Etiqueta: Industry

BYD (BYDDY) stock remains a strong BUY for long-term investors amid global expansion and industry leadership. See more financial analysis here.

Tesla’s CEO Elon Musk criticized the analysis of European sales in August by Reuters, which wrote in its headline that Chinese giant BYD outsold the US brand in the EU.

Support CleanTechnica's work through a Substack subscription or on Stripe. The gleaming brutalist structures of BYD’s global headquarters rise from Shenzhen’s Pingshan district — a monument to the company’s leadership in China’s electric vehicle ambitions. Walking through the sprawling complex, past rows of pristine EVs and technology exhibits, as well ... [continued]

China’s BYD has smashed records with its Yangwang U9 Xtreme, clocking in at 496km/h.

BYD's launch of its high-quality, sub-$20,000 Seagull EV in Latin America is a strategic masterstroke that massively undercuts the competition, establishing a powerful beachhead in the Americas and exposing the critical failure of Western automakers.

On Thursday, data from the ACEA showed that BYD sold three times as many new cars in Europe, surpassing Tesla for the second month in a row.

STORY: Chinese EV maker BYD outsold Tesla in the EU for the second month in a row. Data showed BYD sold three times as many cars to the bloc in August than in the same month last year. Stellantis also had buoyant results, returning to sales growth in Europe for the first time in over a year.That’s as the overall market expanded with a boost from plug-in hybrid and battery-electric sales.Europe's battered car industry faces a number of challenges.This includes U.S. import tariffs and competition from China. As well as difficulties in meeting domestic regulations for EV adoption in a way that yields profit. Carmakers have ramped up PHEV sales to comply with emission standards, with more affordable and more profitable cars than pure EVs. Chinese brands have also used the technology to minimize the impact of EU tariffs on Chinese-made EVs.As well as to win over China-skeptic European drivers.And with BYD’s sales up over 200% in August, it took 1.3% of the market.Whereas EU sales for Elon Musk's Tesla dropped 36.6%, squeezing its market share to 1.2% from 2% a year ago.And as total EU car sales rose last month, the registration of hybrid and electric vehicles rose to over 62% in the bloc.

(Reuters) -Chinese EV maker BYD sold three times as many new cars in the European Union last month than in August 2024, surpassing U.S. competitor Tesla for the second consecutive month, data from the European auto lobby ACEA showed on Thursday. Stellantis returned to sales growth in Europe for the first time in over a year, as the overall market expanded with a boost from plug-in hybrid (PHEV) and battery-electric (BEV) sales. Chinese brands have also used the technology to minimise the impact of the European Union's tariffs on Chinese-made EVs, and to win over China-skeptic European drivers.

Last week, Financial Times reported that China was prohibiting major tech companies from buying AI chips from Nvidia, as the country grows confident in its domestic semiconductor industry.

AGL to roll out “landmark” V2G trial with Hyundai, Kia, Zeekr and BYD to show that EVs can act as batteries on wheels.