Etiqueta: Industry

BYD's EV Production Challenges and Stock Split Timing: A Long-Term Investment Assessment

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.

As tarifffs continue to wreak havoc on the car manufacturing industry, with even giants like Ford (FORD) being affected, Chinese EV maker Zeekr (ZK) is having to adapt to the times.  Watch as Ramzan Karmali interviews Lothar Schupet on Market Sunrise.

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