BYD's net profit increased by 32.8 percent year-on-year to 9.1 billion yuan ($1.27 billion) in the second quarter of the year despite its aggressive pricing policy.
BYD's sub-brand Fang Cheng Bao has signed an agreement with technology giant Huawei to use its driver assistance system.
Jaguar Land Rover engineers have been working on the new generation electric Range Rover for a long time, and it has already reached 42,000 pre-orders.
Xiaomi wants to compete with Tesla and BYD in the electric car market soon.
Ford has made significant changes to its electric vehicle strategy. The company announced the cancellation of three SUV models.
German automaker BMW has announced that it is recalling 720,796 vehicles due to short circuit concerns.
Volvo, a major player in the Turkish automotive market, has made an unexpected decision to end the sale of sedan models in our country.
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