Etiqueta: Hong Kong

The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial Times

SHANGHAI (Reuters) -China's annual auto shows have become the world's premier showcase for the rise of ever-cheaper, high-tech electric vehicles from domestic brands in the world's biggest car market. But the Shanghai auto show opened on Wednesday amid industry-wide uncertainty over how the U.S.-China trade war could sap demand and upend supply chains as about 70 automakers launched more than 100 new models into a crowded market with more losers than winners. Automakers also wrestled with a Chinese government crackdown, announced last week, on the marketing of smart-driving systems that many industry executives view as the next technological battleground here.

China’s Contemporary Amperex Technology (CATL), the world’s largest producer of electric vehicle batteries, has unveiled an upgraded battery that promises an even longer range than rival BYD’s cutting-edge technology.

With China’s growing new-vehicle market in the throes of a price war, some automakers plan to build on their success with a wide array of electrified models.

BYD Company Limited (OTCMKTS:BYDDY - Get Free Report) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 579,100 shares, a growth of 194.0% from the March 15th total of 197,000 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 1,999,600 shares, the short-interest ratio is presently 0.3 days.

Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.

Chinese EV manufacturer BYD just unveiled a next-gen charging platform that could blow every other EV charger out of the water

Chinese electric car company BYD is pushing ahead into Europe by launching its premium Denza brand in the region, despite rising trade tensions.

China’s biggest automaker forecast strong first-quarter earnings in rare early guidance, a move aimed at restoring confidence among investors.

Chinese EV manufacturer BYD claims that its new Tang L SUV (pictured left