Etiqueta: Europe

As the automobile industry is shifting toward electric vehicles, the two prominent EV giants BYD and Tesla are contesting head-to-head. BYD, a Chinese-based

Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.

BYD sold 377,420 EVs in March, nearing one million Q1 sales. They exported 206,084 EVs, up 111% from Q1 2024. Total EV sales exceeded 11.6 million

BYD is said to be one of the biggest enemies for leading car manufacturer, Tesla. BYD has mastered the creation of electric buses too.

Last year, BYD sold over 4.2 million cars worldwide, with over 90% of those sales occurring in China. And it doesn’t look like the company is resting on its laurels, for it has just launched its high-end Denza brand in Europe.

BYD is beginning to execute like the Japanese car companies, picking Western brands, using Western design elements, increasing quality, and retaining massive cost and price advantages.

BYD’s latest models featuring the groundbreaking charging technology cost less than the cheapest Tesla

Geely and Renault said in February they had reached an agreement for Geely to use the French automaker's production facilities in Brazil and take a minority stake in Renault's business in the Latin American country. BYD announced plans for a Mexican plant in 2023 and said last year it would announce where the factory would be located by the end of 2024.

BYD’s second brand in Europe aims high, with Z9GT and D9 models coming to the UK in the next 12 months

Brand originally set up by BYD and Daimler is launching in Europe with the 952 hp Z9 GT, a sporty wagon that looks like a Porsche Panamera