This is the story of a young company that took a risky bet on electric vehicles and grew into a giant. The company is the Chinese car maker BYD, which recently overtook Tesla as the world's largest EV company. "In the EV space, the only two players that have any scale are Tesla and BYD," Mr Le says. Late last …
Brussels/London CNN — The European Union is launching an investigation into China’s state support for makers of electric vehicles as soaring imports of their cars stoke fears for the future of European auto manufacturers. Speaking to the European Parliament Wednesday, European Commission President Ursula von der Leyen said Europe was open to competition but “not for a race to the …
London CNN Business — Tesla knows all about how to disrupt an industry. After years as the undisputed king of the electric car, Tesla could be matched sale for sale by Volkswagen as early as 2022, according to analysts at UBS, who predict that Europe’s biggest carmaker will go on to sell 300,000 morebattery electric vehicles than Tesla in 2025. …
