BYD Expands Fleet to Cut Shipping Costs Amid Global Challenges
BYD expands its fleet of car-carrying ships to reduce shipping costs by up to 40%, addressing global export challenges.
Chinese EV Exports Reach One for Two Domestic Sales
Chinese EV exports reach one for every two domestic sales in 2026 as overcapacity and price wars drive automakers overseas.
Older electric vehicles face rejection in China
Used electric vehicles in China are rejected by 80% of used-car dealers, with three-year-old EVs now worth 45% of original price, down from 55%…
Saudi EV Maker Ceer Challenges U.S. Rival Lucid
Saudi EV maker Ceer Motors plans to launch two electric vehicle models by March 2027, challenging U.S. rival Lucid.
Volkswagen to cut 50,000 jobs worldwide
Volkswagen to cut 50,000 jobs worldwide due to intensifying global competition and technological change in automotive industry.