Hints and tips:
Related Special Reports
...BYD already has a bus facility in Hungary, but the company wants a fully fledged car plant to realise its ambition of dominating the European electric vehicle industry by the end of the decade....
...BYD’s plans in Brazil comes as Chinese EV and renewable energy companies aim to rapidly expand overseas....
...It already serves companies such as electric-vehicle makers BYD and Geely, and CICC wants to be the “bridge” that connects them to south-east Asia....
...BYD submitted a proposal to build a plant in India last year in partnership with an Indian company, Megha Engineering....
...Just when China’s electric car prices seemed like they could go no lower, BYD has announced one of its most aggressive rounds of price cuts yet....
...While BYD remains the dominant player in PHEVs, the company faces competition from Huawei’s Aito brand, whose M7 model is the fourth bestselling EV in China so far this year, behind two BYD models and Tesla...
...Li Yunfei, general manager of branding and public relations at BYD, said in a recent social media post that the company was starting “a grand showdown with gas cars”....
...to research company Counterpoint....
...The Shenzhen-based company, which surpassed Tesla as the world’s largest pure EV maker by sales in the fourth quarter of last year, recorded Rmb30bn ($4bn) in net profit in 2023, missing analysts’ estimates...
...Both Tesla and BYD — the world’s first and second-largest EV manufacturers — reported a strong drop in sales in the first three months of this year compared with the previous quarter....
...BYD has rejected EU accusations that the success of Chinese car companies stemmed from state aid as Brussels forges ahead with a probe into whether local subsidies were helping electric cars made in China...
...The outlook is not so different for other EV rivals, given BYD’s dominance in the local market....
...The company hopes the BYD Explorer will help with this. The ship, which was launched from China amid a riot of fireworks and dragon dances, has been engineered to be as cost-effective as possible....
...For now, Tesla and BYD, among the few sector companies to have successfully made it past break-even point, have the best potential....
...The company is scheduled to release production figures on Tuesday. At the end of the third quarter, BYD and Tesla each boasted about a 17 per cent share of the global market for fully electric cars....
...The disappointing quarter was still enough for Tesla to reclaim the crown from BYD as the world’s biggest seller of electric vehicles, after the Chinese company posted a 42 per cent fall in quarterly EV...
...BYD is among the companies that transformed the Chinese market by making low-priced EVs with official backing, and are now expanding overseas....
...And BYD, as a company, has pretty severe problems on their home turf.”...
...of Beijing-based advisory company Sino Auto Insights....
...The Austin, Texas-based company delivered a total of 1.81mn vehicles in 2023, surpassing its annual target....
...This week BYD’s first EV cargo ship departed China for Europe and the company has plans to build six further vessels....
...In the past year, the potential for disruption has grown with makers such as BYD expanding rapidly. It is on track for more than 100 dealerships in the country by next year....
...Shares in BYD have fallen this year. But they still trade at 22 times forward earnings, twice that of Toyota. This reflects the company’s long-term growth potential outside China....
...Yet experts think companies like BYD could still one day crack the US car market, even accounting for trade barriers and the rise of anti-Chinese sentiment in the US....
...That compared with the company’s 144.7 per cent profit increase in the second quarter.The Warren Buffett-backed automaker’s third-quarter earnings came in roughly the middle of its forecast range of between...
International Edition