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Elon Musk once scoffed at the notion that BYD could compete with his company. Now, the automaker run by billionaire Wang Chuanfu is poised to be the new No. 1 in electric vehicles.
India is proposing reducing import taxes on some electric vehicles from the UK in an effort to clinch a free-trade deal between the two nations by the end of the year, according to two people familiar with the discussions.
Auto-industry executives long complained that electric cars aren’t as profitable as their combustion-engine counterparts. BMW AG Chief Executive Officer Oliver Zipse says those days are over.
BYD extended its lead over Volkswagen as China’s top-selling carmaker, with its wide range of electric vehicles proving hugely popular among local buyers.
Europe’s largest carmaker is taking a closer look at India — again.