Etiqueta: Product

Some U.S. industry figures believe that the bureaucratic backlog is a "strategic excuse". A source from the U.S. rare earths industry said, "China can staff up as fast as they want, if they wanted to."

Recently, the automotive industry has been in an uproar: Great Wall Motors' Chairman Wei Jianjun's statement "the Evergrande of the automotive industry already exists, it just hasn't exploded yet" instantly ignited public opinion. Although no names were mentioned, all eyes are on BYD, which has liabilities of 594.3 billion yuan. At the same time, BYD launched the largest price cut in history during the "618" shopping festival, with 22 models seeing discounts of up to 53,000 yuan, directly causing a major dip in the new energy vehicle sector. This move has made investors restless: on one hand, there's the overwhelming "Evergrande theory," and on the other, a fierce price war...

The figures come on the heels of China’s top industry regulator promising to strengthen efforts to rein in “involution-style” competition in the country’s auto industry.

Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.

(Bloomberg) -- BYD Co. shares fell, bringing losses over the past week to more than 17%, on concern that its price cuts are drawing government scrutiny and becoming unsustainable for the Chinese EV industry.Most Read from BloombergBillionaire Steve Cohen Wants NY to Expand Taxpayer-Backed FerryWhere the Wild Children’s Museums AreThe Economic Benefits of Paying Workers to MoveNow With Colorful Blocks, Tirana’s Pyramid Represents a Changing AlbaniaNYC Congestion Toll Brings In $216 Million in Fir

BYD Co. shares continued their plunge despite monthly sales climbing to the highest this year as the steep discounts the industry uses to entice buyers draws scrutiny from Beijing.

‘Kei’ car launch next year by China’s leading electric vehicle maker seen as ‘black ship’ moment for country

Introduction Tesla vs. BYD Electric Car Statistics: In recent years, the Electric car segment has witnessed enormous growth over the last few decades, and

BYD shares were down 6.53 percent in Hong Kong and 3.89 percent in Shenzhen at press time.

BYD, leveraging its cost advantages and strong Chinese market presence, has overtaken Tesla in global EV sales, necessitating BYD's continued focus on affordability and international expansion, while Tesla needs to diversify its lineup and reduce costs.