Etiqueta: BYD

A strong sales forecast and new product rollouts have helped BYD shares stage an epic rebound in recent months.

Chinese electric vehicle (EV) manufacturer BYD has made a notable impact as an official partner of the Euro 2024 tournament,

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%.

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.

(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

By Chang Dong-woo SEOUL, June 18 (Yonhap) -- The expected entry of China's BYD Auto...

BYD is replacing Volkswagen as the official e-mobility partner of UEFA Euro 2024, signifying the increasing prominence of Chinese businesses on the international stage.

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US equities (^GSPC, ^DJI, ^IXIC) have rallied in the past few months, with some questioning whether "American exceptionalism" is driving this market activity. Outgoing Boeing (BA) CEO Dave Calhoun will testify before a US Senate panel on June 18 to address safety concerns about the Boeing 737 MAX. Warren Buffett's Berkshire Hathaway (BRK-A, BRK-B) is cutting its stake in Chinese EV maker BYD (BYDDY,1211.HK), selling nearly $40 million of its stock. The Biden administration is pushing back against former President Trump's plan to replace income taxes with tariffs. Meanwhile, US Treasury Secretary Janet Yellen has warned that the tariffs could make life even more unaffordable for American consumers. For more expert insight and the latest market action, click here.

BYD’s Australian importer has declared itself ready and able to withstand the pressure of more than a dozen new Chinese brands arriving in Australia keen to emulate its sales and steal away its market share.