At its May 23 shareholders’ meeting, Foxtron Chairman Young Liu reiterated the company’s goal of achieving profitability by 2029. While still in the red, Liu highlighted the firm’s increasingly comprehensive EV portfolio and expanding partner network as growth catalysts. He added that Foxtron will pursue new collaborations through a variety of strategic engagement models.
China’s EV giant BYD has overtaken Tesla in monthly sales across Europe for the first time, marking a pivotal shift in the region’s automotive landscape and highlighting the growing clout of Chinese automakers on the global stage.