The American car company Tesla used to be a symbol of technological progress, innovation and stock market success. But since the beginning of this year, the situation is turning around - the market is starting to demand concrete results to justify the former high market value, driven mainly by investor optimism. As a result, the company's shares...
Online taxi service Uber has entered into a deal with Chinese electric car manufacturer BYD, the world's largest, to add 100,000 electric cars to its fleet. Both companies will offer Uber drivers incentives to switch to these vehicles through discounts on maintenance, charging, financing and leasing. The multi-year deal covers Europe and Latin A...
The first cargo ship designed to export cars to Europe sets sail from China. Chinese electric car manufacturer BYD has chartered a vessel capable of carrying up to 7,000 cars. The initiative follows BYD's success in its home market and its drive to expand rapidly abroad. In the last quarter, BYD even became the world's largest electric car ma...
Elon Musk once scoffed at the idea that a Chinese carmaker could compete with his Tesla. Now, the Chinese brand BYD, previously unheard of by many, is on track to become the world leader in electric vehicle sales. In the third quarter, the American Tesla sold 435,000 electric vehicles, while BYD, in which American billi...
