002594 BYD Company Limited
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BYD Company Limited News
Express News | China's EV Maker BYD Launches First Model Equipped With Lidar - Statement
Byd Company (01211.HK) plans to hold a board of directors meeting on August 28 to approve its interim performance.
BYD Company (01211.HK) announced that the board of directors has set August 28, 2024 (Wednesday) as the date for the board of directors meeting to consider and approve (including) the mid-term performance of the company for the six months ended June 30, 2024, and its release, as well as other matters to be dealt with (if any).
NOTICE OF BOARD MEETING
[Brokerage Focus] CMB International points out that terminal discounts in the Chinese automotive industry are still expanding.
Golden Money News | CMB International stated that based on its calculation, the average terminal discount of the entire Chinese automotive industry in July increased by 0.7% compared to the previous month, and the discount expansion rate was faster than that of June. Different from the nominal discount increase of the 2Q24 industry mainly driven by German and Japanese brands, the increase in July discounts is mainly due to domestic and Japanese brands. Although some German brands claim to withdraw from price wars in the second half of the year, the bank notes that Chinese domestic brands, especially new energy brands that value market share, still have the motivation to increase terminal discounts. The deepening competition may make the efforts of foreign brands to recover discounts almost negligible.
BYD Opens 1st Dealership Store in Poland
In the first half of the year, the global installed capacity of power batteries was about 346.5 GWh, a year-on-year increase of 15%.
In the first half of 2024, the sales of new energy autos worldwide is about 6.836 million, which increased by 16% compared to the previous year, driving the global power battery installed capacity to about 346.5GWh, an increase of 15% year-on-year.
In July, the sales of electric vehicles reached 0.879 million units, an increase of 37% year-on-year, according to the Passenger Car Association.
From July 1st to 31st, the retail sales of new energy passenger vehicles reached 0.879 million, an increase of 37% compared to the same period last year and an increase of 3% compared to the same period last month. Cumulative retail sales from the beginning of the year reached 4.991 million, a year-on-year increase of 34%.
Hyundai to Invest $28M in Thailand for EV Assembly and Batteries
China EV Makers Look Well-Placed for Overseas Expansion, HSBC Says -- Market Talk
Global EV Battery Market Share in H1 2024: CATL 37.8%, BYD 15.8%
BYD Brings Compact SUV Yuan Up to Chile
Uber Surpasses Estimates And Shares Autonomous Vehicle Optimism
Uber Drivers Switch to EVs at Five Times the Rate of Other Drivers -- Market Talk
BYD to Launch 2 New Models in Seal Lineup on Aug 8
Chinese EV Makers Spent Up To 29% Of Q1 Revenue On R&D, Leaving Elon Musk's Tesla In The Rearview Mirror, But Rivian And Lucid Spent Even More
Express News | Appetite for Fdi in Turkey Boosted by Rating Upgrades, Turkey's Removal From Financial Action Task Force's 'grey List', Daglioglu Says
Express News | Turkey in Talks With Chinese Manufacturers for Vehicle Factory Investments Worth at Least $1 Billion Each, Daglioglu Says
Express News | Turkey Expects to Attract $12-14 Bln in Fdi This Year, Rising to $15-20 Bln by 2028, Investment Office Head Daglioglu Says
Tesla Registrations In UK Dip 13% Till July End While Warren Buffett-Backed BYD, MG Motor Register Growth
What are the advantages of China's electric cars in terms of cost? This Wall Street investment bank has done the math.
Barclays pointed out that factors such as battery, supply chain, and economies of scale provide Chinese automakers with up to 40% cost advantage, with BYD Qin Plus gross margin reaching 18%. Benefiting from China's cost advantage, the gross margin of the domestic Tesla Model Y is as high as 24%, about twice that of the overseas version.
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