China's auto industry sees Tesla profit drop and BYD's new fast‑charging EV debut

Tesla's per‑vehicle profit in China fell about 40% after U.S. tariffs and a slowdown in electric‑vehicle demand, narrowing its lead over rivals such as Toyota. BYD unveiled the Qin MAX, a B‑class fast‑charging sedan positioned above the Qin L, targeting younger buyers. NIO founder Li Bin defended the company’s autonomous‑driving safety approach amid competitor claims. Hainan province became the first Chinese region to confirm a plan to ban fuel‑car sales by 2030, aiming for a 45% share of new‑energy vehicles. The State Council approved a consumption‑boost plan that includes smart‑home and next‑generation terminal upgrades. BYD’s premium brand Tengshi opened pre‑sales for the Z electric supercar starting at 680,000 yuan. A new resale‑value report placed the AITO M9 at the top of both pure‑electric and hybrid categories. Xiaomi detailed extensive road testing of its Pengcheng SUV, accumulating 626 days and 4.28 million kilometres across extreme climates. These developments illustrate a broader shift in China’s automotive sector toward electric models, higher technology integration, and tighter environmental policies.