Etiqueta: EV

A new Chinese regulatory policy on the supply of rare earth magnets, which came into effect on April 4, requires exporters to obtain licences and submit detailed end-use documentation to ensure the materials are not used for military or restricted purposes

Leading global plugin car brand BYD has announced fresh plans to deploy 15,000 megawatt charging stations across China.

(Bloomberg) -- BYD Co. shares fell, bringing losses over the past week to more than 17%, on concern that its price cuts are drawing government scrutiny and becoming unsustainable for the Chinese EV industry.Most Read from BloombergBillionaire Steve Cohen Wants NY to Expand Taxpayer-Backed FerryWhere the Wild Children’s Museums AreThe Economic Benefits of Paying Workers to MoveNow With Colorful Blocks, Tirana’s Pyramid Represents a Changing AlbaniaNYC Congestion Toll Brings In $216 Million in Fir

BYD faces backlash for aggressive discounts in domestic EV market as Chinese officials warn of damage to supply chains and reputation.

BYD Co. shares continued their plunge despite monthly sales climbing to the highest this year as the steep discounts the industry uses to entice buyers draws scrutiny from Beijing.

BYD Company Limited (OTCPK:BYDDF) (OTCPK:BYDDY) announced that sales volume for the month of May grew 15% Y/Y to 382,476. May production volume increased 1.7% Y/Y to 349,824. New energy vehicle sales for May were 382,476, of which 376,930 were passenger vehicles. Sales for BYD battery electric vehicles rose to 204,369 in May from 146,395 a year-ago...

BYD sold more cars in May than any other month this year, racking up 382,476 vehicle sales after cutting prices by as much as 34% in the final days of the month, according to a company statement Sunday. Out of the total, 376,930 were passenger vehicles. 204,369 were fully electric, while 172,561 were plug-in hybrids […]

The Song family, Seagull, and Qin family were the top three BYD lineups in terms of sales in May.