Etiqueta: Rising

BYD is already seeing a flood of new EV buyers as gas and oil prices surge amid rising tensions in...

BYD shares jump 7.8% in Hong Kong on 100,000 export orders from Mexico and Argentina, boosting confidence in overseas growth

BYD Co. is in active negotiations to open dealerships in the Greater Toronto Area as the world’s largest EV manufacturer moves to establish a retail presence in Canada.

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From top Chinese carmakers selling more units overseas to Geely’s upper hand in local market, here are seven EV stories you may have missed.

Recent reports and statements from BYD Vice President Stella Li indicate that their new Bahia plant in eastern Brazil recently received export orders totaling 100,000 units, split between Mexico and Argentina. The news sent BYD’s share price up on Monday. However, the implications to BYDs overall business and the global adoption of EV’s go much farther.While it can be a challenge to get firm numbers out of Mexico, BYD made up at least 70% of the Mexican EV market in 2025, with roughly double the volume over the year before. The Dolphin Mini (Seagull) was the bestselling model. Chinese brands made up 20% of the overall new car market in Mexico. Plug-in vehicles were estimated to total around 100,000 sales in 2025. As such, the 50,000-vehicle order would be equivalent to the majority of BYD sales and half of the EV market last year. However, Mexico increased tariffs on vehicles from countries without a free trade agreement from 20% to 50%. These tariffs target China and were implemented under pressure from the US government. Although BYD tends to pad prices in countries that threaten protectionism to provide pricing stability, 50% is significant. However, Mexico has trade agreements with Brazil, and the 50,000-vehicle order alone takes much of the sting out of the tariffs.In Argentina, the potential impact is even larger. Last year Argentina sold 26,632 vehicles with some sort of electrification, but 76% of those were non-plug hybrids. That leaves BEVs and PHEVs at around 6400 or a little over 1% of the 571,308 new vehicles sold last year. That overall market was up 47.8% last year on a strong rebound. So far this year, BYD has ~75% EV market share. The Brazilian order alone would multiply the size of the Argentinian EV market. In addition, Argentina has exempted the first 50,000 imported plug-in vehicles from tariffs. That could lead to increased imports from China. But a Mercosur free trade agreement with Brazil means that sales could go far beyond that quota. Argentina’s EV market could transform dramatically.

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Grand Prix racing isn't the only destination on BYD's radar, with the FIA World Endurance Championship floated as another option.

When the head of one of the world’s largest car companies gets behind the wheel of a rival’s newest vehicle, people pay attention. That is exactly what happened when Jim Farley, the global CEO of ... Read more

The week in autos saw Xiaomi deploy humanoid robots in EV manufacturing, BYD move toward entering the Canadian market, Geely outsell BYD for a second straight month, Tesla post higher European registrations despite weaker sales, while rising oil prices amid the U.S.–Iran conflict pressured shares of Ford Motor Company, General Motors and Stellantis.