Etiqueta: Industry

There is also still ‘vast potential’ to increase car sales in China’s less developed regions, association head says.

BYD unveils HaoHan energy storage system with up to 14.5 MWh, cutting costs and challenging Tesla’s Megapack.

BYD (BYD, 1211.HK) stock drifted lower in Monday's session after CNBC reported Berkshire Hathaway (BRK-B, BRK-A) CEO Warren Buffett sold off the firm's full stake in the Chinese EV maker. Yahoo Finance senior autos reporter Pras Subramanian breaks down the latest. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime.

Berkshire Hathaway Ends Historic EV Investment in BYD

BYD has unveiled a new stationary energy storage system, HaoHan, designed to compete with Tesla’s new Megapack 3, which has...

Berkshire Hathaway exits longtime stake in Chinese EV maker BYD, ending 17 years of Buffett backing amid shrinking profits and rising competition.

Berkshire Hathaway’s sale of its entire stake ends an investment in the Chinese carmaker that has yielded more than 20-fold over 17 years

BARCELONA (Reuters) -When Javier Hernandez went car shopping in Barcelona, he ended up choosing a plug-in hybrid by China's BYD - swayed by a price nearly 10,000 euros cheaper than European rivals. With government subsidies, the BYD Seal U DM-I Hernandez opted for starts at around 30,000 euros ($35,289) in Spain, compared to over 40,000 euros for VW's Tiguan and Peugeot's 3008 plug-in hybrid models. Cost-conscious buyers like Hernandez are fuelling rapid growth for Chinese EV carmakers like BYD in Spain and around Europe, stepping up competition with regional and U.S. rivals like Tesla, Stellantis and Volkswagen.

①BerkshireHathaway has reportedly fully divested its holdings in BYD. ②Southbound capital has recorded net inflows for 18 consecutive weeks. ③The market is betting that interest rate cuts may exceed the Federal Reserve's expectations. ④Li Auto and CATL have reached a comprehensive strategic cooperation agreement.