The US carmaker sold 82,432 of its Shanghai gigafactory-produced vehicles last month as rival BYD set a new sales record

The carmaker has said it is still looking for the right location and would make an announcement at the end of the year

Berkshire’s latest stake sale in BYD came on the heels of the EV-maker’s financial results this week, in which the carmaker reported its highest-ever quarterly profit

The electric vehicle giant continues to preserve its domestic market leadership despite softer demand and increased competition

Despite some of China’s electric vehicle makers, such as BYD and Nio, being household names, hundreds more now face an uncertain future

China’s top-selling automaker has returned sizzling sales figures and bumper profits despite a price war initiated by US EV rival Tesla

China’s leading carmaker urged its domestic rivals to unite and establish world-class brands in a patriotic global push

New Delhi’s licensing demands on the import of laptops, tablets and personal computers will particularly hit Chinese firms

"Security concerns with respect to Chinese investments in India" led officials to decline the EV-maker's proposal, a report by the Economic Times said

India is concerned that tie-ups like the one proposed by BYD are “controlled by the foreign partner” and reduce the partnering Indian company to a “dummy entity”

The investment proposal also includes a plan by BYD to set up charging stations in India and build research and development and training centres

The country’s domestic brands, like BYD, Nio and Xpeng Motors, are now taking on and beating established global names such as VW and Toyota at home