The Latest Breaking News from BYD

With earnings season nearing its end and the macroeconomy running hot, shifting sentiment, bold policy moves, and volatile commodity prices are setting the stage for a mixed corporate performance.

The past week in the electric vehicle (EV) industry was nothing short of electrifying. From Tesla’s Chinese rival Xiaomi experiencing overwhelming demand to Ford Motor Co (NYSE:F) unveiling its universal EV platform, the industry was abuzz with developments. Here’s a quick recap of the top stories.

Global electric vehicle sales grew over 21% year-on-year in July and crossed 10.7 million units sold globally, a 27% year-to-date increase as China continues to be in the driver's seat of global EV growth.

Chinese firms are making major inroads in the Southeast Asian city-state as ‘Made in China’ stigma fades.

Ongoing tariff battles have taken a toll on the auto industry’s mainstays, with losses reaching $11.7 billion through the first half of 2025, according to industry figures.

The rest of the world is moving away from gasoline more quickly than the United States is, including the Global South.

Utes that can be plugged in and vans that run on batteries have gone on show in Australia for the first time, which experts say is proof the market has moved.

Both electric and petrol-powered vehicles are failing to meet advertised promises, on-road tests reveal, which experts say is unacceptable.

The Australian Automobile Association tested vehicles from Tesla, BYD, Kia and Smart in bid to give consumers more accurate information