Brazil Sues EV Giant BYD Over ‘Slavery' Conditions at Plant
The lawsuit describes 'degrading' conditions at facilities in Bahia maintained by BYD, China JinJiang Construction Brazil and Tonghe Equipamentos Inteligentes do Brasil Co. — currently named Tecmonta Equipamentos Inteligentes Brasil Co. It also alleges irregularities with the visas used to bring the workers into Brazil and the confiscation of their passports.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
BMW Just Declared War on Tesla -- And It Starts With This One SUV
BMW's long game to retake the EV crown just got real. The German automaker is rolling out its all-new iX3 SUV the first in its Neue Klasse lineup with plans to flood the market with 40 models built on a brand-new electric-first platform. It's the biggest product revamp in the company's 109-year history. What's on offer? Up to 800km of range, 400kW max charging, and in-house supercomputers that could power everything from climate control to autonomous driving all baked into a sleek SUV aimed straight at Tesla (NASDAQ:TSLA). Production kicks off in Hungary this year, with BMW's Munich plant set to go all-electric by 2027. CEO Oliver Zipse is betting this new class will redefine premium EV performance and investors are paying attention. Switch Auto Insurance and Save Today! The Insurance Savings You Expect Affordable Auto Insurance, Customized for You Great Rates and Award-Winning Service Warning! GuruFocus has detected 6 Warning Sign with CYATY. But this isn't just a tech flex. BMW is launching Neue Klasse into a brutally competitive China market, where its EV sales are sliding and local giants like BYD (BYDDF) and Xiaomi are undercutting prices with feature-rich models. To stay in the game, BMW is integrating local platforms like WeChat, debuting AI copilots via a DeepSeek partnership, and pushing innovation to the front of the product line. Zipse isn't sugarcoating the challenge. Some segments, he says, may not be profitable and BMW could walk. But with a flexible architecture built for combustion, hybrid, and electric, the company isn't going all-in on EVs just yet. Instead, it's threading the needle: cutting costs, scaling tech, and preserving margin where it counts. There's another twist. As President Trump rolls back emissions regulations and zero-emission mandates, Tesla's long-standing edge in regulatory credits could take a hit. Zipse didn't call Musk out by name but he made the contrast clear. BMW, he said, wants customers to enjoy their cars without having to justify their choice. And that choice now includes an EV that's being praised by early reviewers as smoother than a Rolls. It's too early to call the Neue Klasse rollout a comeback but if BMW's iX3 delivers on both product and margin, it could force a serious rethink in the EV pecking order. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10 hours ago
- Yahoo
Tesla's July China-made EV sales fall 8.4%
BEIJING (Reuters) -Tesla's sales of China-made electric vehicles in July fell 8.4% from a year earlier, reversing a mild increase in June, in the face of rising competition from rivals offering lower-priced new models. Deliveries of Tesla's China-made Model 3 and Model Y vehicles, including exports to Europe and other markets, reached 67,886 units last month, down 5.2% from June, data from the China Passenger Car Association showed on Monday. Its biggest Chinese rival BYD, with its Ocean and Dynasty lineups of EVs and plug-in hybrids, maintained almost flat global passenger car sales at 341,300 vehicles in July.
Business Upturn
13 hours ago
- Business Upturn
Adani Group denies reports of tie-up with BYD and Beijing Welion
The Adani Group has strongly refuted a Bloomberg report published on August 4, 2025, which claimed the conglomerate was in advanced talks with China's BYD for a strategic partnership to boost battery manufacturing in India. According to Bloomberg, the proposed collaboration aimed at setting up gigafactories and advanced energy storage solutions using BYD's LFP and Blade battery technologies. The report suggested that the deal could take the form of a joint venture or a technology-sharing agreement, aligning with Adani's broader push into electric mobility and renewables. Bloomberg also highlighted ongoing geopolitical tensions, stating that any such tie-up would likely face government scrutiny in India due to increased foreign direct investment (FDI) restrictions on Chinese firms. BYD executives were reportedly encountering visa hurdles, which added further complexity to the potential deal. However, Adani Group has categorically denied these claims. In a sharp rebuttal, the company called the report 'baseless, inaccurate, and misleading,' stating that no collaboration—either with BYD or Beijing Welion New Energy Technology—is being considered or discussed. 'The Adani Group is not exploring any form of partnership with BYD for battery manufacturing in India. Similarly, we are not engaged in any discussions with Beijing Welion New Energy Technology,' the group clarified in an official statement. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
