Etiqueta: Europe

BYD's 30% Earnings Drop: A Cautionary Tale for EV Investors?

Support CleanTechnica's work through a Substack subscription or on Stripe. Apparently, we jumped the gun a couple of days ago writing about the markets where BYD has been expanding. It’s been growing in Nepal, Malaysia, and Cambodia, and it has also begun exporting vehicles from Thailand to Europe. Now we ... [continued]

Yahoo Finance Senior Business Reporter Ines Ferré tracks Friday's top moving stocks and biggest market stories in this Market Minute. Gold (GC=F) is pushing back toward record highs. BYD (BYDDY) stock is slipping after the company reported a decline in quarterly profits. Tesla (TSLA) stock extends declines from the company's continued loss in European auto sales. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.

BYD is set to end the reign of Tesla's electric vehicle dominance with the release of a brand new model to the European market earlier this month

Year-to-date, 1,011,903 new battery-electric cars were registered, capturing 15.6% of the EU market share,  an increase from the low baseline of 12.5% in July 2024.

BYD's Surging Global Momentum: A Contrarian Opportunity as Earnings Loom

Cheaper Chinese EVs grab record share in growing market

EVs and hybrids gain traction, but China's BYD edges out Tesla for market share

Europeans are pissed at Tesla and BYD is eating its lunch.

Tesla’s sales freefall in Europe continues. The American automaker’s sales declined by 40% in July, while BYD’s increased by 225%....