Report: China Flooding World with Unsold Gasoline Cars as It Pushes EVs at Home
China is flooding emerging and secondary markets with millions of gasoline cars left unsold at home where EVs are pushed instead, Reuters reported on Tuesday.
BYD
Tesla’s German Car Sales Plummet 9.4% September Despite EV Market Growth
Elon Musk’s Tesla suffered a 9.4 percent year-on-year decline in German sales for September, even as the overall sales of EVs rose by 31.9 percent in the country, according to data from the German road traffic agency KBA.
Elon Musk’s Tesla Suffers 40% Drop in European Sales as China’s BYD Surges
Elon Musk’s Tesla has experienced a 40 percent plunge in sales throughout Europe, with the EV giant facing growing competition from Chinese EV company BYD.
Lula Says Brazil ‘Open for Business’ at Chinese Factory Opening
Brazil’s socialist president, Luiz Inacio Lula da Silva, declared at the opening of a Chinese automobile plant that Brazil is “open for business.”
Elon Musk’s Tesla Suffers 27.9% Sales Slump in Europe as Chinese EVs Invade
Tesla’s new car sales in Europe have declined for the fifth month in a row, as customers increasingly opt for more affordable Chinese electric vehicles, according to data from the European Automobile Manufacturers Association (ACEA). Elon Musk’s EV giant suffered a 27.9 percent drop in May on a year-over-year basis.
Brazil Sues Chinese EV Giant BYD on Charges of Human Trafficking and Slavery
Brazil’s Public Prosecutor’s Office (MPT) filed a public civil lawsuit against Chinese electric carmaker BYD on allegations the company subjected 220 Chinese nationals to conditions analogous to slavery and international human trafficking at its unfinished plant in Brazil.
Kamala Harris Under Fire for Accepting Campaign Cash from Chinese Auto Exec with Ties to Chinese Communist Party
Vice President Kamala Harris is under fire for accepting campaign contributions from a Chinese auto executive with ties to the CCP.
