Hints and tips:
...The world’s biggest electric vehicle producer said net profit rose 81 per cent to Rmb30bn ($4.16bn) in the 12 months to the end of December, compared with analyst estimates of Rmb31bn, as the Warren Buffett-backed...
...The company, backed by Warren Buffett, overtook Tesla in EV sales during the final quarter of 2023, when it shifted 526,409 electric vehicles compared to 484,507 sold by Tesla between October and December...
...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...
...and Hong Kong, is one of China’s fastest-growing electric vehicle companies and is considered by analysts to be a potential future challenger to Tesla and its Chinese competitor BYD, which is backed by Warren...
...The Warren Buffett-backed BYD, the world’s biggest seller of battery electric cars and hybrid plug-ins, saw its Hong Kong-listed shares fall 1.69 per cent....
...While some of China’s carmakers are becoming household names, such as Warren Buffett-backed BYD, hundreds of others that proliferated during an investment boom over the past decade now face an uncertain...
...BYD said on Monday that net income rose 205 per cent to Rmb10.95bn ($1.5bn) in the six months to the end of June as the Warren Buffett-backed group cemented its dominance over the market for plug-in hybrid...
...Shares in Chinese carmakers fell on Thursday, with Warren Buffett-backed BYD, the world’s biggest seller of battery electric cars and hybrid plug-ins, down 1.4 per cent in Hong Kong....
...Additional reporting by Gloria Li in Hong Kong...
...Until recently, the company accounted for 20 per cent of cars sold in China but it is falling behind in the fast-growing electric segment as local rivals such as Xpeng and Warren Buffett-backed BYD take...
...Additional reporting by Gloria Li in Hong Kong and Peter Campbell in London...
...Tesla and Warren Buffett-backed BYD have been the chief beneficiaries, boosting sales at the expense of a clutch of smaller rivals and some foreign brands....
...However, Tesla’s decision to slash prices in China late last year was the opening salvo in a price war that has intensified competition, especially with local rival BYD, a Shenzhen-based group backed by Warren...
...Warren Buffett-backed BYD sold more than three times the number of units than Tesla did in China in the first quarter of the year....
...Tesla rival BYD has reported a more than fivefold jump in net income for the first quarter as the Warren Buffett-backed Chinese group shook off a rabid price war and slower sales growth that hit foreign...
...So far this year, Chinese carmakers, led by Warren Buffett-backed BYD, have made eight of the 10 top-selling models in the EV segment in China....
...The company, backed by US investor Warren Buffett, has been name-checked by former Volkswagen chief executive Herbert Diess as the carmaker that the German juggernaut should fear the most....
...Tesla’s move to slash prices in China has backfired as Elon Musk’s company loses market share to Warren Buffett-backed BYD, putting Chinese carmakers on track to sell more passenger vehicles than their foreign...
...Additional reporting by Gloria Li in Hong Kong and Peter Campbell in Munich...
...The Warren Buffett-backed group is hoping its Yangwang U8 sport utility vehicle and the U9 sports car will give it an extra edge as it steps up efforts to become a global carmaker....
...Meanwhile, competition for the country’s high-end EV segment has intensified as Shenzhen-based BYD, a Warren Buffett-backed Tesla rival, on Thursday unveiled the first two models of its premium Yangwang...
...The Warren Buffett-backed group’s third-quarter net profit of Rmb5.7bn ($786mn) smashed its previous record of Rmb2.8bn set in the second quarter of this year....
...China-based, Warren Buffett-backed BYD said on Monday that the company’s net profit is projected to quadruple in the third quarter, as it maintains growth momentum after surpassing Tesla as the world’s largest...
...Musk’s Tesla, has unveiled plans to take on the European car market, as the electric carmaker embarks on an aggressive global expansion despite coming under pressure from a potential exit by shareholder Warren...
...Warren Buffett’s Berkshire Hathaway has backed the company although it has trimmed its stake in the automaker from 20.04 per cent to 18.87 per cent since late August, sending BYD’s shares down more than...
International Edition