BYD is moving around Tesla and leaving them behind at an increasing rate. With features like 360-degree turns, head-in parking, emergency water driving, hydraulic suspension, autonomous driving, and done options,

Tesla Inc.'s decline in China's EV market continues, with a significant drop in shipments and market share. Aggressive pricing and advanced driver-assistance features from competitors like BYD are contributing to the decline,

BYD, the Chinese electric vehicle juggernaut headed by billionaire Wang Chuanfu, intends to raise HK$43.5 billion ($5.6 billion) to deal with fierce competition at home and to expand abroad.

BYD has rapidly grown into a dominant force in the automotive industry, challenging legacy automakers and rivaling Tesla in global EV sales.

BYD global EV sales jumped 56% in the first two months of this year, potentially putting it within arm’s reach of Musk’s carmaker.

Chinese electric vehicle maker BYD said on Tuesday it had raised $5.59 billion in a primary share sale that was increased in size, making it the largest of its kind in Hong Kong in four years.

BYD Company Limited, the world's leading electric vehicle manufacturer for three consecutive years announced a significant capital raise through a placement of new H shares to fund its ambitious global expansion plans and research initiatives.

BYD, the world's largest electric vehicle manufacturer, is weighing the possibility of building a third factory in Europe. The company, which already has production sites underway in Hungary and Turkey, aims to solidify its foothold in the region as tariffs on Chinese-made EVs complicate its entry into the market.

BYDDY secures record funding to boost EV growth, expand globally and invest in advanced tech, strengthening its position in the competitive auto market.

The Chinese electric vehicle-maker plans to use proceeds from the share sale for investments in research and development.

Elon Musk's automaker has been backsliding in China for the past five consecutive months on a year-on-year basis, according to data from the country's Passenger Car Association