Etiqueta: Sales

The company is also preparing to start production at its new Hungary plant early next year as part of its broader international expansion.

HONG KONG (Reuters) -Chinese electric vehicle maker BYD Co forecast exports will make up about 20% of its global sales this year helped by new model launches, the South China Morning Post reported on Monday. BYD forecasts 800,000 to 1 million deliveries outside mainland China in 2025, compared with projected total sales of 4.6 million units, the newspaper said, citing BYD's general manager of branding and public relations Li Yunfei. "International deliveries will make a greater contribution in the years to come," Li said, according to the SCMP, adding BYD's own fleet of car-carrier ships supported the export surge.

The analyst noted that the company’s slow growth highlights the loyalty of Japanese buyers to domestic brands and hybrids.

BYD is now turning to discounts — a practice that’s put it front and center of an industry crackdown in China — to try and boost sales.

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

In 2024, BYD’s sales outside the mainland accounted for less than 10 per cent of its total of 4.26 million deliveries.

It's never ideal to hear that the world's most famous investor sold his stake of a company, but should investors follow?

It's never ideal to hear that the world's most famous investor sold his stake of a company, but should investors follow?

All eight cargo vessels in BYD's fleet are now operational, with annual transport capacity exceeding one million vehicles.

BYD has confirmed that Berkshire Hathaway completely sold off its remaining shares earlier this year, ending a 17-year run that began in 2008.