Etiqueta: Denza

Quarterly results suggested BYD still pulled ahead of Tesla

Chinese electric vehicle maker BYD has issued a recall for 16,666 Seagull electric vehicles produced between April and May 2023. Some of the vehicles have issues with camera driver software which could lead the reversing screen display to fail. This can consequently affect the driver's field of vision and increase the probability of accidents, as per China's market regulator.

Themed

Xpeng had 2,700 insurance registrations last week, Li Auto 7,060, Zeekr 5,000 and Xiaomi 1,670.

The 2024 China Auto Show (Beijing Auto Show) automotive exhibition is filled with car manufacturers showing off their model advantages.

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.