How BYD caught up with Tesla in the global EV race
The Chinese group is poised to outsell its US rival this year after it dramatically narrowed the technology gap between the two
BYD
BYD unleashes an EV industry reckoning that alarms Beijing
The price war engulfing China’s electric vehicle industry has sent share prices tumbling and prompted an unusual level of intervention from Beijing. The shakeout may just be getting started. For all the Chinese government’s efforts to prevent price cuts by market leader BYD Co. from turning into a vicious spiral, analysts say a combination of … Read more
Tesla loses more ground in Europe, while BYD makes gains
Tesla sales in Europe and the U.K. have fallen by nearly half, according to data released Tuesday by the European Automobile Manufacturers Association. In April, Tesla sold 7,261 vehicles in the European Union, European Free Trade Association, and U.K., a 49% year-over-year decline. The fall in sales is particularly alarming considering Tesla recently launched a … Read more
Chinese EV stocks tumble after BYD slashes prices as much as 34%
BYD Co. led Chinese electric vehicle stocks lower in Hong Kong on Monday, as investors digested the auto giant’s sweeping price cuts of as much as 34% late last week. Shares of China’s No. 1 selling car brand tumbled as much as 8.3%, while peers Li Auto Inc., Great Wall Motor Co. and Geely Automobile … Read more
China’s BYD sees shares plunge 8% as EV maker cuts prices
FILE PHOTO: The company logo of China’s automaker BYD is seen on a car outside its headquarters in China’s southern city of Shenzhen. Bobby Yip | Reuters Shares in BYD plunged as much as 8.25% Monday, a steep drop from its record high last week, as investors assessed the Chinese electric vehicle giant’s price cuts … Read more
BYD beats Tesla in European EV sales despite higher tariffs: Report
Though the difference between the two brands’ monthly sales totals is relatively small, the implications of BYD beating out Tesla “are enormous,” says Felipe Munoz, global automotive analyst at JATO Dynamics. Jaap Arriens | Nurphoto | Getty Images BYD sold more pure battery electric vehicles in Europe than Tesla for the first time ever last … Read more
Hungary continues to woo China as BYD opens up European centre, creating 2,000 new jobs in the region
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Chinese EV giant BYD expands in Europe with premium brand Denza launch
A BYD Denza Z9 GT electric car on display in Hong Kong in February 2025. Ucg | Universal Images Group | Getty Images BEIJING — Chinese electric car giant BYD is pushing ahead into Europe, launching its premium Denza brand in the region despite rising trade tensions. The first model, the Z9GT, is set to … Read more
Elon Musk’s Tesla surrenders EV sales crown to BYD after worst quarter in nearly three years
Tesla lost its crown as the world’s largest EV maker after quarterly vehicle sales slumped to a low not seen since the spring of 2022. The company is now facing its biggest crisis in years. The brand has been targeted for a boycott just as its rapidly aging product range renders it most vulnerable to new competitors like BYD. … Read more
EV giant BYD outpaces Tesla with annual sales of over $100 billion
EV cars are pictured inside BYD’s first electric vehicle (EV) factory in Southeast Asia, a fast-growing regional EV market where it has become the dominant player, in Rayong, Thailand, July 4, 2024. Chalinee Thirasupa | Reuters Chinese automaker BYD reported annual revenue of 777 billion yuan ($107 billion) for 2024, leapfrogging U.S. rival Tesla as … Read more