Etiqueta: Export

BYD (SEHK:1211) is reported as a key finalist to acquire the Nissan Mercedes Benz plant in Aguascalientes, Mexico. The potential deal would expand BYD's production footprint in North America as U.S. tariffs on Chinese automakers and regional trade talks continue. The Aguascalientes plant bid marks a new phase in BYD's international build out, particularly for electric vehicle assembly in the region. BYD shares last closed at HK$97.75, with the stock up 5.9% over the past week but showing a...

The high-profile inclusions risk straining President Donald Trump’s visit to China that’s set for April, especially given Alibaba’s prominence. Trump’s meeting with President Xi Jinping in Beijing is expected to include discussion about plans to export Nvidia Corp.’s H200 chips to China, and Alibaba is among the companies that could seek to get them.

The Chinese giant sued the US government over EV tariffs, challenging their legality and pushing for broader access to American buyers

As Zack recently posted, BYD’s sales were down 30.7% in January. BYD sold 210,051 NEVs, which still put it in first place, well ahead of Geely with 124,252. Geely, however, also sells ICE vehicles, which saw significant sales growth to bring their total to 270,167. Due to selling primarily ICE vehicles, Geely overtook BYD as China’s largest automaker overall in January. However, BYD’s decline was limited to China, with export sales totaling 100,009, up 43% YoY. Sales were up over 1000% in Germany in January, more than double Tesla sales. At this rate, BYD could soon sell more cars outside of China than within it.But there are several factors, particularly within China, that are influencing the overall sales picture.

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A relentless selloff in BYD Co. shares is laying bare investor anxiety over the profit outlook for China’s electric-vehicle sector, as cooling demand at home and surging raw material costs trigger a brutal reset of expectations.

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The Chinese brand that knocked Tesla off to become the world’s number one electric vehicle maker has posted another month of sliding sales.