Etiqueta: Sales

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 ...

Uruguay EV Sales Report June: BYD Dominates, Unreal Growth Brings BEV Market Share to 15%!

A Thai investigation into discounts from BYD Company will continue despite a cash-back program by its distributor, Rever Automotive. Thai consumers, feeling overcharged for their EVs, prompted the ongoing probe.