BYD

BYD says it will need four factories in Europe

BYD, the world's largest electric vehicle maker, will need three vehicle assembly plants and one battery factory in Europe over the longer term, the company's special adviser for Europe said on Wednesday in Turin.

BYD plans to build trucks in Europe to dodge tariffs

BYD, China's largest electric vehicle maker, announced plans on Monday to launch its first heavy-duty truck in Europe next year and eventually manufacture trucks on the continent, as the company seeks to position itself as a local player in the…

BYD enters Europe’s electric truck market with 600 km range flagship

BYD unveiled its ETT 44 heavy-duty electric tractor at IAA Transportation 2026 in Hannover on Monday, marking the Chinese automaker's entry into Europe's competitive long-haul truck market with a vehicle that pairs a 651 kWh battery with megawatt-class charging speeds.

Chinese automakers cross 62% of global EV sales

Six Chinese automakers accounted for 62.3% of worldwide electrified vehicle sales in the first half of 2026, crossing the 60% threshold for the first time, according to a report released on September 14 by the Korea Automobile & Mobility Association…

Europe’s EV boom offsets sharp North American decline in August

Global electric vehicle sales reached 1.83 million units in August 2026, a 2% year-on-year increase that marked the sixth consecutive month of rising demand, according to data from Benchmark Mineral Intelligence published on Friday. The modest growth masked sharp regional…

China’s car exports in 8 months already top full 2025 total

China's passenger car exports in the first eight months of 2026 have already exceeded the entire 2025 total, the China Association of Automobile Manufacturers reported Thursday, underscoring how the world's largest car exporter continues to flood global markets even as…

China’s car exports hit record in August as domestic sales fall for 11th straight month

China's passenger vehicle exports surged 77.5% year-on-year to 894,000 units in August, setting a new record, even as domestic sales fell 23.7% to 1.55 million units for the 11th consecutive monthly decline, according to data from the China Passenger Car…

BYD targets 2.5M overseas sales in 2027, raises 2026 goal

BYD has raised its 2026 overseas sales target to between 1.9 million and 2 million vehicles, up from 1.5 million, and set a goal of selling more than 2.5 million units abroad in 2027, according to a Deutsche Bank Research…

Honda tells suppliers to slash costs by 30% to fight Chinese EV rivals

Honda is embarking on one of the most aggressive cost-reduction campaigns in Japanese automotive history, targeting ¥1.5 trillion ($9.4 billion) in savings by 2030 as it struggles to compete with fast-growing Chinese electric vehicle makers, according to a Reuters report…

BYD’s August sales climb 18% on record exports

BYD reported a 17.8% year-over-year increase in global vehicle sales for August, selling 440,293 new energy vehicles as record overseas shipments continued to offset weakening demand in China's increasingly competitive auto market.

BYD shares slide as profit miss clouds overseas surge

BYD, China's largest electric-vehicle maker, saw its shares fall on Monday after reporting a 21% decline in first-half net profit to 12.33 billion yuan ($1.8 billion), weighed down by weaker domestic sales, foreign-exchange losses, and a bruising price war at…

BYD posts first profit gain in five quarters as exports surge

BYD reported its first quarterly profit increase in five quarters on Friday, with second-quarter net income climbing 30% year-over-year to 8.2 billion yuan ($1.2 billion) as surging overseas sales helped the world's largest electric-vehicle maker weather a prolonged domestic downturn.

BYD reclaims global BEV sales lead from Tesla in Q2

BYD reclaimed the top position in global battery electric vehicle sales during the second quarter of 2026, overtaking Tesla despite recording lower BEV deliveries than the same period a year earlier, according to research firm TrendForce.

Chinese brands hit record 11.2% share of European car market

Fully electric vehicle sales across Europe jumped 51% year-over-year in July, pushing EVs to a 25% share of the new-car market, according to preliminary data from market analyst Dataforce. The figures mark a sharp acceleration from an already strong first…

China’s car exports top 1M for second straight month, straining global shipping

China exported 1.043 million vehicles in July, marking the second consecutive month above the one-million-unit threshold, as new energy vehicles drove an 81.3 percent year-over-year surge that has overwhelmed the global shipping industry's ability to move cars fast enough.

