Etiqueta: exports

Aiming for deeper penetration in the Indian car market, BYD is planning an India-specific model. The company acknowledges it needs to place greater emphasis

Low-cost carmaker harbours ambitions go global and rank among world’s top 10 auto groups

Updating a core model like the Song is one way BYD is trying to steady volumes at home.

Company’s share price drops 18% on news of unexpectedly sharp decline.

Following a spate of criticism and reported fatalities, China has become the first nation to ban electric vehicles with concealed

There were accidents where users could not open car doors after accidents due to power failures. Read more at straitstimes.com. Read more at straitstimes.com.

HONG KONG, Feb 2 (Reuters) - Shares of BYD Co Ltd sank to their lowest level in at least a year on Monday, leading a broader selloff in Chinese automaker stocks after they reported weaker sales in January as a revised subsidy scheme weighed on budget car brands. The selloff underscores growing investor concern that China’s carmakers are heading into a prolonged slowdown as demand softens at home

Shenzhen-listed shares of BYD Group fell over 4.2% on Monday, closing at 87.05 yuan — the lowest price in 16 months — a day after the company reported its weakest sales figures in nearly two years.…

BYD sold 210,051 NEVs in January, representing a 30.11% decline year-on-year and a steep 50.04% drop compared to December.

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