Etiqueta: Sales

When certain politicians in the United Kingdom were trying to persuade their fellow citizens to vote to leave the European Union, an argument I don’t remember ever hearing was that Brexit would make it easier for Chinese carmakers to expand their reach in the country. After spending a week with the nation’s most fervent car […]

BYD Company reportedly hired former Baidu executive Zhou Peng to lead its driver assistance technology development. Peng will focus on creating end-to-end large model planning and control algorithms, bringing experience from Baidu's smart driving unit and Baidu-backed EV maker Jiyue.

China’s leading EV maker, BYD, is making strides in another key EV market with the launch of its M6, the...

Warren Buffett's Berkshire Hathaway reduced its stake in BYD to below 5%, in what could be the final time Berkshire discloses stock sales in China's largest producer of electric vehicles.

Berkshire Hathaway cuts stake in China's BYD to below 5%

“China has yet to create a single international marquee of its own that is universally recognised and respected. It is time for Chinese carmakers to upend the order of the global automotive industry and chart a course into a new vast territory.”

Under Hong Kong Stock Exchange rules, when an organization's shareholding in a Hong Kong-listed company drops to less than 5 percent, it can no longer continue to disclose its holdings.

The M6 is the first MPV model launched by BYD in the Indonesian market and the first all-electric MPV in the local market.

Aside from easing local content rules, the government's EV investment scheme compels foreign makers to make good on their promise to build local factories, a senior official says.

Reuters and staff reporter Warren Buffett's Berkshire Hathaway has further cut its stake in BYD (1211) to less than 5 percent. Berkshire sold nearly 1.4 million Hong Kong-listed BYD shares for HK$345 ...