Etiqueta: Hong Kong
BYD Hong Kong shares set to drop 8% after quarterly profit...
HONG KONG (Reuters) -The Hong Kong-listed shares of BYD were set to slide 8% on Monday after the Chinese electric vehicle maker reported quarterly profit fell for the first time in more than three years amid a cutthroat price war across the industry. The stock was set to open at HK$105.20. (Reporting By Donny Kwok and Anne Marie Roantree; Editing by Kim Coghill)
BYD Profit Drop May Be Worrying Sign of Things to Come
The fallout is becoming impossible to ignore in the fierce battle among Chinese carmakers.
BYD profits fall as mainland price war swamps EV export surge
Second-quarter profits drop 30 per cent for the world’s largest EV maker, despite 145 per cent year-on-year rise in overseas deliveries.
BYD sees net income drop 30% in Q2 as competition intensifies
This marks the first year-on-year decline in BYD's net income since the first quarter of 2022.
BYD to change H-share lot size from 500 shares to 100...
The change will take effect on September 19, significantly lowering the entry barrier for buying BYD shares on the Hong Kong stock market.
BYD Atto 2 electric SUV lands in the UK with an...
Chinese automaker BYD has launched its new Atto 2 electric SUV in the UK, challenging premium competitors like Volvo with a highly competitive starting price and a strong list of standard features.
BYD undercuts rivals with low Atto 2 EV prices
The new electric SUV officially went on sale in the UK on Tuesday. BYD revealed Atto 2 prices will start...
China’s biggest delivery app brings its disruptive playbook to Brazil
Meituan’s arrival is likely to transform the delivery industry — which has already seen the unlikely partnership between rivals Uber and iFood.
Audi’s lettermark brand put to the test in China
Audi AG's new China-only sub-brand, which drops its famous four rings in favor of a "lettermark" badge, is drawing both praise and skepticism after opening pre-sales of its first model last week.
