Etiqueta: Industry

By Nick Carey, European Autos CorrespondentGreetings from London!After many years of riding high, Porsche has hit what could only charitably be called a rough patch.Late on Friday, Porsche once again had to pull back from its electric vehicle rollout in a move that will hit parent company Volkswage…

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...

New U.S. regulations, responding to U.S. national security concerns, are set to take effect in mid-January and will prohibit imports of Chinese- and Russian-made “connected” software and hardware used in manufacturing vehicles. If combined with Trump’s proposed 10%–20% tariffs on imported vehicles and auto parts, these regulations could adversely impact Mexico’s economy, reduce the global competitiveness of North America’s automotive sector, and disrupt U.S. trade agreements.

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

China will boost consumption and improve regulations to ensure steady and high-quality growth of the automobile industry as it faces challenges such as disorderly competition during rapid development, officials noted at an industry forum recently.

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