China's growing fleet of large electric vehicles is increasing road maintenance costs while reducing fuel tax revenues, intensifying calls for new road funding mechanisms
BYD's optimistic export outlook follows disappointing results, including the company's first annual drop in profit in four years even as it toppled Tesla Inc. as the world's top-selling EV maker
China's rapid adoption of electric heavy trucks is already denting diesel use and could reset global fuel-demand trajectories faster than analysts expected
Despite record EV sales and more than $100 billion in revenue, BYD is burning billions in cash as tighter competition, slower model upgrades and rising costs squeeze its margins at home and abroad
Over the past year, some Chinese insurers have hiked premiums or backed away from selling EV policies, leaving vehicle owners struggling to find affordable coverage
Over-the-air (OTA) updates to software in China that are related to autonomous driving require regulatory approval to prevent automakers from using them to conceal defects or avoid liability
Hong Kong seeks growth through new industries after economic setbacks from political crackdowns, COVID isolation, and a property slump, weakening its status as a top financial hub
Automaker blamed 'industry malpractices' and 'excessive marketing' for pressuring its bottom line - an ironic twist considering BYD has been a major driver of the price war
Chinese EV giant BYD dismissed the reports of investment in manufacturing plant in India as 'untrue' in an official statement posted on its WeChat account
China continued to lead sales growth, accounting for almost 70 per cent of total EV sales in the month, while registrations in Europe showed a marginal decline
With electric vehicles in China now comprising one-in-three new car sales in some parts of the country, many of those road trips were made in an EV, although government doesn't break out exact figures
In the absence of a qualified majority either way, the EU executive can adopt the tariffs, however, it could also submit an amended proposal if it wanted to secure greater backing
Earlier on Friday data showed Hungary's industrial output falling by a worse-than-expected 9.5 per cent in August, which Budapest said was due to the weakness of the German economy
Lael Brainard, director of the White House's National Economic Council, is set to speak Monday in Detroit about the Biden administration's efforts to strengthen the US auto industry
Rising overseas shipments contributed to a record June quarter for deliveries for BYD, with the company posting a 40 per cent year-on-year increase in electric and plug-in hybrid sales
The move comes as European automakers are being challenged by an influx of lower-cost EVs from Chinese rivals. Still, there is virtually no support for tariffs from the continent's auto industry
