autonews

Chinese electric vehicle manufacturer BYD posted a third consecutive month of growth in global sales in July, supported by an increase in overseas shipments.
In July, the company sold 419,211 vehicles, up 21.8% year over year, according to Investing.com calculations.

To increase profits, automaker Ford Motor is expanding its business selling accessories and spare parts, aiming to strengthen its capabilities in the aftermarket products market worth $53 billion, CNBC reports. The company also plans to hold exclusive events more often with the release of new and special versions of its car models. — its Ford Customization executive director Matt Simpson compared them to a “drop of Nike sneakers.”

Great Wall Motor plans to capture between 3% and 5% of the European automotive market by 2030 by launching at least 10 models over the next two years. This was stated on Thursday by the company’s Chief Technology Officer, Nicole U.
The Chinese automaker entered the European market at the beginning of this decade, focusing on electric vehicles, but ran into difficulties amid intense competition. Currently, the company sells vehicles in the UK and Germany through local importers, and also has its own subsidiary structures in Italy and Spain.

Tesla has settled a lawsuit over a crash involving its full self-driving system (Full Self-Driving), Bloomberg reports. The accident occurred in 2023 and was the first case of a pedestrian death linked to this technology. The head of the company, Elon Musk, is betting on autonomous driving and robotaxis as a key direction for development.

Moscow car dealerships are struggling to keep up with demand for new electric vehicles from China: drivers are trying to bypass the fuel crisis that has led to gas station queues and a sharp rise in prices across much of Russia. Reuters reports this.
Increased attacks on Russia’s energy infrastructure in recent weeks have limited supplies of gasoline and diesel.

According to Der Spiegel, the German automobile manufacturing group Volkswagen, as part of its restructuring plans, intends to shut down four plants in Germany. Such even more wide-ranging measures than those previously mentioned are included in the plan that VW CEO Oliver Blume will present to the supervisory board on Thursday, July 9, the German weekly reports, citing sources close to the supervisory body.

Shares of Xiaomi Corp (HKG:1810) rose 8.8% on Monday, reaching their highest level since 03.06.2025.
A Chinese smartphone and electric vehicle manufacturer announced that it will hold a technology presentation on the evening of 30.07.2025. At the event, the company plans to unveil its technology architecture, Xiaomi Kunlun.