China’s EV exports double as Iran war fuels global demand

The war in the Middle East is reshaping the global auto industry, with Chinese electric vehicle makers emerging as unlikely beneficiaries of soaring gasoline prices worldwide. China's EV exports rose 120% in the first half of 2026 compared with the…

BYD overtakes Hyundai in non-China EV market as global sales surge

Global electric vehicle deliveries outside China reached 4.598 million units in the first half of 2026, a 30.3% jump from 3.529 million a year earlier, according to data released by South Korean research firm SNE Research on August 10. The…

China’s export surge creates new corporate winners amid deepening domestic slump

China posted 24% year-on-year export growth in July and a $113 billion trade surplus, putting the country on track for another trillion-dollar-plus surplus in 2026, even as its domestic economy continues to flag. Western governments are calling the dynamic a…

Global EV prices fall below hybrids for first time

The average price of a new electric vehicle globally fell below that of a hybrid for the first time last year, according to a report from Nikkei Asia, marking a milestone driven by plunging battery costs and the rapid expansion…

BYD files six solid-state battery patents, eyes 2027 pilot production

Chinese automaker and battery manufacturer BYD has disclosed six new patents related to all-solid-state batteries, advancing a dual-electrolyte approach that combines halide and sulfide materials in the cathode structure. The filings, reported by Chinese industry outlet libattery.net and confirmed by…

Three Chinese automakers crack global top 10 in H1 2026

Three Chinese companies broke into the ranks of the world's ten largest automakers by global market share during the first half of 2026, according to data released by Cui Dongshu, secretary-general of the China Passenger Car Association (CPCA). The milestone…

BYD unveils humanoid robot to rival Tesla Optimus

BYD, China's largest electric vehicle maker, has confirmed it will debut its first humanoid robot in early August 2026 at its Di Space experience center in Zhengzhou, entering the rapidly growing robotics race just days after the United States moved…

Chinese EV makers seize record 10.7% share in Europe

Chinese electric vehicle makers are rapidly redrawing Europe's automotive map, capturing a record 10.7 per cent of new car sales across 18 Western European countries in the second quarter of 2026, according to data from Schmidt Automotive Research cited by…

Toyota expected to post fifth straight profit drop amid quake disruption

Toyota is forecast to report a fifth consecutive quarterly operating profit decline when it releases April-June results on Tuesday, as weaker vehicle sales, rising supply chain costs, and disruption from a recent earthquake in southern Japan weigh on the world's…

BYD July sales jump as overseas deliveries hit record

BYD sold 419,211 new energy vehicles at wholesale in July 2026, a 21.76% increase from a year earlier, as record overseas shipments continued to compensate for weakness in the Chinese domestic market, according to data the company released on Saturday.

BYD’s Racco kei EV hits 5,000 orders in first week in Japan

BYD's Racco electric kei car secured more than 5,000 paid orders in its first week on sale in Japan, putting the Chinese automaker halfway to its 10,000-unit target for the year, according to Electrek and Chinese automotive outlet Yiche.

Chinese EV brands double European market share, OLX data shows

New data published by OLX Group Prosus N.V. on Monday reveals that electric vehicle demand continues to surge across its European and international marketplaces, with Chinese brands MG and BYD emerging as dominant forces in the transition to electric mobility.

VW demands EU tariffs on Chinese plug-in hybrids after Tiguan loses top spot

Volkswagen CEO Oliver Blume has called on the European Union to impose higher import tariffs on Chinese-built plug-in hybrid vehicles, a dramatic reversal for the automaker that actively lobbied against EU tariffs on Chinese cars just two years ago.

BYD matches Tesla’s European market share for first time

Tesla and BYD finished the first half of 2026 locked in a dead heat across Europe, with both automakers commanding a 2.4% share of the region's car market — a first for the Chinese challenger — according to data published…

Europe’s June car sales jump 13% as EV demand surges

New car registrations across Europe rose 13.1% in June to 1.41 million vehicles, marking the strongest year-on-year gain since late 2023 as electrified powertrains continued to displace petrol and diesel models, according to data released Thursday by the European Automobile…