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BMW, China and Toyota
Toyota and BMW are the latest casualties in China's evolving EV market
Toyota and BMW reported sinking profits on Wednesday, with sales in China slumping as both face growing competition from local automakers like BYD.
China woes weigh on profits at Toyota, Honda and BMW
Slowing demand in China led to steep falls in quarterly profit for Toyota, Honda and BMW, dragging even the strongest carmakers into a broader downturn hitting the sector. Until now, Japan’s Toyota and Honda had outperformed their European and US rivals due to strong hybrid and petrol sales in North America.
BMW's Profits Plunge As China Sales Slump
BMW said Wednesday it faced "extraordinary challenges" as its quarterly profits plunged due to slumping Chinese sales and a vehicle recall, the latest sign of the crisis gripping Europe's auto sector.
China Files WTO Complaint Over EU’s Electric Car Tariffs
China Hits EU With WTO Lawsuit Over EV Tariffs
The country's Commerce Minister recently urged French officials to encourage the EU to negotiate a fair solution
China Submits Appeal to WTO Over EU Tariffs on Chinese Electric Vehicles
China filed an appeal with the WTO over the EU's tariffs on China's EVs as bilateral talks between China and the EU stagnate.
China Files WTO Complaint Over the EU’s Electric Car Tariffs
China has lodged a complaint with the World Trade Organization over the European Union’s final tariffs on Chinese electric vehicle imports, escalating a dispute that’s straining an already fraught relationship.
6h
More bad news for Tesla in China
Tesla's sales slip comes amid a record year for competitor BYD in the ever-important Chinese market.
2d
China's Nio plans to sell its first hybrid car overseas only, sources say
Chinese electric vehicle maker Nio is planning to launch its first hybrid model in 2026 and will only sell it in overseas ...
7d
on MSN
China's Xiaomi delivers 20,000 EVs in October, just months after launching its first car
The Chinese smartphone company also announced a high-end sports version of the car, the SU7 Ultra, would begin preorders ...
7d
Electric car trade conflict with China claims global collateral victims
A new measure by the US government could sweep Polestar off the US market – a Swedish e-car manufacturer with US production ...
4h
on MSN
China's Xpeng bets on extended-range hybrid tech to boost sales
Xpeng unveiled its extended-range hybrid technology on Wednesday, as the Chinese electric vehicle maker bets on a pivot to ...
Car Dealer Magazine
1d
China lodges official complaint with World Trade Organisation as EV tariff row continues
China has lodged an official complaint with the World Trade Organisation (WTO) over the EU's decision to slap major tariffs ...
Yicai Global
4h
Global Car Giants Report Poor China Sales in Third Quarter as Local EV Brands Thrive
(Yicai) Nov. 6 -- Major multinational automakers, including Volkswagen Group, Ford Motor, and Stellantis, reported disappointing sales in China in the quarter ended September as the country’s rapidly ...
5d
on MSN
Marc Andreessen says the US needs a $20,000 EV if it doesn't want to 'lose the auto industry' to China
It's not just Ford's CEO singing the praises of low-cost Chinese
electric
cars from buzzy companies like Xiaomi. Andreessen ...
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