Automundo China

BYD Company Limited (OTCMKTS:BYDDY – Get Free Report) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 81,900 shares, a growth of 35.1% from the March 15th total of 60,600 shares. Based on an average daily volume of 738,200 shares, […]

BYD Company Limited (OTCMKTS:BYDDF – Get Free Report) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totalling 1,643,900 shares, a decline of 12.5% from the March 15th total of 1,879,700 shares. Based on an average daily volume of 206,800 shares, the days-to-cover ratio […]

Allworth Financial LP boosted its position in shares of Boyd Gaming Co. (NYSE:BYD – Free Report) by 3,333.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,030 shares of the company’s stock after acquiring an additional 1,000 shares […]

A study by the Kiel Institute reveals that China outspends OECD countries on subsidies, with BYD being the primary beneficiary. BYD has received significant government assistance, amounting to billions of euros, propelling it to become a major player in the global electric vehicle market.

China has emerged as the leading global producer of electric vehicles, shocking others in the field. The reason for this surprise success was long-term investment from the Chinese Communist Party, which took a gamble in the early 2000s. With the help of generous government subsidies, the eschewing of regulations, and a fair bit of luck,

China-West EV tensions: Chinese electric vehicle (EV) manufacturer Nio's founder, William Li, emphasised the importance of openness in the EV market during a rare speech at Harvard University. His remarks come as US politicians consider further restrictions on Chinese access to the American auto market, the world's second-largest.Li praised China's rapid EV growth, attributing it to an 'open and competitive' market that welcomes products regardless of their brand or origin. He highlighted Tesla's success in China, where the company has sold 1.36 million EVs in three years, contributing to increased EV penetration and industry vitality.Despite tensions between China and the West over alleged state subsidies for Chinese EV exports, Li expressed confidence that China would maintain an open market approach. He argued that competition drives greater investment, a longer time to break even, and less margin for error, ultimately benefiting industries and promoting sustainability.The European Union is investigating Chinese EV makers like BYD, Geely, and SAIC for alleged subsidies, which could lead to tariffs. However, Chinese EVs face steep tariffs in the US market, limiting their presence. President Joe Biden is considering raising tariffs on Chinese EVs, citing concerns raised by Senators Marco Rubio and Sherrod Brown regarding national security.Nio, China's largest EV maker, is exploring the feasibility of entering the US market. In the first quarter of 2022, Nio sold 30,053 EVs in China, compared to Tesla's 132,420 vehicles. Despite the challenges, Li remains optimistic about Nio's prospects and the benefits of a competitive market.(with Reuters inputs)

The Dark Horse of the Battery Race: BYD's Unconventional Ascent yTech

Chinese electric vehicle maker Nio's founder called for openness in a rare speech in the United States, where politicians have been seeking to further restrict China's access to the world's...

EXCLUSIVE: Express.co.uk takes one of China's most hotly-tipped EV companies' cheapest offering for a spin and finds out how it compares to leading rival Tesla.