BYD Co. Ltd., a leading Chinese electric vehicle manufacturer, has dismissed media reports suggesting a reduction in production, affirming that its output remains stable despite the ongoing price war in China’s EV market. Sources close to the company confirm that production levels remain steady, countering claims of reduced shifts at its factories.

Tesla is experiencing a continued decline in sales within the European market, signaling potential challenges ahead for the electric vehicle pioneer. The persistent downturn raises concerns about the company’s performance in a key region.

Tesla’s sales in Germany fell below 1,000 cars last month, signaling a significant challenge for the electric car manufacturer. This decline is the latest in a series of bad news for Tesla’s stock.