Etiqueta: Germany

The EU’s EV sales targets for 2030 and 2035 look impossible, despite the arrival the cut-price BYD Surf. Pressure is mounting to allow new combustion power after 2035.

BYD has set a target to double its overseas sales to over 800,000 units in this year, reported Reuters citing the company chairman Wang Chuanfu as saying to analysts on an earnings call.

Wang Chuanfu, chairman and CEO of electric vehicle maker BYD, has added $9.3 billion to his wealth this year.

Tesla's Chinese competitor BYD recorded a 73 per cent jump in fourth-quarter profit on Monday and said its annual revenue for 2024 crossed the $100 billion US mark, surpassing the U.S. automaker.

The Shenzhen-based firm says revenue for last year came in at $107bn, boosted by sales of its hybrid vehicles.

Hyundai (HYMTF) is planning to expand in the US, with the automaker set to spend about $21 billion in the US through 2028. Additionally, shares of Chinese automaker BYD (BYDDY) jumped as the company reported better-than-expected earnings results, beating Tesla's (TSLA) full-year 2024 sales. Yahoo Finance Senior Reporter Pras Subramanian joins Market Domination hosts Julie Hyman and Josh Lipton to discuss Hyundai's expansion, BYD's earnings, and declining Tesla sales in Europe. To watch more expert insights and analysis on the latest market action, check out more Market Domination here.

China’s BYD beat estimates after sales topped the $100 billion mark for the first time last year. Even with lower-priced...

European Commission targets BYD suspecting unfair financial help from China's government for the electric-vehicle automaker's Hungary plant being constructed with imported Chinese labor.

UK is a "very high priority" as a market but won't host a plant due to insufficient labour

Localisation work will be carried out in the UK says BYD boss Stella Li, with factories in Hungary and Turkey