Etiqueta: Industry

The electric Mercedes G-Class, BYD's first pick-up and Ora's 395bhp sports saloon are among the headliners

U.S. and European politicians have raised alarms that their domestic auto industries could be destroyed by a wave of cheap Chinese electric vehicles. The goal: to rake in hefty profit margins the automaker can’t get in China amid fierce competition. In some foreign showrooms, BYD charges more than double — sometimes nearly triple — the price it gets for three key models in China, according to a Reuters review of the automaker’s pricing in five of its biggest export markets.

Electric vehicle executives at a top car show in China were bullish on prospects for growth, despite a gruelling price war and mounting Western pressure on the industry. And even as firms face down a cut-throat price war at home and mounting regulatory pressure overseas, executives and attendees were upbeat.

China's largest auto show opened in Beijing with the biggest names showing off their latest electric vehicles (EVs), underlining how the world's largest auto market is already in an all-electric state of mind, and isn't looking back. The last thing China needs is more electric cars crowding a market, driving down prices at the expense of profit. Exporting that overcapacity, however, has brought EV makers to authorities' attention.

Boyd Gaming's (NYSE:BYD) Q1 Earnings Results: Revenue In Line With Expectations But Stock Drops

Gaming and hospitality company Boyd Gaming (NYSE:BYD) reported results in line with analysts' expectations in Q1 CY2024, with revenue flat year on year at $960.5 million. It made a non-GAAP profit of $1.51 per share, down from its profit of $1.71 per share in the same quarter last year.

Real-time index price for TSX Composite Index (TXCX), along with buy or sell indicators, analysis, charts, historical performance, news and more

All-new Chinese hatchback is rear-wheel drive, all-electric and looks pretty cool

Representatives from major global automakers attending the ongoing 2024 Beijing International Automo

Element Fleet Management (TSX:EFN) signs a collaboration agreement with BYD, one of the world's leading electric vehicle companies.