Etiqueta: Industry

BYD is now turning to discounts — a practice that’s put it front and center of an industry crackdown in China — to try and boost sales.

BYD has recently started a price battle in Japan to attract customers with a discount offer.

BYD's all-electric Yangwang U9 Xtreme hypercar achieved a verified top speed of 308.4 mph, making it the world's fastest production car and surpassing Bugatti's record. Featuring a quad-motor setup with over 3,000 horsepower and advanced aerodynamics, this milestone highlights China's EV dominance and potential innovations in high-performance vehicles.

Chinese automaker BYD's all-electric Yangwang U9 Xtreme hypercar set a world record top speed of 308.33 mph at Germany's ATP track, surpassing Bugatti's previous mark with its 2,977-horsepower quad-motor setup and advanced engineering. This milestone highlights China's rising dominance in high-performance EVs, challenging traditional automakers.

Chinese electric vehicle (EV) stocks NIO (NYSE: NIO) and Li Auto (NASDAQ: LI) slipped Friday following news that Beijing plans to implement stricter regulations on EV exports.

BYD (BYDDY) stock remains a strong BUY for long-term investors amid global expansion and industry leadership. See more financial analysis here.

Tesla’s CEO Elon Musk criticized the analysis of European sales in August by Reuters, which wrote in its headline that Chinese giant BYD outsold the US brand in the EU.

Support CleanTechnica's work through a Substack subscription or on Stripe. The gleaming brutalist structures of BYD’s global headquarters rise from Shenzhen’s Pingshan district — a monument to the company’s leadership in China’s electric vehicle ambitions. Walking through the sprawling complex, past rows of pristine EVs and technology exhibits, as well ... [continued]