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29.07.25 - 00:54
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Behind BYD′s sales surge, suppliers warn of late payments and margin pressures (Digitimes)
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Chinese electric vehicle giant BYD has publicly dismissed comparisons to the troubled property developer Evergrande, rejecting online speculation that it might be headed for similar financial turbulence. Yet behind closed doors, some of its suppliers tell a different story — one of inconsistent payments, tightened profit margins, and mounting caution across the supply chain....
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23.07.25 - 09:18
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Tesla bid to regain China market share, BYD′s high Hong Kong sales: 7 EV reads (SCMP)
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We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing.
1. Tesla plans 6-seat version of Model Y to reclaim lost market share in China
Tesla will introduce a longer, six-seat version of its popular Model Y SUV in China, a strategic move aimed at reclaiming market share in the world's largest electric vehicle (EV) market amid increasing......
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18.07.25 - 00:30
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MediaTek′s C-X1 takes market by storm to fuel 2026 revenue (Digitimes)
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MediaTek has collaborated with NVIDIA since 2023 in developing automotive chips, and the partnership since then has extended into various application fields. Their new C-X1 chip is a 3-nanometer flagship automotive platform gaining traction in the market, especially in China. Its penetration rate is higher than expected, as many Chinese electric car manufacturers have adopted the C-X1 solution and strengthened their relationship with BYD. By 2026, C-X1 is expected to contribute significantly to MediaTek's total automotive revenue and become another long‑term growth driver....
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16.07.25 - 14:42
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Renault Shock Profit Warning Sends Shares Crashing (ZeroHedge)
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Renault Shock Profit Warning Sends Shares Crashing
Shares of French carmaker Renault, trading in Paris, crashed the most since the early days of the Covid pandemic after the company issued an unscheduled release, warning of lower profits for the year amid slumping demand and fierce competition from Chinese carmakers like BYD Motors.
Renault stated in the release that it had lowered its operating margin forecast for the year to around 6.5%, down from at least 7% previously. It also cut its free cash flow estimate to between 1 billion euros and 1.5 billion euros, down from 2 billion euros.
It stated that first-half volumes were lower than expected, as the retail market continues to soften, and added that inventories have swelled.
Renault slashed its full-year forecast:
Sees operating margin 6.5%, saw at least 7%, estimate 7.1% (Bloomberg Consensus)
Sees free cash flow EU1 billion to EU1.5 billion, saw at least EU2 billion, estimate EU2.09 billion
Renault's preliminary H1 results:...
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06.07.25 - 16:15
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Tesla Sales Drop 60% In Germany In June (ZeroHedge)
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Tesla Sales Drop 60% In Germany In June
Tesla's sales in Germany dropped 60% in June to 1,860 vehicles, according to the KBA. For the first half of 2025, sales fell 58.2% year-over-year to 8,890 units, despite overall growth in battery EV sales., according to Reuters.
Tesla has also now seen six straight months of declining sales in France, Sweden, Denmark, and Italy. Chinese EV maker BYD saw its German sales nearly quadruple in June to 1,675 and surged over fivefold to 6,323 year-to-date.Recall, Tesla's company-wide Q2 delivery numbers came in at 384,122 vehicles last week, just below the estimate of 389,407.
While estimates had been lowered multiple times, the number was still better than whisper numbers as low as 350k or 360k that were starting to make their way around the street.
Production beat expectations. Tesla built 410,244 vehicles, compared to the forecast of 400,083. Model 3 and Model Y deliveries totaled 373,728, slightly under the estimate of 377,295. The “Other Models?...
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02.07.25 - 10:06
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BYD, Geely bank on big discounts to set record car sales, dent smaller rivals (SCMP)
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China's leading electric vehicle (EV) makers from BYD to Geely Auto sustained their strong sales last month as big price cuts lured new buyers, helping boost their market share and heaping pressure on smaller, unprofitable rivals.
BYD, the world's largest EV builder, delivered 382,585 vehicles in June for its best month this year, the Shenzhen-based company said in a filing on Tuesday. While deliveries were little changed from May, they jumped 12 per cent from a year earlier. Geely, China's......
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26.06.25 - 16:36
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BYD Slumps After Scaling Back Production, Rising Inventories, Slower Sales Growth (ZeroHedge)
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BYD Slumps After Scaling Back Production, Rising Inventories, Slower Sales Growth
BYD stock and its U.S. listed ADRs slumped about 3% on Wednesday this week, after it was reported the vehicle manufacturer was cutting production.
China's top automaker is scaling back production at several factories due to rising vehicle inventories and slower-than-expected sales growth, multiple outlets including Reuters and CarNewsChina reported.
The company has canceled night shifts and delayed adding new production lines, reducing output at at least four factories by about one-third. “There were two reasons for the mentioned actions: saving costs and failing to meet targets,” two sources told Reuters.
In May 2025, BYD launched aggressive discounts across 22 of its models, slashing prices by as much as 53,000 yuan (USD 7,390) in an attempt to ease dealership backlogs. However, inventories continued to rise despite the deep price cuts. A major dealer network in eastern China even suspended operations, par...
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05.06.25 - 15:36
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UK sales of new Tesla cars slumped by third in May amid Musk backlash (The Guardian)
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Elon Musk's company sold 36% fewer cars in Britain compared with the same month last yearSales of new Tesla cars slumped by more than a third in the UK last month, as the electric carmaker lost ground to China's BYD and other rivals, amid a political backlash against Tesla's billionaire boss, Elon Musk.Tesla sold 2,016 vehicles in the UK in May, down from 3,125 in May 2024 – a 36% drop, according to the monthly snapshot from the Society of Motor Manufacturers & Traders (SMMT). Continue reading......
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