Etiqueta: Sales

Denza's first flagship store in Hong Kong will open at the end of June, and it will enter more overseas markets in the future.

While BYD made a fortune out of the 900% increase in EV sales in Southeast Asia last year, its regional rival Vinfast is upping the ante

EV stocks are grappling with lower sales and dwindling profit margins, which has left investors wary of the sector’s long-term outlook. However, the high-end EV market lull offers an excellent opportunity to scoop up some undervalued EV stocks. Though the industry is up against major challenges, denying the sector’s incredible long-term potential is tough. These three EV stocks are some of the best picks to bank on amidst the industry’s...

BYD Company Limited's aggressive expansion into global markets with affordable EV options could threaten Tesla and others. Learn more on BYDDF stock here.

The EU is set to impose tariffs of up to 38% on Chinese electric vehicles to stop the dumping of cheap cars. But some auto producers are already scaling back investments in Europe due to poor sales.

China has been accused of dumping cheap electric cars on EU countries. But poor sales, price wars and tariff threats have prompted a change of mood among some Chinese auto producers.

To counteract market dumping, the European Union will slap tariffs of up to 38% on electric vehicles from China. This puts additional strain on China’s EV manufacturers, which already face poor sales in Europe.

UK car dealers are backing Xpeng, Omoda and BYD to be the Chinese brands which make the biggest impact on British roads, a new study has revealed.

Xpeng unveiled its first model under the new Mona sub-brand, as the Chinese electric-vehicle (EV) maker targets the compact car segment and market leader BYD. The M03 pure electric compact sedan will come with intelligent features, the Guangzhou-based company announced on the Chinese microblogging site Weibo on Tuesday. Xpeng did not provide details such as the car's driving range and level of automation. "Xpeng is targeting budget-conscious customers with the new brand," said Chen Jinzhu, CEO o

An aggressive market grab by low-cost Chinese retailers has delivered bumper earnings for some firms but has also intensified a bruising price war, exacerbating deflationary fears in the world's second-largest economy. From coffee to cars to clothes, China's discount retailers have cut prices on just about everything as they chase a consumer whose confidence has been battered by a property crisis, high unemployment and a gloomy economic outlook. "If this situation continues, China may end up with what we call a vicious cycle: lower value added consumption, deflation, low profit rates leading to low wages, which further pushes consumers to downgrade their consumption," said He-Ling Shi, an economics professor at Monash University in Melbourne.