A wave of Chinese EV makers are expanding in Europe amid slowing demand at home

France's revamped rules on EV subsidies include a new criteria for eligibility — the amount of carbon emitted in the making of cars, which is reportedly much higher in China

Global sales of fully electric and plug-in hybrid vehicles reached a new monthly record of 1.4 million units in November

China seems poised to the end the year on a high too, with the final two months of the year seen as seasonally high for vehicle sales

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

The Chinese electric vehicle maker said its new NEV brand symbolizes “the pursuit of the transformative rise and the exploration of digital realms”

Sales of NEVs, which include battery electric vehicles, plug-in hybrid vehicles, and fuel cell vehicles, hit 786,000 units

Japan is one of the most competitive car markets in the world and is still seen as a stronghold for fossil fuel-powered vehicles

The combined market value of BYD's stock listed in Hong Kong and Shenzhen is $87.50 billion

BYD pushed ahead of the likes of MG and Hyundai, but Elon Musk's Tesla remained far out in front

The HiPhi Z is the Shanghai company's second production car, which claims a range of 705km and acceleration from 0-100 km/h in 3.8 seconds

The move is part of BYD's international push, which has seen it open showrooms in New Zealand and Singapore as well as Norway, Brazil, Costa Rica and Colombia