Etiqueta: Industry

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.

Auto industry leaders Toyota, BYD, and Yamaha have begun accepting USDT payments in Bolivia. Stablecoin adoption is on the rise in the country as Bolivians

The company's exports more than doubled in the first six months of this year.

BYD’s Yangwang U9X hit 496.22 kph in Germany, shattering Bugatti’s 2019 record; With 3,027 horsepower from four motors, the limited-edition EV is now the world’s fastest car — and the driver’s screams tell the story