Automundo China

Chinese automaker BYD Co.’s first-quarter revenue missed estimates as aggressive price cuts across most of its lineup ate into margins.

Superior energy density could see 621 miles of emissions-free motoring

U.S. carmaker clears regulatory obstacles but timetable still unclear

Shares of Tesla (TSLA) are surging this morning after the company passed data security requirements in China, paving the way for the company's self-driving technology to possibly roll out in the country soon. The news comes amid an already packed week on Wall Street that includes earnings from Apple (AAPL), Amazon (AMZN), AMD (AMD), Paramount (PARA), McDonald's (MCD), Starbucks (SBUX), Pinterest (PINS), Qualcomm (QCOM), Etsy (ETSY), Coinbase (COIN), and Block (SQ). In addition to earnings, the Federal Reserve will announce its latest interest rate decision on Wednesday, and the April Jobs Report will be released before the bell on Friday. Yahoo Finance trending tickers include SoFi (SOFI), Baidu (BIDU), and Domino's Pizza (DPZ). Key guests included:9 a.m. ET - Scott Wren, Wells Fargo Senior Global Market Strategist9:45 a.m. ET - Brian Stelter, Author of "Network of Lies: The Epic Saga of Fox News, Donald Trump, and the Battle for American Democracy"10 a.m. ET - Jordan Jackson, J.P. Morgan Asset Management Global Market Strategist10:30 a.m. ET - Dan Niles, Niles Investment Management Founder and Portfolio Manager10:45 a.m. ET - Leland Miller, China Beige Book CEO11:30 a.m. ET - Abhi Ramesh, Misfits Market CEO11:40 a.m. ET - Anthony Noto, SoFi CEO

China's BYD shows effects of price war with weaker profit growth

Tesla and Baidu mapping deal in China.

Tesla's gain in premarket trading, driven by Elon Musk's China visit and potential partnership with Baidu, could mark a pivotal moment for the company's...

China's BYD shows effects of price war with weaker profit growth

BEIJING (Reuters) -Chinese electric vehicle (EV) maker BYD posted its weakest quarterly profit growth since 2022 on Monday while its revenue growth slowed to the lowest level in nearly four years, hit by slowing EV demand and a bruising price war in the world's largest auto market. First-quarter net profit was up 10.6% at 4.57 billion yuan ($631.08 million) while revenue grew by 4% to 124.94 billion yuan, BYD said in a stock market filing. With a brand portfolio at different price points, BYD has ramped up efforts to move upmarket while doubling down on discounts to vie for cautious consumers amid a sputtering economic recovery.