BYD Tag

03 Apr Tesla knocks BYD off its perch as world’s largest pure EV makers struggle to win new customers in China’s shrinking market

Posted at 07:54h in Asia

Tesla regained its crown as the world’s biggest seller of pure electric vehicles (EVs) in the first quarter, as Huawei Technologies and other start-ups snapped at the heels of the market leader BYD, driving the industry into a ferocious price war in China.Deliveries by the...

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01 Apr Chinese carmakers Li Auto, Nio, Xpeng and BYD report March sales rebound, but ‘difficulties are looming’ as competition intensifies in world’s largest EV market

Posted at 12:30h in Asia

Li Auto, Nio and Xpeng, China’s top three premium electric-vehicle (EV) manufacturers, have reported a strong rebound in deliveries in March, after their promotional activities attracted thousands of buyers. BYD, the world’s largest EV maker, said the sales of its pure electric and plug-in hybrids...

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01 Apr Tesla raises price of its Shanghai-made Model Y electric car, shrugging off price war squeezing its rivals in China

Posted at 04:40h in Asia

Tesla raised the price of its Shanghai-made Model Y cars on Monday, bucking the trend set by a discount war that is squeezing the profit margins of most of its rivals in China, the world’s largest electric vehicle (EV) market.The basic Model Y is now...

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29 Mar Smartphone maker Xiaomi makes waves in crowded EV market with its keenly-priced SU7 model

Posted at 11:30h in Asia

Xiaomi has got off to a racing start in the country’s crowded electric vehicle (EV) market, after saying it sold around 50,000 vehicles within half an hour of the launch of its new model, the SU7.The Chinese smartphone and gadget maker, which has been competing...

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28 Mar BYD chairman Wang Chuanfu expects sales growth to slow in 2024, banks on export surge to shore up profitability

Posted at 13:00h in Asia

BYD, the world’s largest electric-vehicle (EV) maker, is targeting a 20 per cent increase in sales this year, just a third of last year’s tally, as overcapacity concerns and a price war loom over the sector in mainland China.Wang Chuanfu, the Shenzhen-based carmaker’s chairman and...

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26 Mar BYD’s annual earnings surge 81% to all-time high on record EV deliveries, warns of weak consumer demand and global headwinds

Posted at 14:15h in Asia

The Shenzhen-based carmaker, which counts Warren Buffett’s Berkshire Hathaway among its shareholders, said revenue climbed 42 per cent to 602.3 billion yuan in 2023 following record deliveries of new energy vehicles (NEVs). These include pure battery-run EVs, plug-in hybrids and fuel-cell vehicles.Apple’s Tim Cook and...

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26 Mar Xpeng, BYD executives say Greater Bay Area firms’ expertise in smart tech, superfast battery charging will drive EV growth in China

Posted at 12:00h in Asia

Almost all EVs will be equipped with smart driving technologies such as autonomous parking and navigation systems by 2029, he said. And by that time, battery-powered vehicles will dominate car sales and superfast charging technology will have greatly shortened the time required for charging EVs,...

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26 Mar China’s economy remains resilient with powerful underlying strengths and long term opportunities, say Hong Kong officials, UBS’s Ermotti

Posted at 11:13h in Asia

China’s economy remains resilient despite facing a multitude of headwinds, and global investors should focus on long term opportunities and take advantage of Hong Kong’s role as a “superconnector,” according to government officials and corporate executives.“Hong Kong is the only city in the world where...

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21 Mar Apple CEO Tim Cook meets BYD, other key mainland suppliers in Shanghai as US tech giant opens 57th China store

Posted at 13:00h in Asia

At Apple’s office in Shanghai, Cook on Wednesday met two billionaire company founders: Wang Chuanfu, the chairman and chief executive of the world’s largest electric vehicle maker BYD, and Zhou Qunfei, the chairwoman and chief executive of touch screen manufacturer Lens Technology.Also present at the...

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20 Mar Apple CEO Tim Cook goes on a charm offensive in China amid weak iPhone sales in the world’s largest smartphone market

Posted at 14:00h in Asia

Apple chief executive Tim Cook on Wednesday met Chinese video game developers, a filmmaker and the billionaire founder of BYD in Shanghai, ahead of the company’s new store opening in the city, as the US tech giant goes on a charm offensive amid weak iPhone...

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