Etiqueta: Europe

In July 2024, BYD achieved a significant milestone by setting a new record for new energy vehicle (NEV) sales. The company sold 342,383 NEVs, marking a robust 30% increase from the previous year. This impressive performance underscores BYD’s growing dominance in the global electric vehicle market. However, as BYD seeks to broaden its reach into the...

Given BYD's aggressive expansion, strong sales momentum, and continuous innovation in battery technology, AI-driven models forecast a realistic stock price target of $70 to $75 by the end of 2024.

Tariffs on Chinese electric vehicles (EV) will likely boost investments in new European factories, which is good news but could also undermine Europe’s industrial base, to address this challenge the EU needs to strengthen and unify its investment rules, writes Tobias Gehrke.

Chinese automaker BYD set a new sales record in July, and plans to sell cars in Canada despite expected 100% tariffs, on top of already selling in Mexico.

Blocked from the United States, Chinese EV makers set their sights on Southeast Asia. A Chinese automaker already surpassed Tesla as the world's biggest seller of electric vehicles.

Uber and BYD Agree Global BEV Ride-Hail Agreement

Companies also agree to collaborate on future BYD autonomous-capable vehicles to be deployed on the Uber platform.

BYD, China's leading electric vehicle (EV) maker, and Uber unveiled a multi-year strategic partnership on Wednesday, planning to integrate 100,000 new BYD EVs into the US ride-hailing giant's global fleet and collaborate on future BYD vehicles with autonomous capabilities, according to an announcement released by BYD on Thursday.

BYD set a new sales record last month with over 342,000 new energy vehicles (NEVs) sold. Although BYD’s EV sales...