Etiqueta: Elon Musk

BYD plans to open a $1 billion factory in Turkey that is expected to begin production by the end of 2026.

Chinese BYD that overtook Elon Musk's Tesla in the fourth quarter of 2023 to become the world's top seller of electric vehicles plans to build a $1 billion plant in Türkiye, according to media reports.

BANGKOK (AFP) – China’s electric vehicle giant BYD opened a factory in Thailand on Thursday, continuing its international expansion despite a market slowdown and hours before the European Union was due to impose swingeing tariffs on Chinese EV firms. The plant in Rayong, an industrial area southeast of Bangkok, will be able to build up […]

China's electric vehicle giant BYD opened a factory in Thailand on Thursday, continuing its international expansion despite a market slowdown and hours before the European Union was due to impose swingeing…

It remains to be seen if it has the staying power to take lead

BYD Company Limited (BYDDF) is close to surpassing Tesla (TSLA) in pure EV sales in Q2. Find out which stock is a buy.

BYD (BYDDF) has benefited from the shift in growth momentum to plug-in hybrids, expanding its market opportunity. See why I maintain my buy rating on the stock.

STORY: China's BYD saw sales accelerate by just over a fifth in the second-quarter. It helped the electric vehicle maker close the gap with rival Tesla for the title of world's top EV...

Experts say price cuts and a shift in consumer preference from gasoline-powered vehicles to EVs are driving strong sales for Chinese EV makers.

The BYD bet turned out to be one of Berkshire's best, with its value ballooning to $8 billion at BYD's peak as the EV market exploded.