Etiqueta: Rising

Chinese automakers BYD, MG, and Leapmotor hit record 9.8% hybrid sales share in Europe, shifting focus amid tariffs and EV competition.

BYD delivered 393,060 units in September, marking an almost a 6% decline year on year.

This marks the first year-on-year decline in BYD's monthly NEV sales since March 2024, with PHEV sales falling 25.58 percent.

Zacks highlights Tesla, Alphabet, Nio, XPeng, and BYD, with Tesla poised for a Q3 delivery beat fueled by Model Y updates, China demand, and renewed focus from Elon Musk.

BYD plans to expand its Hungarian bus factory with an additional 29,000 square meters of production facilities, increasing annual capacity for electric buses and trucks.

Stocks to watch this morning include CoreWeave (CRWV), the NVIDIA (NVDA)-backed AI cloud scaler, which is rising after some big swings in recent weeks. In the pharmaceutical sector, AstraZeneca (AZN) gains as it announces plans to list in New York, while GSK (GSK) and UCB SA (UCB.BR) are up on appointing a new CEO and positive trial results, respectively. And it's a high-stakes moment for Tesla (TSLA), BYD (1211.HK) and other makers of electric vehicles, amid a global slowdown and as a $7,500 tax credit comes to an end in the US. For more live coverage of markets watch the full episode of Market Sunrise and head to Yahoo Finance.

The Qin L EV has been rebranded as the Seal 6 EV in Malaysia, with a starting price of 100,000 Malaysian ringgit ($23,740).

BYD has recently started a price battle in Japan to attract customers with a discount offer.

Chinese automaker BYD's all-electric Yangwang U9 Xtreme hypercar set a world record top speed of 308.33 mph at Germany's ATP track, surpassing Bugatti's previous mark with its 2,977-horsepower quad-motor setup and advanced engineering. This milestone highlights China's rising dominance in high-performance EVs, challenging traditional automakers.