Etiqueta: Hong Kong

China’s BYD recorded revenues of 777 billion yuan ($107 billion) for 2024, surging ahead Elon Musk’s Tesla in annual sales amid intensifying competition in the global market for clean-energy cars.

China’s BYD recorded revenues of 777 billion yuan ($107 billion) for 2024, surging ahead Elon Musk’s Tesla in annual sales amid intensifying competition in the global market for clean-energy cars.

Wood said Tesla's cars are "still very competitive" based on metrics like "range and power for a given price."

(Bloomberg) -- Hong Kong’s two biggest stock offerings since 2021 came this month after a pair of electric-vehicle makers took advantage of one of the world’s biggest market rallies.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsLibraries Warn They Could Be ‘Cut off at the

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

The Chinese EV giant beat Tesla in revenue, unveiled breakthrough tech, and is gearing up for global domination.

Chinese carmaker BYD saw a surge in revenue last year, surpassing the $100 billion mark and beating rival Tesla as the electric vehicle giant accelerates its overseas expansion.That figure eclipsed the $97.7 billion in revenue last year announced previously by Tesla.

Results come after Tesla’s EV rival announces five-minute charging system

Hang Seng Index opened higher today, gaining 59 points or 0.25%, to reach 23,749 points. The National Enterprises Index rose by 28 points or 0.32%, settling at 8,770 points, while the Technology Index increased by 25 points or 0.44%, to stand at 5,664 points.

While it remains a leader in China’s crowded field of NEVs, Li Auto faces growing competition from rivals that are quickly catching up