The post-election euphoria that sent$Tesla (TSLA.US)$shares surging nearly 100% in late 2024 has vanished. Since peaking at 479.86 in December, Tesla's stock has plummeted almost 40%, wiping out $100 billion from Elon Musk's net worth. President Trump's decision to pause auto tariffs for Canadian and Mexican imports—a move that buoyed$Ford Motor (F.US)$,$General Motors (GM.US)$, and$Stellantis NV (STLA.US)$— has lef...
$BYD COMPANY (01211.HK)$$BYD Company ADR (BYDDY.US)$ BYD's new energy vehicle (NEV) sales rebounded in Feb, as the impact of the Chinese New Year holiday eased. The NEV maker sold 322,846 NEVs in Feb, up 163.95% from 122,311 in the same month last year and up 7.42% from 300,538 in Jan, according to figures it released. The beginning of each year is usually a slow period for China's auto industry, especially the months where the ...
$BYD COMPANY (01211.HK)$$BYD Company ADR (BYDDY.US)$ While Tesla's sales plunged in Europe in Feb, BYD sales rebounded 8.9% from Jan to 322,846 vehicles globally in Feb, as the Chinese New Year holiday is over. The Shenzhen-based automaker exported a record-breaking 67,025 vehicles, up 187.8% year-over-year. Company overseas sales have grown for the third consecutive month since Nov, when it exported 30,977 units. To fuel its ...
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The surge in BYD sales can be partially attributed to the arrival of the BYD Atto 2 compact electric crossover in Europe, which combines BYD's Blade battery tech and e-Platform 3.0 vehicle architecture into a popular B-segment body. The Atto features an 8.8″ driver display, Apple CarPlay and Android Auto support, a panoramic sunroof, ergonomic seats, and an advanced driving assistance system (ADAS) at a not insignificant savings compared to direct competitors like the Volvo EX30.
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BYD's aggressive pricing is forcing competitors to "make desperate moves," in some markets – up to and including massive price cuts, like the nearly USD20,000 Volkswagen slashed from the ID.4's price in a bid to keep up. At the same time, the company's massive investment in logistics infrastructure, which includes a number of high-efficiency transport ships, mean BYD sales are just getting started.
Happy Tuesday investors, though the tradition of saying happy is wearing thin. The trade war began Tuesday, and the market fell as battle lines are drawn. Tonight, the President of the United States will make an address to Congress, and is likely to tout his victories firing Fed workers while the market falls. A massive sign of negativity came out overnight, something it will be hard for Trump to talk over-- before we...
$BYD COMPANY (01211.HK)$$BYD Company ADR (BYDDY.US)$ BYD has pledged to work with Tesla to combat petrol cars, while insisting that Beijing was "more open" to foreign business than the West. "Our common enemy is the internal combustion engine car. We need to work together . . . to make the industry change," said BYD's executive vice-president Stella Li in an interview with the Financial Times. Despite her comments, the two carmakers are vyi...
President Trump's decision to pause auto tariffs for Canadian and Mexican imports—a move that buoyed $Ford Motor (F.US)$, $General Motors (GM.US)$, and $Stellantis NV (STLA.US)$ — has lef...
BYD's new energy vehicle (NEV) sales rebounded in Feb, as the impact of the Chinese New Year holiday eased.
The NEV maker sold 322,846 NEVs in Feb, up 163.95% from 122,311 in the same month last year and up 7.42% from 300,538 in Jan, according to figures it released.
The beginning of each year is usually a slow period for China's auto industry, especially the months where the ...
While Tesla's sales plunged in Europe in Feb, BYD sales rebounded 8.9% from Jan to 322,846 vehicles globally in Feb, as the Chinese New Year holiday is over. The Shenzhen-based automaker exported a record-breaking 67,025 vehicles, up 187.8% year-over-year.
Company overseas sales have grown for the third consecutive month since Nov, when it exported 30,977 units.
To fuel its ...
$BYD COMPANY (01211.HK)$
A massive sign of negativity came out overnight, something it will be hard for Trump to talk over-- before we...
BYD has pledged to work with Tesla to combat petrol cars, while insisting that Beijing was "more open" to foreign business than the West.
"Our common enemy is the internal combustion engine car. We need to work together . . . to make the industry change," said BYD's executive vice-president Stella Li in an interview with the Financial Times.
Despite her comments, the two carmakers are vyi...
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