Etiqueta: Sales

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.

Chinese new energy vehicle maker BYD said earlier this month it will launch in Argentina on October 8, expanding its presence in South America two months after starting local passenger vehicle prod…

The Chinese EV firm has officially opened its 100th franchised dealership in the UK, just less than 30 months after its initial UK retail launch in April

BYD projects to export between 800,000 and 1 million units in 2025, which is about 20% of its total sales.

STORY: China’s BYD forecast exports will make up about 20% of its global sales this year...Helped by the EV maker’s launch of new models. That’s according to the South China Morning Post Monday (September 29).Citing an executive, it said BYD’s projected total sales for the year are 4.6 million units…And it forecasts up to 1 million of those deliveries outside mainland China. That confirmed a Reuters report earlier this month that BYD has slashed its sales target for 2025 by up to 16% to 4.6 million vehicles.That’s as the Chinese EV company faces its slowest annual growth in five years.It could spell the end of an era of record-setting expansion.BYD said exports will make a greater contribution in the years to come, according to the SCMP.And BYD's own fleet of car-carrier ships supported the export surge.It added that in 2024, BYD's sales outside the mainland accounted for less than 10% of its total of 4.26 million deliveries.

Chinese EV giant BYD projects 800,000, 1 million overseas deliveries in 2025, fueled by expanded logistics, European factories, and showroom growth.

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).

Chinese EV giant BYD Co. Ltd. (OTC: BYDDY) (OTC: BYDDF) expects its overseas sales to make up about 20% of its total deliveries in 2025.

Strong vertical integration, particularly in terms of its shipping network, are helping to propel BYD’s global ambitions. By Stewart Burnett

While discounting helped make BYD the most popular EV brand in China, the tactic could backfire in Japan.