BYD
China stocks near 3-week high as Sino-US trade truce sparks optimism
Chinese stocks surged to a near three-week high, fueled by optimism surrounding progress in U.S.-China trade negotiations. Investors are awaiting specific details of the agreed framework, particularly regarding rare-earth exports and semiconductor imports. While uncertainties remain, constructive dialogue between the two nations is currently supporting risk assets, boosting market sentiment.
Why China's auto, tech giants threaten Tesla's self-driving future
Chinese EV makers, led by BYD, are challenging Tesla in self-driving technology by offering affordable EVs with advanced driver-assistance systems. BYD's "God's Eye" undercuts Tesla's FSD, leveraging lower component costs and government support. Tesla faces challenges in China due to regulations, competition, and a strategic shift towards robotaxis, while Chinese firms gain advantages through scale and data collection.
China is offering American social media influencers an all-expenses-paid, 10-day trip. Check terms and conditions
China is launching the "China-Global Youth Influencer Exchange Program," offering American social media influencers an all-expenses-paid trip to promote a positive image of the country. The initiative seeks influencers with large followings to collaborate with Chinese creators and experience Chinese culture. This program aims to strengthen ties amid ongoing tensions, reflecting China's soft-power strategy.
Tata Motors aims to race past Hyundai, M&M riding on Rs 35,000 crore of investments
Tata Motors is investing heavily to challenge Hyundai in India. The company aims for a 16% market share by FY27, targeting 18-20% later. Focus areas include electric vehicles, software-defined vehicles, and new powertrains. Tata plans key product launches like the Sierra SUV. The company is expanding charging infrastructure significantly. They expect positive EV division EBITDA in FY26.
BYD unleashes an EV industry reckoning that alarms Beijing
China's electric vehicle sector faces a price war. This situation impacts share prices and prompts government intervention. Overcapacity and weak demand are key factors. Analysts foresee profit decline for major brands. Smaller competitors may exit the market. Authorities urge self-regulation to avoid price cuts. BYD's tactics raise concerns about market dominance. The industry grapples with overcapacity and export challenges.
Megha deal: Krishna Reddy plans Rs 15,000 crore buyout of uncle PP Reddy’s 51% stake
Megha Engineering's shareholders, the Reddy duo, are finalizing a family settlement where PV Krishna Reddy will acquire Pamireddy Pitchi Reddy's 51% stake for around Rs 12,000-15,000 crore. Krishna Reddy plans to raise funds through asset monetization and financial institutions to complete the deal by March 2027. The infrastructure giant's rise has been marked by both success and controversy.
- Go To Page 1
D-Street's lofty equity valuations are pure Bollywood
Indian equity valuations puzzle experts. Cement companies are pricier than global peers. Some believe retail investors follow tycoons like Mukesh Ambani and Gautam Adani. Adani's cement consolidation may boost pricing power. Domestic funds face pressure to invest due to liquidity. Tech stocks attract global investors, but India lags in innovation. Local investors drive up valuations, even for mediocre firms.
Zomato poised for smart rebound post capex cycle: Mayuresh Joshi
Quick commerce companies are investing heavily in dark stores, impacting earnings and cash flow. Competition is intensifying with JioMart and others entering the space. The EV sector faces headwinds due to China's control of rare earth materials and slowing global demand, potentially affecting Indian EV production despite government incentives.
Tesla’s China shipments extend slump, bucking broader sales boom
Tesla faces increasing competition from companies like BYD in Europe.
Asian shares have tepid start before US jobs data
Asian equities are trading cautiously as investors await US jobs data for clues on Federal Reserve interest rate decisions. Tesla shares plummeted after Elon Musk's spat with Donald Trump, overshadowing optimism from renewed US-China trade talks. Despite Trump's positive comments, analysts remain skeptical about a lasting trade resolution, while China faces scrutiny over currency transparency.
Tesla is being eaten alive by Chinese rivals it inspired
Tesla's Shanghai factory is experiencing declining output, impacting its market share in China's competitive EV landscape. Rivals like BYD and Xiaomi are gaining ground with innovative and affordable EVs. Despite Tesla's initial catalytic role, it now faces challenges in maintaining its position, with reduced capacity utilization and profit margins, compounded by external factors like political dynamics.
Tesla's China-made EV sales fall 15% yoy in May
Tesla's China-made electric vehicle sales experienced a 15% decrease in May compared to the previous year, totaling 61,662 vehicles, according to CPCA data. However, deliveries of Model 3 and Model Y vehicles saw a 5.5% increase from April. Meanwhile, BYD, a Chinese competitor, witnessed a 14.1% year-on-year surge in passenger vehicle sales, reaching 376,930 units last month.
Big task ahead for Elon Musk: After Canada, Germany, and most of Europe, Tesla sales now tank in Sweden
Tesla's sales are plummeting in Sweden, experiencing a significant 53.7% drop in May, adding to its European decline attributed to consumer backlash against Elon Musk and a prolonged labor strike. The ongoing labor dispute, now Sweden's longest in 80 years, further damages Tesla's reputation.
Tesla’s Model 3 and Model Y included in China’s rural EV sales campaign
Tesla's Model 3 and Model Y have joined 124 electric and hybrid vehicles in a Chinese government initiative aimed at boosting sales in rural regions. This marks Tesla's debut in the annual campaign, which has been running since at least 2020.
