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BYD allots US$5 billion for forex derivatives trading to hedge risks from yuan volatility

BYD allots US$5 billion for forex derivatives trading to hedge risks...

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BYD, the world's largest electric vehicle (EV) maker, has earmarked US$5 billion for foreign exchange derivatives trading to reduce risks to its fast-growing global operations from the yuan's volatility amid rising geopolitical tensions. "To offset the adverse impact from wild fluctuation in exchange rates and save financial expenses, the company has decided to carry out foreign exchange hedging through derivatives trading," BYD said in a filing to the Hong Kong stock exchange on the weekend. "T
BYD Shark Set To Disrupt Global Pickup Truck Market

BYD Shark Set To Disrupt Global Pickup Truck Market

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The BYD Shark plug-in hybrid pickup truck is being exported to many countries around the world but not to the US -- yet.
BYD Türkiye CEO's remarks on custom tariffs spark debate over pricing strategy

BYD Türkiye CEO’s remarks on custom tariffs spark debate over pricing...

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BYD's EV pricing in Türkiye draws criticism over affordability, despite benefiting from tax exemptions
The World’s No. 1 EV Maker Is Chinese; It Could Stay That Way

The World’s No. 1 EV Maker Is Chinese; It Could Stay...

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China's BYD overtook Tesla as the world's leading EV builder in 2024. Some analysts say new federal policies could cement its rise.
Dürr Equips First BYD Plant in Europe With Automated Painting Technology

Dürr Equips First BYD Plant in Europe With Automated Painting Technology

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The Chinese e-vehicle manufacturer BYD Auto Company Limited is building its first car plant in Europe in Szeged, Hungary. The painting...
Dolphin Spurs BYD Sales, But Negatives Might Encourage Europeans

Dolphin Spurs BYD Sales, But Negatives Might Encourage Europeans

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BYD is cranking up sales in Europe led by the Dolphin, but this little hatchback from China’s motorway range might be eclipsed by the competition.
BYD becomes Singapore’s most popular car, after out-selling Toyota

BYD becomes Singapore’s most popular car, after out-selling Toyota

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BYD has beaten out Toyota to take the title of most popular car brand in Singapore for the first time.
BYD wagon version of Seal 06 spied ahead of launch later this year

BYD wagon version of Seal 06 spied ahead of launch later...

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A wagon version of the BYD Seal 06 has been spied. This will use BYD's DM 5.0 PHEV technology and and likely be exported to Europe.
Overseas carmakers in Korea sandwiched by influx of ultra-cheap BYD EVs

Overseas carmakers in Korea sandwiched by influx of ultra-cheap BYD EVs

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BYD Korea will ratchet up pressure on overseas carmakers here - particularly non-luxury brands with limited electric and hybrid lineups - as they are at growing risk of losing their identity as cost-effective carmakers amid the upcoming influx of ultra-cheap Chinese vehicles, experts and industry officials said Tuesday.
Chinese OEMs exported +15K zero emission buses in 2024, growing 28%

Chinese OEMs exported +15K zero emission buses in 2024, growing 28%

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China's export of new energy buses (NEBs) grew +28% in 2024 reaching 15,444 units with length over 3.5-meter, according to data...