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Electric vehicle giant BYD predicts 80% of China car sales will soon be electric

At a time when electric vehicle sales growth in China has been slowing, BYD expects the country's EV market to expand — quite in contrast to smaller rival Nio that recently said the industry's "golden era" was over. "With all the innovation technology introduced to the market, China's market very quickly will push to ... close to 80% in EV penetration," BYD's Executive Vice President Stella Li told CNBC's Arjun Kharpal on Monday. Thanks to state support and a flood of car options, the...

CNBC 1d ago

Tesla's China-made EV sales jump nearly 40% in May as domestic market rebounds

Sales of Tesla's China-made electric vehicle rose by nearly 40% in May amid a broader recovery in the country's EV market. The automaker in May delivered 85,982 new energy vehicle units from its Shanghai Gigafactory — where it produces Model 3 and Model Y units for China and several overseas markets — according to preliminary data published Tuesday by the China Passenger Car Association. That's a 39.4% year-on-year increase over the same period in 2025.

CNBC 7d ago

Chinese EVs reclaim momentum as tech upgrades, incentives squeeze gains of foreign marques

International marques have failed to sustain the market share they regained in China early this year after consumers fell back in love with electric vehicles (EVs), a sector where domestic brands continue to enjoy an overwhelming advantage. Foreign carmakers from Volkswagen to Toyota held a combined 30.3 per cent share of the Chinese automotive market in April, with about 418,140 vehicles handed to local customers, according to data from the China Passenger Car Association (CPCA).

South China Morning Post 5d ago

Chinese EVs may hit U.S. within a few years, one way or another

Chinese electric vehicles face crippling tariffs, stringent regulations and fierce opposition from lawmakers and the American auto industry, but there's a growing possibility that Chinese EVs will be sold in the U.S. within the next few years. China has deliberately and aggressively expanded its EV footprint throughout Europe, the U.K., Asia and Australia, exporting millions of well designed, high-tech, and competitively priced vehicles, building factories and widening supply chains. Now,...

CNBC 4d ago

India’s bullet train project: Nine years later, is the dream finally nearing reality?

When Prime Minister Narendra Modi and former Japanese Prime Minister Shinzo Abe laid the foundation stone for India’s first bullet train project in Ahmedabad in September 2017, the event was presented as more than just the launch of a railway corridor. It was pitched as India’s first major step into the world of high-speed rail — a technology long associated with countries like Japan, China and France. Nearly nine years later, the Mumbai-Ahmedabad High-Speed Rail (MAHSR) corridor remains...

Times of India 11d ago

Transport sector calls for smoother border checks, wider mainland driving scheme

Transport sector calls for smoother border checks, wider mainland driving scheme Industry leader Ringo Lee says over 140,000 local private cars have registered for northbound scheme, expecting the figure to exceed 200,000 in coming years Hong Kong’s transport sector has called for faster cross-border immigration clearance and an expansion of a popular scheme allowing local vehicles to enter Guangdong province to include other mainland Chinese cities. The call was made on Monday after the...

South China Morning Post 9d ago