Etiqueta: Car sales

BYD (BYDDY) stock fell 5% in September as Japan EV sales disappoint and Berkshire Hathaway exits its 15-year stake, raising investor concerns.

The official local agent of the Chinese electric vehicle manufacturer BYD in Sri Lanka on Sunday advertised a plug-in hybrid version instead of a full EV that

The analyst noted that the company’s slow growth highlights the loyalty of Japanese buyers to domestic brands and hybrids.

It's never ideal to hear that the world's most famous investor sold his stake of a company, but should investors follow?

It's never ideal to hear that the world's most famous investor sold his stake of a company, but should investors follow?

August sales figures are in and BYD outsold Tesla in Europe for the second month in a row as the US company continues to struggle.

China's EV maker takes a slight lead in the EU market

On Thursday, data from the ACEA showed that BYD sold three times as many new cars in Europe, surpassing Tesla for the second month in a row.

STORY: Chinese EV maker BYD outsold Tesla in the EU for the second month in a row. Data showed BYD sold three times as many cars to the bloc in August than in the same month last year. Stellantis also had buoyant results, returning to sales growth in Europe for the first time in over a year.That’s as the overall market expanded with a boost from plug-in hybrid and battery-electric sales.Europe's battered car industry faces a number of challenges.This includes U.S. import tariffs and competition from China. As well as difficulties in meeting domestic regulations for EV adoption in a way that yields profit. Carmakers have ramped up PHEV sales to comply with emission standards, with more affordable and more profitable cars than pure EVs. Chinese brands have also used the technology to minimize the impact of EU tariffs on Chinese-made EVs.As well as to win over China-skeptic European drivers.And with BYD’s sales up over 200% in August, it took 1.3% of the market.Whereas EU sales for Elon Musk's Tesla dropped 36.6%, squeezing its market share to 1.2% from 2% a year ago.And as total EU car sales rose last month, the registration of hybrid and electric vehicles rose to over 62% in the bloc.

Overall car registrations in the EU rose 5.3% as buyers continued shifting toward electrified vehicles, which made up more than 62% of the market.