Chinese automaker Chery has confirmed that it will begin producing vehicles in Spain later this year, following a series of delays that have pushed back what will be the company’s first manufacturing operation in Europe. Senior executives said the project remains firmly on
China’s leading electric vehicle makers are accelerating their shift beyond cars as the evolving strategy of Tesla reshapes competitive pressure across the mainland auto market. Despite slowing deliveries and tighter margins in China, Tesla’s repositioning as an artificial intelligence driven company has had
Tesla has reported its first annual revenue decline, a milestone that underscores mounting pressure from China’s fast expanding electric vehicle industry and intensifying global competition. The US automaker said total revenue fell three percent in 2025 to 94.8 billion dollars, marking the first
China’s electric vehicle maker Xpeng is stepping up its overseas push in 2026, targeting a sharp increase in international deliveries as competition in the domestic market intensifies. The Guangzhou based company is aiming to deliver more than 90,000 vehicles outside mainland China this
China’s leading electric vehicle maker BYD is deepening its cooperation with Exxon Mobil as hybrid powertrains gain strategic importance in China’s auto market. Under a newly signed long term memorandum, the two companies will expand joint work on customized product research, materials development
China’s leading electric vehicle manufacturer is intensifying its push into international markets as domestic demand shows signs of normalization. BYD has outlined plans to lift overseas vehicle deliveries by roughly a quarter in 2026, supported by a wider dealership footprint and an expanded
Tesla is expecting regulatory approval for its driver supervised Full Self Driving system in both Europe and China as early as next month, according to comments made by chief executive Elon Musk at the World Economic Forum in Davos. The push comes as
China’s electric vehicle industry has spent the past decade focused on rapid expansion. Production capacity scaled quickly, new manufacturers entered the market, and domestic competition intensified across every price segment. That growth phase is now giving way to a more measured stage where
The early role of subsidies in jumpstarting demand China’s electric vehicle transformation did not happen overnight. In its early stages the industry relied heavily on government subsidies to stimulate demand and encourage manufacturers to invest in new technologies. Purchase incentives tax exemptions and
From late entrant to global challenger For decades China was seen as a follower in the global auto industry, relying heavily on foreign technology and joint ventures. That perception has changed rapidly with the rise of electric vehicles. China’s leading EV companies are
