Porsche AG warns of a tough sales environment in 2023 after a 6% decline in global deliveries, struggling particularly in the US and China due to local competition and tariff-related issues.

BYD and Tesla have been put on notice. Chinese brand Xiaomi, which started as an electronics business making phones, has now ...

BYD has quickly gained a stranglehold on the Australian PHEV market, accounting for 58 per cent of all the PHEVs delivered so far this year.