Tuesday, 13 May 2025
People inspect electric vehicles made by Chinese automaker BYD during an auto fair in Jakarta, Indonesia, Wednesday, June 19, 2024. Investment in electric vehicle manufacturing is booming in Morocco, a country that neighbors Europe and enjoys a free trade agreement with the United States. That's partially because Chinese firms see it as a side door to access the U.S. market and new Biden administration subsidies designed to shut them out. (AP Photo/Achmad Ibrahim)
BusinessElectric Vehicles (EVs)NewsPolitics

EV boom: Morocco gains from US-China trade dynamics

Chinese manufacturers have announced plans for new factories to make parts for EVs that may qualify for $7,500 credits to car buyers in...

FILE PHOTO: Tesla's Model 3 is displayed during an event a day ahead of the official opening of the 2023 Munich Auto Show IAA Mobility, in Munich, Germany, September 4, 2023. REUTERS/Angelika Warmuth/File Photo
AnalysisBusinessElectric Vehicles (EVs)In-DepthManufacturing

Analysis: Rough road ahead for US EV makers despite upbeat quarterly sales

Demand for EVs has grown more slowly than expected due to high borrowing costs, economic uncertainty and consumer preference for gasoline-electric hybrids.

FILE PHOTO: The logo of a Tesla electric vehicle is placed on a car outside a dealership in Drogenbos, Belgium November 25, 2023. REUTERS/Yves Herman/File Photo
BusinessElectric Vehicles (EVs)NewsTransport

Tesla’s quarterly deliveries fall less than expected; shares rally

The automaker said price cuts and other incentives had helped to stimulate demand.

FILE PHOTO: A Tesla car charges at a charging station in Beijing, China, April 18, 2017.  REUTERS/Thomas Peter/File Photo
BusinessElectric Vehicles (EVs)NewsTransport

Tesla’s June China-made EV sales down 24.2% y/y

Deliveries of the Model 3 and Model Y fell from May levels.

FILE PHOTO: A person walks next to BYD Seal car in a BYD Auto company and Autotorino store in Milan, Italy, March 20, 2024. REUTERS/Claudia Greco/File Photo
BusinessElectric Vehicles (EVs)FinanceNews

China’s BYD posts 21% jump in quarterly EV sales, closes gap with Tesla

BEIJING (Reuters) -China’s BYD posted a 21% rise in second-quarter electric vehicle sales, closing the gap with Tesla after handing back the world’s...

FILE PHOTO: A staff member looks at Tesla's new Model 3 sedan displayed next to Model X SUV at the China International Fair for Trade in Services (CIFTIS) in Beijing, China, September 2, 2023. REUTERS/Florence Lo/File Photo
BusinessElectric Vehicles (EVs)EmissionsManufacturingNews

Tesla deliveries set to fall for second straight quarter

The electric vehicle maker is facing stiff competition from China.

FILE PHOTO: A person walks next to BYD Seal car in a BYD Auto company and Autotorino store in Milan, Italy, March 20, 2024. REUTERS/Claudia Greco/File Photo
BusinessElectric Vehicles (EVs)NewsPoliticsTrade

Peru trying to lure BYD auto plant with industrial park incentive

President Dina Boluarte said if BYD were to build an auto assembly plant in Peru, it would benefit from the Chancay port under...

FILE PHOTO: Visitors walk past a BYD logo at the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China, April 25, 2024. REUTERS/Tingshu Wang/File Photo
AutomotiveBusinessElectric Vehicles (EVs)FinanceNews

Berkshire Hathaway accelerates sales of China’s BYD

BEIJING/NEW YORK (Reuters) – Warren Buffett’s Berkshire Hathaway has accelerated its selling of shares in BYD, China’s largest seller of electric vehicles. Berkshire...

This photo released by Vinfast shows Vinfast electric car VF3 at an event in Las Vegas on Jan. 9, 2024. Vietnamese automaker VinFast just can’t sell enough cars, so it's hoping its tiniest and cheapest car yet — a roughly 10-foot-long mini-SUV priced at $9,200 and called the VF3 — will become Vietnam's “national car" and win over consumers in Asian markets. (Vinfast Handout)
AnalysisElectric Vehicles (EVs)

Vietnam’s VinFast looks to tiny EV, priced at less than $10,000, to change its fortunes

Vinfast is hoping to win over consumers in Asian markets with its tiniest and cheapest car yet.