Chinese EV Leader BYD’s European Factory Faces Abuse Claims
A recent report by human rights organizations has unveiled troubling evidence regarding BYD, a major Chinese car manufacturer, and its first electric vehicle factory in Europe. This project, initially endorsed by former Hungarian Prime Minister Viktor Orbán, allegedly subjects Chinese migrant workers to various forms of abuse and forced labor, as indicated by a company […]
Chinese electric car giant BYD’s profit doubles in blow to Tesla
Chinese electric car maker BYD doubled its profits to $1.3 billion in the first quarter as it continues to surge beyond its major rival Elon Musk’s Tesla. The Shenzhen-based company said annual revenue jumped over $100 billion last month – quarterly revenues rose 36% to 17.036 billion yuan, or about $235.1 billion for China’s top […]