Hints and tips:
...The top shareholder is A10 Investimentos, whose co-founders are Sigma’s chief executive and its other co-chair....
...A century ago, Henry Ford reshaped how people travelled by bringing automobiles to the mass market. BYD’s Wang is following in his footsteps....
...The Shenzhen-based group, which is also one of the world’s biggest battery makers, has been one of the main beneficiaries of a bruising price war that punished European, Japanese and US carmakers....
...But its Shenzhen-listed shares are down 45 per cent from its 2022 peak, pushing valuations down to over a decade low....
...for automobile exports and deliver more . . . vehicles” to the global market, according to several Chinese media reports....
...This week’s trading update from world-leader Contemporary Amperex Technology Co. Ltd. proved those wrong. The battery group’s full-year earnings should handily beat analyst expectations....
...The Shenzhen-based company, which has become emblematic of China’s rise as a powerhouse in clean technology, said on Monday that it sold a record 526,000 of its battery-only vehicles in the quarter, helped...
...And Shenzhen-based DeepRoute.ai, which already has a US office, is now setting up one in Europe to sell its assisted driving technology for driverless cars....
...In a statement published in China, the Shenzhen-based group called itself the “world champion” for “new energy vehicles” after notching total annual sales of more than 3mn for 2023 across its vehicles —...
...A decade on, the Shenzhen-based company led by Wang Chuanfu has claimed Tesla’s crown as the biggest producer of battery-powered cars....
...In the final quarter of 2023 BYD, the Shenzhen-based company backed by Warren Buffett’s Berkshire Hathaway group, outsold Tesla for the first time, sending a powerful warning signal to the global auto industry...
...BYD’s main listing on the Shenzhen stock exchange was steady on Friday morning, down 1 per cent compared with a gain of 0.7 per cent for the country’s CSI 300 index....
...In the first two months of the year, the Shenzhen-based group sold more than five times the number of units that Tesla did in China....
...HSBC’s board, as well as shareholder advisers Glass Lewis and Institutional Shareholder Services, have urged investors to vote against the proposals....
...The Shenzhen-based carmaker, the best-selling electric vehicle brand last year with a record 1.86mn cars, claims the U9 sports car can go from nought to 62mph (100kmh) in just two seconds and the U8 SUV...
...An executive with the Shenzhen-based group, whose investors include Warren Buffett, said the company might also expand its Indian production base after 2025 if demand for its vehicles warranted it....
...Chinese new energy car sales rose 94 per cent year on year to 708,000 units in September, according to the China Association of Automobile Manufacturers....
...The company also makes everything in its vehicles except the tyres and glass, preventing it from falling into the same supply chain trap that has snared most other manufacturers....
...BYD, the Shenzhen-based rival to Elon 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...
...BYD’s success has propelled the Shenzhen-based company, still little-known outside China, to the front lines of a battle for survival among carmakers as more of the world’s vehicles are electrified and automated...
...Shenzhen-based BYD sold 641,000 vehicles in the first six months of the year, a more than 300 per cent jump from the same period a year earlier, according to company filings....
...BYD, however, was less affected because most of its production is in the southern Shenzhen region....
...The Shenzhen government ordered the company to improve its exhaust emissions as far back as late 2016....
...But following the announcement of the pollution probe over the weekend, its Shenzhen-listed shares closed down 3.86 per cent on Monday....
...Costs at the pump are averaging $4.33 a gallon, up from $3.49 a month ago, according to the American Automobile Association....
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