Elon Musk returns to his tech empire, plagued by questions of inattention
Some of Musk's companies have benefited from his proximity to the White House, with Trump at one point promoting Tesla cars on the White House lawn and SpaceX harvesting more government tie-ups with Starlink, its satellite internet service. X remains a powerful megaphone for Musk's and Trump's supporters. And Trump is a valuable ally with policy power who oversees agencies that regulate Musk's businesses.
India's new flagship EV policy to be a ‘non-starter’ for global biggies
India is launching an EV policy to attract global automakers, offering reduced import duties for companies investing in local manufacturing. Tesla is unlikely to participate due to its preference for imports over local production.
Why aren’t we having Teslas in India?: Elon Musk's father hints at India potential as Tesla skips manufacturing pitch
Amidst speculation about Tesla's India entry, Elon Musk's father expressed surprise at the company's absence, considering India's potential and the presence of competitors like BYD and Tata. Despite government efforts to attract Tesla for local manufacturing, the company seems more interested in showrooms, raising concerns about missing out on India's growing EV market.
Did Elon Musk mislead investors about Tesla's future EV plans? What you need to know
Tesla executives worried about Elon Musk's denial regarding the $25,000 EV cancellation. They feared SEC scrutiny and investor confusion. The company shifted focus to robotaxis. This decision led to internal concerns and market uncertainty. Tesla is facing declining sales and rising competition from BYD. The affordable EV remains unreleased. Musk's actions raised questions about transparency and future product strategy.
Tesla executives question Musk after he denies killing $25,000 EV project: Sources
Elon Musk denied reports Tesla canceled its $25,000 EV, confusing executives who knew it was scrapped. Internally, focus shifted to robotaxis, but investors were misled. The low-cost model, once key to Tesla’s growth, remains unreleased, raising concerns about transparency and regulatory scrutiny.
Asian underdog & global biggies hit accelerator when Musk dodges desi market challenge
Vietnam’s Vingroup is entering India’s growing EV market through its arm VinFast, just as Tesla, after years of delay, prepares for its India launch. VinFast plans to open an assembly plant in India by June, backed by a $2 billion investment in Tamil Nadu. Although VinFast doesn’t see Tesla or BYD as direct competitors, India’s crowded EV space—with players like Maruti Suzuki, BYD, Hyundai, and MG Motors—poses challenges.
India and China are promising alternatives for investment, says Mirae Asset VC
Mirae Asset suggests India and China as investment alternatives. This comes amid concerns about over-reliance on the US economy. Weakening global confidence and rising nationalism are factors. India's digital infrastructure and population growth are attractive. China's policy shifts are also creating opportunities. Foxconn plans a significant investment in its India unit. South Korean exports to the US have declined recently.
VinFast India bookings to open in June; aim to ramp up production to 1,50,000 EVs annually: Asia CEO
The company is eyeing a launch in India with its VF7 and VF6 models before the festival season this year and aims to push up annual production in the country to 1,50,000 EVs in the coming years to be able to export them to countries in the Middle East and Africa.
This $7,000 single-seat electric car is a big hit in Japan
KG Motors, a Japanese startup, plans to revolutionise the EV market. They are developing a small, affordable one-seater car. The 'mibot' aims to tackle Japan's narrow streets and aging population issues. Pre-sales are strong, surpassing Toyota's EV sales in Japan. The company focuses on rural areas with limited public transport. The mibot is expected to be available from October.
The other side of the world's largest EV maker: China's Byd sued by Brazil for slave-like conditions at its plant
Brazil is taking legal action against Chinese EV maker BYD and two partners over alleged mistreatment of Chinese workers at a factory site. The workers were said to be misled and kept in poor living conditions. BYD says it’s cooperating with the probe.
Tesla EU sales slump 52% in April: trade group
Tesla's European sales plummeted in April 2025, dropping by over 50% as Chinese electric car manufacturers gained significant market share. This decline occurred amidst scrutiny of Elon Musk's involvement with Donald Trump and concerns about Tesla's aging vehicle lineup. While overall electric car sales in the EU rose, Tesla was surpassed by numerous competitors, including Volkswagen and BYD.
China auto market price war stokes fears of industry shake-out
China's auto industry is facing an intensifying price war, sparked by BYD's significant discounts on its electric vehicles, leading to concerns about a potential shake-out. This price war is putting immense pressure on weaker players and the automotive supply chain, with some companies selling cars below cost.
Brazil prosecutors sue BYD for violating labour rights
Brazilian labour prosecutors have filed a public civil action against Chinese carmaker BYD and two contractors for alleged human trafficking and “slavery-like conditions” involving 220 Chinese workers in Bahia. They seek R$257 million in damages and fines, demanding compliance with labour laws and individual worker compensation.
Xiaomi reports 47% revenue growth in Q1 as it launches new electric SUV
Xiaomi reported record-high revenue and profit in Q1, driven by its focus on high-end products, including smartphones and home appliances. The company's EV business generated substantial revenue, with SU7 deliveries exceeding expectations, though facing challenges like increased competition and negative publicity. Despite a net loss in the EV sector, Xiaomi's market value has surpassed BYD, reflecting investor confidence.
China, HK stocks slip as auto sector drops amid heightened scrutiny
China and Hong Kong shares fell on Friday, weighed down by losses in the auto sector amid increased regulatory and consumer scrutiny.
Load More
