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Battery stocks have been battered over recent months. Falling lithium prices due to oversupply, subdued demand in China and lackluster sales figures from the electric vehicle (EV) market have all contributed to the rare earth mineral’s plummeting price. According to Koyfin, the price of lithium carbonate has fallen 68.8% over the past 12 months. While there was somewhat of a recovery in Q1 of 2024, it appears prices are back in free fall. Despite this big of macroeconomic news not being good for

The expected entry of China's BYD Auto into the South Korean consumer electric vehicle (EV) market this year will likely intensify competition within the low-cost segment of the market, which globally has seen a stagnation in growth as of late due to the so-called EV adoption chasm, according to industry watchers on Tuesday. 🚘 Chinese EV Maker BYD To Enter South Korean Market in Low-Cost Segment.

The expected entry of China's BYD Auto into the South Korean consumer electric vehicle (EV) market this year will likely intensify competition within the low-cost segment of the market, which...

Warren Buffett’s Berkshire Hathaway has further cut its large stake in BYD, which vies with Tesla as the world’s largest electric car (EV) maker, as global trade tensions escalate over Chinese EVs.

By Chang Dong-woo SEOUL, June 18 (Yonhap) -- The expected entry of China's BYD Auto...

Markets Defused gives an easy-to-understand and straightforward recap of the day’s most engaging business and stock market news.   Microsoft is set for...

US equities (^GSPC, ^DJI, ^IXIC) have rallied in the past few months, with some questioning whether "American exceptionalism" is driving this market activity. Outgoing Boeing (BA) CEO Dave Calhoun will testify before a US Senate panel on June 18 to address safety concerns about the Boeing 737 MAX. Warren Buffett's Berkshire Hathaway (BRK-A, BRK-B) is cutting its stake in Chinese EV maker BYD (BYDDY,1211.HK), selling nearly $40 million of its stock. The Biden administration is pushing back against former President Trump's plan to replace income taxes with tariffs. Meanwhile, US Treasury Secretary Janet Yellen has warned that the tariffs could make life even more unaffordable for American consumers. For more expert insight and the latest market action, click here.

Warren Buffett's hedge fund Berkshire-Hathaway continues to reduce its position in BYD stock, renewing concerns about Buffett's outlook on the EV industry

Europe, for all of its bluster, hasn’t taken a completely hard line against the import of Chinese electric cars and hybrids. The resistance in the United Kingdom has been even weaker. Now that the tariff issue has been temporarily resolved, China’s leading EV automaker has a gambit to pierce the heart of even the toughest […]

Asian equities were lower overnight as Japan significantly underperformed and closed lower by almost -2%, though volumes in the region were light due to market holidays.