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BYD to fix software in 16,666 Seagull EVs in China product recall, regulator says

BYD to fix software in 16,666 Seagull EVs in China product...

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BYD will fix software in 16,666 Seagull electric vehicles from May 20 to reduce the chance of accidents, China's market regulator said on Tuesday. The action involving some Seagull...
BYD EVs priced 3x times higher in foreign markets than in China | Team-BHP

BYD EVs priced 3x times higher in foreign markets than in...

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According to a media report, Chinese automakers are significantly raising the prices of their exported vehicles to maximise profits.The strategy, reportedly led by BYD, sees the automaker price some of ...

China auto show puts smart at centre of car wars- Republic...

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Showing off.  Smart cars ruled at this year’s Beijing auto show. BYD, Geely and peers touted everything from self-driving software to massage chairs. But on the sidelines of the show, Tesla's plans to work with Baidu on data collection and introduce its 'Full Self Driving' system in China stole the limelight. Global peers from Toyota Motor to Volkswagen are also using local partnerships to drive faster and smarter.When Chinese drivers buy a middle-of-the-range model for $30,000 or more, a “stupid car” is no longer acceptable, says Maxwell Zhou, CEO of DeepRoute.ai, which makes software for intelligent vehicles. The price point at which customers expect advanced assisted driving is falling, too, he adds.Even cheap and cheerful rides are becoming more sophisticated. On Thursday Xpeng shared plans for its new sub-brand, Mona, short for Made of New AI. The aim is to disrupt the mass market by offering cars equipped with self-developed smart-driving tech, on which the $7.7 billion outfit run by He Xiaopeng has built its reputation, for less than 150,000 yuan (around $20,000).Many of the 700 exhibitors displayed digital flourishes. Geely's Zeekr 001 can call out warnings to pedestrians - and give them a flashing thumbs up. Premium Polestar showcased smartphones that share an operating system with its cars; at the other end of the market, Dongfeng's $9,600 Nammi flaunted phone-controlled locks. Around the hall, cockpits boasted double or triple screens as standard.The country's tech juggernauts and startups are turbo-charging the trend. On the eve of the show, Huawei launched a new intelligent driving software brand, hailing 2024 as the first year for 'mass commercialisation of smart driving'. The company, whose auto unit more than doubled its sales last year to 4.7 billion yuan, says some half a million cars will be using its systems by the end of this year.Chinese brands already hold nearly 80% of the domestic market for new energy vehicles, according to a presentation from state-backed automaker Changan Automobile on Wednesday. A rapid push into smart driving and other novelties gives them an edge that could extend this lead.However, overseas rivals are forging local partnerships to avoid being left behind a second time. News of its deal with Baidu sent Tesla's stock up 15% on Monday. Japan's Toyota Motor and Nissan Motor announced cooperation with China's Tencent and Baidu, respectively. Volkswagen also touted a new intelligent driving system developed together with Xpeng. The collaboration has already helped speed up the development of new models by as much as 30%, the German company says.Such new cross-border alliances will give domestic marques a run for their money - and drive China's car wars into an intense new battle.
Premium market, EV exports likely to drive BYD's sales

Premium market, EV exports likely to drive BYD’s sales

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Chinese EV giant BYD saw weaker revenue and profit growth in the first quarter of 2024.
UBS Finds BYD COMPANY Gross Profit Margin Good; Accelerating R&D Expenditure Pressures NP Per Car

UBS Finds BYD COMPANY Gross Profit Margin Good; Accelerating R&D Expenditure...

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UBS highlighted in a research report that BYD COMPANY (01211.HK) achieved net profit of RMB4.569 billion in 1Q24, up 11% YoY, mainly driven by higher ...
M Stanley: BYD COMPANY Results in Line w/ Solid BYD ELECTRONIC

M Stanley: BYD COMPANY Results in Line w/ Solid BYD ELECTRONIC

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BYD COMPANY (01211.HK)'s quarterly results were in line with the market's latest forecasts, with operating expenses offset by improved gross p...
Jefferies: BYD COMPANY (01211.HK) 1Q24 Results in Line, but Profit Per Vehicle Weak

Jefferies: BYD COMPANY (01211.HK) 1Q24 Results in Line, but Profit Per...

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Jefferies highlighted in a research report that BYD COMPANY (01211.HK)'s revenue rose 4% YoY to RMB125 billion in 1Q24, while profit rose 11% YoY ...
Test drove the BYD Seal on Bangalore roads: Observations on comfort | Team-BHP

Test drove the BYD Seal on Bangalore roads: Observations on comfort...

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BHPian Pyrotek recently shared this with other enthusiasts.So I had the pleasure of doing a test drive of the car this morning. The area I live in gave me a chance to blast the car till 120 kph, drive ...
Price cuts for some BYD models

Price cuts for some BYD models

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BYD Auto New Zealand has confirmed significant price cuts on two of its models, claiming reductions in battery costs are