Automundo China
Musk plans stock option grants to Tesla’s high-performers, sources say
Tesla CEO Elon Musk told employees on Monday that the electric vehicle maker is working on stock-based compensation for high-performing employees, according to two people who reviewed an internal memo.
Spike in used EV searches at start of Euro 24 tournament
Chinese electric vehicle (EV) manufacturer BYD has made a notable impact as an official partner of the Euro 2024 tournament,
Berkshire Hathaway reduces stake in Chinese EV maker BYD
Berkshire Hathaway, managed by Warren Buffett, has cut its stakes in Chinese EV firm BYD even though the company trumped Tesla to become the biggest global producer of EVs last year. On Monday, the company’s filing with the Hong Kong stock exchange revealed that Berkshire Hathaway disposed 1.3 million to purchase Hong Kong-listed BYD shares for HK$310. It raised 65 billion yen which is approximately 5 million of US dollar, which is equivalent to 39.8 million US dollars. From this transaction, the ownership of Berkshire in BYD’s H-shares reduced from 7.02% to 6.90%.
China EV registrations in W24: Xiaomi 2,500, Nio 3,400, Tesla 11,700,...
In week 24 of the year (June 10 – 16), the China EV market had mixed signals. Xiaomi sales increased by 20% compared with the week before, and BYD was also up nearly 10%. Tesla was down 3%, as well as Nio, which was down also 3%. Li Auto publishes the weekly sales data, which […]
The post China EV registrations in W24: Xiaomi 2,500, Nio 3,400, Tesla 11,700, BYD 57,200 appeared first on CarNewsChina.com.
China EV maker BYD’s expected entry into Korea likely to heat...
The expected entry of China's BYD Auto into the Korean consumer electric vehicle (EV) market this year will likely intensify competition within the low-cost segment of the market, which globally has seen a stagnation in growth as of late due to the so-called EV adoption chasm, according to industry watchers Tuesday.
China targets Europe’s farmers, and not its automakers, in response to...
BEIJING (AP) — The Chinese government is taking aim at European farmers instead of German automakers by launching an investigation into European Union pork imports, just days after the EU said it plans to impose provisional tariffs on China-made electric vehicles. The Commerce Ministry didn’t mention the EV tariffs when it announced Monday that it […]
Berkshire Slows Pace of BYD Share Selling Amid Stock’s Rebound
(Bloomberg) -- Warren Buffett-led Berkshire Hathaway Inc.’s pace of selling BYD Co.’s shares has slowed, possibly reflecting a gradual recovery in investors’ sentiment toward Chinese electric vehicles.Most Read from BloombergFlesh-Eating Bacteria That Can Kill in Two Days Spreads in JapanS&P 500 Hits 30th Record of 2024 as Megacaps Rally: Markets WrapThese Are the World’s Most Expensive Cities for Expats in 2024Hedge Funds’ Secret Weapon to Fight the SEC Lives in TexasHow the US Mopped Up a Thir
China EV maker BYD’s expected entry into S. Korea likely to...
By Chang Dong-woo SEOUL, June 18 (Yonhap) -- The expected entry of China's BYD Auto...
China EV insurance registrations for week ending Jun 16: Nio 3,400,...
Xpeng had 2,100 insurance registrations last week, Zeekr 4,100 and Leapmotor 3,400.
BYD: China’s electric vehicle powerhouse charges into Europe
Threat of EU tariffs may not be enough to slow carmaker in its attempt to challenge Tesla on global stage
