As the words came out of Trump’s mouth, they were probably drinking champagne in BYD headquarters,” Ives told The Post. “It accelerates BYD’s success.”

The announcement boosted BYD’s stock price by 4.1%, reaching a record high on the Hong Kong Stock Exchange. Investors see the new technology as a major competitive advantage, strengthening BYD’s position against rivals like Tesla, Nio, and Li Auto.

India's commerce minister said the government has to be "convinced" BYD will "play by the rules" before the EV maker can expand in its market.

Chinese electric vehicle champion BYD has reported a 60% surge in sales in the first quarter of the year as archrival Tesla stumbles.

Tesla has suspended taking new orders for Model S and Model X vehicles on its Chinese website, Reuters checks showed on Friday, as the world's two largest economies exchange blows in a trade war.

Another fiscal year and another bold prediction that Tesla’s long-running reign as the global market share leader will end.

BYD, Elon Musk's Chinese archrival, posted a 60% sales surge in the first three months of the year, in stark contrast to Tesla's decline.

These approaches are two different ways of reaching the same destination, though interestingly, BYD’s battery configuration has better thermal management. Reportedly, Tesla’s offering produces around twice as much heat at a specific load than BYD’s configuration. This difference requires, not surprisingly, around twice as much cooling capacity.

China’s BYD Co. enjoyed a strong start to 2025, with sales up 58% in the first quarter versus the same period of last year.

Tesla faces declining market value amid EV market shifts, Chinese competition, and CEO controversies. Read here for the factors reshaping TSLA stock's future.