Latest News and Articles about China EV Market
Tesla’s China Market Share Crashes to 4%: Elon Musk Faces Brutal Competition
Tesla’s Market Share in China Plunges to 4%: A Brutal Wake-Up Call for Elon Musk Tesla’s grip on China’s electric vehicle (EV) market, once a stronghold as its second-largest territory, has crumbled to a pitiful 4% share, down from 11% in early 2021, with sales nosediving 30% year-over-year in May. As domestic titans like BYD […]
Read MoreBYD Hits Brakes: EV Giant Cuts Production Amid China Chaos and Global Expansion Risks
BYD Slams the Brakes: Chinese EV Titan Reins In Amid Domestic Chaos and Global Gambles Chinese electric vehicle (EV) behemoth BYD, recently crowned the world’s top EV maker ahead of Tesla, is hitting a wall of unsold cars and cutthroat pricing at home. Now, it’s scaling back its once-relentless expansion while chasing new horizons abroad. […]
Read More