Etiqueta: Denza

The echoes the current Chinese price war, launched to inflict pain on western producers, are rippling through the automotive industry, and BYD, the price leader, is beginning to feel the strain.

(Bloomberg) -- Chinese automaker BYD Co.’s first-quarter revenue missed estimates as aggressive price cuts across most of its lineup ate into its financial performance.Most Read from BloombergTesla Soars on Tentative China Approval for Driving SystemStocks Trade for 390 Minutes a Day. Increasingly, Only 10 MatterUS Warns ICC Action on Israel Would Hurt Cease-Fire ChancesYen Sparks Intervention Suspicion After U-Turn From 1990 LowsWhat 60,000 Headlines Say About the Fed’s Next MoveNet income rose

BYD, an automotive giant from China, looked stunning at the 2024 China Auto Show. In addition to showing off a number of its flagship models, including the luxury sedan Denza Z9GT which will compete with products from Mercedes-Benz, BYD also introduced the Ocean-M concept.

Chinese automaker BYD Co.’s first-quarter revenue missed estimates as aggressive price cuts across most of its lineup ate into margins.

China's BYD shows effects of price war with weaker profit growth

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.

(Bloomberg) -- After getting a jump on competitors in the latest round of China’s electric-vehicle price war, BYD Co. now faces a key test of proving that it can withstand the impact on profits.Most Read from BloombergMusk Makes Surprise China Visit in Search of Tesla Revenue BoostElliott Said to Have Built ‘Large’ Stake in Buffett-Favored SumitomoBHP’s $39 Billion Copper Play Was Years in the MakingBlade to Offer Luxury Bus Service to Hamptons at Fare Up to $275Trump’s Economic Confidants Battl

While we've covered the big debuts from the likes of BMW, Lamborghini, and Mini, here is a roundup of some of the other wild concepts and EVs at the event.

New concept previews rear-driven BYD Ocean-M hatchback, which is tipped to get a racey range-topper

China’s BYD is unleashing a series of new electric vehicles as it expands the brand globally. BYD unveiled two new...