Etiqueta: EV

The e:NP2 is now on sale from GAC Honda Automobile

BYD, already the world’s largest EV producer, is moving into Brazil, further consolidating its conquest of EV markets in the Global South.

The e:NS2 will be sold by Dongfeng Honda from June 2024

Chinese automaker BYD Co.’s first-quarter revenue missed estimates as aggressive price cuts across most of its lineup ate into margins.

China's BYD shows effects of price war with weaker profit growth

BEIJING (Reuters) -Chinese electric vehicle (EV) maker BYD posted its weakest quarterly profit growth since 2022 on Monday while its revenue growth slowed to the lowest level in nearly four years, hit by slowing EV demand and a bruising price war in the world's largest auto market. First-quarter net profit was up 10.6% at 4.57 billion yuan ($631.08 million) while revenue grew by 4% to 124.94 billion yuan, BYD said in a stock market filing. With a brand portfolio at different price points, BYD has ramped up efforts to move upmarket while doubling down on discounts to vie for cautious consumers amid a sputtering economic recovery.

Only a highly unlikely 50% import tariff would be enough to deter Chinese automakers from Europe, new research finds.

Only a highly unlikely 50% import tariff would be enough to deter Chinese automakers from Europe, new research finds.

S&P Global Ratings What’s Happening Why It Matters Looking Ahead Bottom Line Source: S&P Global Ratings