injecting itself into a fiercely competitive sector in the world's largest car market.

InsideEVs

Chevrolet Equinox Plus Is A PHEV That's Probably Headed To The U.S.

Chevrolet's forthcoming PHEV crossover will use a battery made by BYD. So far, this is China-only but could find its way to North America.

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