Etiqueta: BYD

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.

BYD reported net profit of RMB 4.57 billion in the first quarter, up 10.62 percent year-on-year, but down 47.33 percent from the fourth quarter of 2023.

Only a highly unlikely 50% import tariff would be enough to deter Chinese automakers from Europe, new research finds.

Only a highly unlikely 50% import tariff would be enough to deter Chinese automakers from Europe, new research finds.

S&P Global Ratings What’s Happening Why It Matters Looking Ahead Bottom Line Source: S&P Global Ratings

Photo by Michael Förtsch on Unsplash

BYD showed off its new Ocean-M concept at the ongoing Auto China in Beijing, which serves to preview a production model reportedly set to launch in the third quarter of this year. The sporty-looking hatchback […]

While Musk cancelled or 'postponed' his meeting with PM Modi, because of Tesla related of commitments, the company not only reduced the prices of the vehicles in China, but now is reportedly visiting China.

On April 28th, BYD's first outbound SkyRail was successfully delivered and will be put into operation on Line 17-Gold of the São Paulo Metro in Brazil.

The 2024 BYD Shark was a surprise no show at the Beijing motor show but the Chinese car-maker has dropped four new teases of its electrified dual-cab 4x4 ute ahead of its imminent arrival.