Adjusted earnings before interest, taxes, depreciation and amortization climbed 13 percent in the period, to €605 million.
The agreement marks a win for BYD, which has been looking to expand its revenue beyond EV sales under its own brand.
Nio will unveil the Onvo L60 by the end of this month and a second smaller Firefly-branded EV, priced at less than $30,000, is planned to go on sale in Europe next year, a company executive said.
Allegations by the United Auto Workers against Mercedes include claims the automaker fired union activists and discouraged unionization.
PARIS -- France would welcome China's electric vehicle giant BYD if the company should it decide wanted to open a factory in ...
Volvo sales rose 27 percent in April to 65,838 cars, boosted by demand for EVs, which accounted for 26 percent of all sales ...
A pact between the government, French business groups and unions aims for a fourfold increase in the sale of BEVs to 800,000 ...
The Italian brand had been starved of investment, especially in Europe, under Fiat Chrysler Automobiles. But four new models are in the pipeline, says CEO Olivier Francois, who also leads the DS brand ...
The coupe-style Arkana, the higher-end Austral, the full-electric Scenic and now the Symbioz, which is based on an extended ...
Fiat is about to launch long-awaited new models as part of Stellantis. CEO Olivier Francois explains how Fiat will manage the ...
Stellantis is pursuing an aggressive cost-cutting program and is said to want to have roughly two-thirds of the company’s ...
The Volkswagen Group’s newest mainstream brand, Cupra has found success with sportier interpretations of Seat models such as ...