Volkswagen reclaimed the top spot in China's car sales during the first two months of 2026, while BYD slipped to fourth place. BYD reported a 19% decline in annual profits, marking its first drop in four years, despite a 3.5% increase in revenue. Meanwhile, XPeng announced its first-ever profit due to strong sales and margins.
BYD reported its first annual profit decline in four years for 2025, with net profit falling 19% to 32.6 billion yuan. Despite the earnings drop, the company achieved a major milestone by outselling Tesla in passenger electric vehicles globally last year. Revenue growth slowed to 3.5%, reflecting the intense price war…
Read the full storyXpeng has officially rebranded as Xpeng Group, marking a strategic shift from a pure electric vehicle manufacturer to a comprehensive technology powerhouse. This transition reflects the company's ambition to dominate the emerging fields of physical AI and robotics. Key initiatives include the development of Level 4…
Volkswagen is reportedly in discussions with Rafael Advanced Defence Systems to repurpose its Osnabrück vehicle plant for the production of defense components. The strategic shift aims to manufacture parts for Israel’s Iron Dome air defense system as the German automaker faces a significant crisis in its core…
Volkswagen has successfully reclaimed its position as the top car seller in China during the first two months of 2026, marking a significant shift in the world's largest automotive market. The resurgence of traditional global giants comes as local electric vehicle champion BYD fell to fourth place in the sales…