Brazilian labor prosecutors filed a lawsuit on Tuesday against Chinese carmaker BYD, holding it responsible for human trafficking and "slavery-like conditions" for workers building a factory in its biggest market outside China.

The Chinese electric vehicle sector was rocked on Tuesday by price cuts announced by BYD Company (OTCPK:BYDDF). Notably, the price of the Seagull Smart Driving Edition hatchback dropped to 55,800 yuan ($7,

BYD has reduced the price tag of its cheapest car, the Seagull hatchback, to £5,712 - Aly Song/Reuters. BYD has slashed the price of its electric vehicles (EVs) in China as it st

Shares in Chinese automakers such as BYD, Nio and Geely tumbled on Monday after industry leader BYD offered fresh incentives on over 20 models and the CEO of Great Wall Motors warned that the world's largest auto industry was in an unhealthy state.

Tesla sold 7,261 vehicles in the European Union, European Free Trade Association, and U.K., a 49% year-over-year decline.

Chinese EV giant BYD sold more electric models than Tesla in Europe for the first time in April, as consumer interest in Elon Musk's automaker collapsed.

Chinese electric vehicle maker BYD's low-cost Dolphin Surf became its 10th model available in Europe on Wednesday, with the Berlin launch increasing pressure on European rivals to produce more affordable alternatives.

In a note Tuesday, JPMorgan analysts assessed the recent 9% drop in BYD (SZ:002594) shares, pointing to concerns about a deepening price war in China’s auto market.