BMW, Geely, SAIC, and BYD are taking legal action to overturn EU tariffs on Chinese imports. The four automakers filed complaints at the Court of Justice of the European Union this week.
China's top electric vehicle maker BYD aims to complete its $1 billion plant in Indonesia at the end of 2025, the head of its local unit said on Monday, underscoring the firm's ambition to dominate in the market where Japanese automakers are popular.
BYD COMPANY (01211.HK) toppled Toyota for the first time in 2024 to become the most popular car brand in Singapore, foreign news reported. BYD's sales in Singapore surged to 6,191 units in 2024, beating Toyota's 5,
According to Bloomberg, in 2024, BYD zoomed past Toyota with 6,191 cars sold, compared to Toyota’s 5,736, more than quadrupling sales from 1,416 BYD cars sold the previous year. The company captured 14 per cent of Singapore’s tightly regulated market, also outpacing Tesla (2,384), Mercedes-Benz (4,487), and BMW (5,042).
BYD emerges as Singapore’s top car brand while Singaporeans share their top traditions and superstitions. Plus some of the biggest and fascinating news in Singapore and beyond.
Northvolt asked more than 100 shareholders at a meeting this month to provide $1.29 billion over the next two years to help restore the bankrupt Swedish battery maker's business, two sources familiar with the matter told Reuters.
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