BYD is now taking Hyundai and Kia’s home market by storm. After launching the electric SUV just last week, BYD said its EV has already secured over 1,000 preorders in South Korea. Can it compete with Hyundai and Kia’s new low-cost EVs?

Robotaxis revolutionize mobility and face profitability challenges in South Korea Robotaxis transform urban transport but struggle with economic viability in Korea

Asia markets are mostly higher following gains on Wall Street driven by Tesla, IBM and Meta Platforms after strong profit reports

It’s pretty rare for automakers to sell vehicles in Canada but not in the U.S. Some examples include the late Nissan Micra and Mercedes-Benz B-Class. Kia is about to add another one to the list, namely the EV5 compact crossover.

China’s biggest EV maker, BYD, built more electric cars than Tesla in 2024, signaling a global shift toward cheaper electric cars.

Tesla has led the EV industry for years now, forcing other OEMs to play catch up. Elon Musk’s vehicles offer great range, excellent infotainment technology and have some truly innovative features. Early and unfettered access to the Supercharger network is another major plus, though these vehicles are still far from perfect.