Etiqueta: Industry

While electric cars appear to have a practical advantage in daily use, hydrogen projects are becoming more focused on performance as engines evolve

BEIJING (Reuters) -BYD's vehicle production fell 0.9% in July from a year earlier, ending a 16-month growth streak that has catapulted the Chinese automaker into the world's largest electric vehicle maker. BYD made 317,892 EVs and plug-in hybrids globally last month, down 0.9% in its first decline in more than a year, while sales edged up 0.6% to 344,296 vehicles, slowing sharply from a 12% increase in June, according to a monthly filing with the Hong Kong stock exchange. With electric car sales accounting for 41% of its more than 4 million vehicle sales last year, BYD has overtaken the U.S. EV specialist as the world's top EV seller.

BYD has welcomed a new 7,000 CEU LNG dual-fuel car carrier built by Guangzhou Shipbuilding International (GSI).

The United States has agreed to impose 15 percent tariffs on imports from South Korea under a trade deal announced on Wednesday, easing earlier concerns over a potential 25 percent rate.

BYD’s sales in China have stagnated, and reports suggest possible delays to manufacturing ramp-up in Europe. By Ian Henry

Some brands like BYD and Xpeng grew more than 100% in a year. But some, like battery-swpping Nio, haven't found their footing yet.

BYD is postponing its Hungary plant production and exploring Turkey as a strategic hub, amidst evolving EV demand and trade dynamics in Europe.

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Local automakers threaten to suspend investment if China BYD is granted a tariff reduction

Chinese EV maker seeks cut while building local plant but other carmakers and regional governors say it could hurt Brazil’s industrial base.