Etiqueta: Hong Kong

BYD is suffering its first serious scare and is seeing its success falter. The Chinese giant of electric cars that not long ago surpassed Tesla in sales has

The rivalry between BYD and Stellantis is intensifying with a recent dispute centering on conflicting claims about EV sales performance, market positioning,

In a rare move, more than three dozen BYD executives increased their stakes in the world's largest electric-vehicle (EV) maker, which is likely to boost investor confidence after its shares plunged more than 20 per cent from an all-time high in May. Thirty-seven executives, including five vice-presidents, spent a combined 52.3 million yuan (US$7.3 million) to buy 488,200 Shenzhen-listed shares to "display their continued optimism about the investment value of the company", BYD said in filings to

A total of 37 executives bought 488,200 A shares to ‘display their continued optimism about the investment value of the company’.

The insider buying comes after reports of BYD trimming its 2025 sales target and its first quarterly profit drop in more than three years.

BYD executives bought about RMB 52.3 million ($7.3 million) worth of BYD A-shares on the Shenzhen stock exchange this month.

Beijing has called time on a bruising prices battle the EV maker was arguably leading

BYD and Shenzhen Port Group recently signed an agreement to expand cooperation between the automaker and port operator. While this news largely flew under the radar, the scope of the agreement goes far beyond BYD’s home ports to develop international logistics and decarbonize global shipping.

About 100 automakers need to be ‘pushed out’, says world’s largest electric-vehicle producer

BYD drivers will have direct access to TuneIn’s global radio and podcast catalog through their in-car entertainment systems...