Etiqueta: Germany

China autos hit peak sales and low profits as BYD faces costly product refresh, global expansion, and valuation concerns. See why BYDDF stock is a sell.

BYD’s European Regional Managing Director Maria Grazia Davino said on Wednesday that the Chinese automaker is planning a major expansion across Europe next year.

The new plant will join the company’s other Hungarian facility, located in Komárom. Last year, BYD sold more than 4.27 million electric vehicles worldwide, becoming the world’s best-selling EV brand.

The transatlantic automaker says its Chinese partner Leapmotor is selling more electric vehicles in Europe’s biggest EV market.

Yangwang is one of China's lesser-known car brands, internationally recognised mainly for setting a recent world speed record for production cars. Now the BYD-owned marque is planning a European launch for its high-end U8 electric SUV, which can even float on water.

With traditional automakers absent, newcomers have the chance to present themselves to consumers

Chinese automaker BYD intends to double its European sales network by the end of next year as part of a wider regional expansion.

The Yangwang U9 Xtreme achieved an officially certified top speed of 496.22 km/h at Germany's ATP test track, setting a world record for production vehicles.

Germany’s business leaders have seen the flashing red warning signs that relying on China is risking economic calamity. They’re just not heeding them.

After two years of headlines begging for failure, EV sales keep defying false media narratives that they are dropping, and continue to rise.