Etiqueta: Hong Kong
China’s Auto Price War Turns Savage—Even BYD Is Bleeding
China’s auto industry is reeling as brutal price wars slash profitability. According to China Daily, among the six major automakers that released first-half 2025 results, only BYD managed to stay profitable—and even its momentum is faltering, sending shockwaves through the market. BYD’s net profit rose 14% year-over-year in H1, but that marks a slo...
BYD cuts full year sales target by 16% as EV price...
BYD, the top-selling electric vehicle manufacturer on earth, has reduced its 2025 end of year sales forecast from 5.5 million cars to 4.6 million, a 16% cut
BYD Cuts Annual Sales Target as Demand Cools, Reuters Says
Chinese electric vehicle maker BYD Co. has slashed its full-year sales target as intense competition in its home market hurts its bottomline.
Tesla, GM Supplier CATL Dominates Global EV Battery Supply Charts With...
CATL leads global EV battery market with 37.5% share, followed by BYD at 17.8%. South Korean companies LG and SK also see growth.
BYD Cuts Production 2 Months In A Row For First Time...
A drop in production, sales and profits reflect how pressure to stay competitive is beginning to take a toll on BYD
BYDDF: BYD Stock Sinks After First Profit Drop in 3 Years
EV Leader BYD Suffers Rare Setback as Profit Crumbles
BYD Company sees sharp fall in Q2 profit as China price...
BYD Company (OTCPK:BYDDF) stock price dropped nearly 8% on the Hong Kong stock exchange on Monday after the EV giant reported a sharp 30% slide in Q2 profit. Net profit dropped to 6.4 billion yuan ($895 million) from a year earlier, it reported. That followed a doubling of profit in the first quarter. It is the first such fall in more than three ye...
BYD Company sees sharp fall in Q2 profit as China price...
BYD Company (OTCPK:BYDDF) stock price dropped nearly 8% on the Hong Kong stock exchange on Monday after the EV giant reported a sharp 30% slide in Q2 profit.
EV sales stay strong in China. Why profitability is a worry...
EV sales remain strong in China. But a brutal price war in pushing down profitability.
BYD records consecutive monthly production drops for first time since 2020
SHANGHAI (Reuters) -BYD's production slid for a second straight month in August, marking its first consecutive monthly contraction since 2020 in a further sign that the Chinese EV giant is putting the brakes on its massive years-long expansion. The world's biggest EV producer made 353,090 electric vehicles and plug-in hybrids (PHEV) globally last month, down 3.78% from a year earlier, according to a monthly filing with the Hong Kong Stock Exchange on Monday. The last time BYD's production fell for two consecutive months was in June and July 2020.
