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Foreign carmakers face growing competition and shrinking profits as China’s auto market transforms with the dominance of electric vehicles.

Summary BYD reached the milestone of 10 million new energy vehicles (NEVs) produced, emphasizing its dominance in the industry. The company’s 2024 sales are set to surpass 4 million units, overtaking Volkswagen as China's top car producer. BYD's rapid growth highlights China's leadership in NEV adoption and its push toward green development.   BYD, a leading Chinese automaker, announced the production of its 10-millionth new energy vehicle (NEV) at its plant in Guangdong Prov

Tianjin Yonghao Audi’s closure reveals financial strain and evolving challenges in China’s automotive industry.

Hycan’s financial troubles deepen as sales collapse and employee severance remains unpaid.

BYD hires nearly 200,000 workers in three months as October NEV sales surpass half a million, setting a new industry benchmark.

China's transport network to be transformed by 2027 with smart highways and autonomous vehicles, boosting logistics and innovation.

Chinese EV companies plan to continue European expansion, leveraging price and manufacturing advantages to offset EU tariffs.

The company aims to challenge BYD and Li Auto with new hybrid tech, focusing on markets with limited EV infrastructure and global expansion.

Despite some progress, China and the EU fail to bridge the gap over electric vehicle tariffs, leaving future negotiations uncertain.

EU imposes hefty tariffs on Chinese electric vehicles, as China warns of possible countermeasures, seeking dialogue to avoid escalation.

Chinese EV makers like BYD and Li Auto hit record sales, driven by discounts and promotions, signaling future growth.

Chinese electric vehicle sales drop by 27.5% in the EU as new tariffs and market challenges reduce demand for affordable models.

Aito’s latest M9 SUV, equipped with Huawei’s technology, intensifies competition with Tesla in China’s growing electric vehicle market.

Ernst & Young survey reveals trust gaps and brand issues in global markets, despite strong value-for-money offerings.

Revised tariffs balance European market protection and carmakers’ concerns, with EU-China negotiations ongoing.

Chery accelerates its European growth with plans for a UK factory, expanding its Omoda and Jaecoo brands.

Tesla targets the booming family SUV market as the company ramps up efforts to compete with local EV rivals Li Auto and Nio.

Volvo Cars adjusts its 2030 goal, keeping hybrid models in its lineup amid market uncertainties and slower EV adoption.

The investment will focus on developing China-specific EV models and strengthening local partnerships to compete with domestic rivals.

BYD Explores Additional Global Production Sites in Brazil and Europe as Mexico EV Factory Plans Face Delay.