News | Latest Breaking News Stories & Headlines

Car makers debut new EVs, affordable models in Munich

Major car makers will showcase their latest models at Munich's car show today as Europe's automotive sector faces crises ranging from US tariff hikes to costly electrification and the expansion of Chinese automakers on their home turf.

Business • 08 Sep

BYD quarterly profit falls for first time in over 3 years

Chinese electric vehicle maker BYD's quarterly profit fell for the first time in more than three years, as its expansion hit a speed bump amid a government campaign against price wars.

Business • 29 Aug

BYD's sales jumped 225.3% in July in Europe to give it 1.2% of the market there

European car sales rise in July, BYD ahead of Tesla

New car sales in Europe rose 5.9% in July, the best month for more than a year in a boost for the struggling industry as consumer confidence weakens, new figures show today.

Business • 28 Aug

BYD had a 2.8% share of the European EV market last year, after introducing hybrid vehicles to help expand its reach

BYD launches Denza premium brand in Europe

Chinese electric vehicle giant BYD has launched its premium Denza brand in Europe, aiming to support its expansion in the region and compete with top-end German manufacturers such as BMW and Mercedes.

Business • 08 Apr

Chinese EV champion BYD overtook Volkswagen to lead China's car sales with a record 4.25 million vehicles last year

Chinese EV giant BYD's fourth-quarter profit leaps 73%

Chinese electric vehicle maker BYD's net profit leapt 73.1% in the fourth quarter of 2024 to a record 15 billion yuan ($2.1 billion), it said today, reaping the rewards of lower prices and higher sales than rivals.

Business • 24 Mar

Volkswagen, BMW electric cars outsell Tesla in Europe

Tesla EV sales in Europe have fallen in February behind legacy brand Volkswagen and the BMW group, as well as rivals from China, data by research platform JATO Dynamics showed today.

Business • 24 Mar

The European Union imposed tariffs on China-made EVs at the end of October

Chinese EV makers file challenges to tariffs at EU court

Chinese electric vehicle (EV) makers BYD, Geely and SAIC have challenged the EU's import tariffs at the Court of Justice of the European Union (CJEU), filings on the court's website showed today.

Business • 23 Jan

BYD and contractor Jinjiang Group have agreed to assist and house the 163 workers in hotels

Workers at China's BYD site are 'victims of trafficking'

Chinese workers at a construction site in Brazil for a factory owned by China's electric vehicle producer BYD are victims of human trafficking, Brazilian labor authorities have said, in a growing controversy in BYD's biggest overseas market.

Business • 27 Dec 24

The European Union imposed provisional tariffs of between 17.4% and 37.6% earlier in July on EVs made in China

Chinese industry body tells EU to correct its EV findings

EU tariffs on electric vehicles built in China breach global trading rules and must be corrected, an industry body representing 12 Chinese automakers told the European Commission in a hearing this week.

Business • 19 Jul 24

Media reported that the new factory in Turkey would mark a $1 billion investment by BYD

China's BYD to open electric car plant in Turkey

China's electric vehicle giant BYD will open a factory in Turkey, as the company continues its international expansion.

Business • 08 Jul 24

China's BYD is closing the gap with Tesla after handing back the world's top EV vendor title to the US rival in the first quarter

China's BYD posts 21% jump in quarterly EV sales

China's BYD has posted a 21% rise in second-quarter electric vehicle sales, closing the gap with Tesla after handing back the world's top EV vendor title to the US rival in the first quarter.

Business • 02 Jul 24

China's BYD recently became the world's biggest producer of electric vehicles - surpassing Tesla for the first time

China's Cars: Irish drivers turning to Chinese brands

Chinese car brands are making a move into Europe, with a wave of new brands (and some old ones) taking on the continent's incumbents, writes Adam Maguire.

Business • 10 Jan 24