Etiqueta: PHEV

Strategic Global Expansion and Price War Resilience in BYD’s Growth Narrative

Chinese automaker BYD announced on Monday it sold 373,626 vehicles in August, of which 371,501 were passenger vehicles — up by 8.9% from a month before.

SHANGHAI (Reuters) -BYD's production slid for a second straight month in August, marking its first consecutive monthly contraction since 2020 in a further sign that the Chinese EV giant is putting the brakes on its massive years-long expansion. The world's biggest EV producer made 353,090 electric vehicles and plug-in hybrids (PHEV) globally last month, down 3.78% from a year earlier, according to a monthly filing with the Hong Kong Stock Exchange on Monday. The last time BYD's production fell for two consecutive months was in June and July 2020.

BYD's passenger BEV sales in August rose 34.43 percent year-on-year, while PHEV sales fell 22.69 percent.

BYD’s Profit Decline and the Risks of Sustained Price Wars in the EV Sector: Assessing the Long-Term Sustainability of Aggressive Growth Strategies

The change will take effect on September 19, significantly lowering the entry barrier for buying BYD shares on the Hong Kong stock market.

The new Denza D9 variants reduce the MPV's starting price from RMB 339,800 to RMB 309,800.

The Zeekr 9X plug-in hybrid SUV from Geely, with the world’s largest battery, began presales in China with a starting price of 67,080 USD.