Etiqueta: Sales
China making plans to build and ship EVs from Thailand –...
BANGKOK – China's imported electric vehicles (EVs) are heavily denting US and Japanese car sales in Thailand, prompting Chinese manufacturers to invest
Why did BYD’s 1Q24 profits drop by 47.3% compared to previous...
In the first quarter of 2024, BYD's net profit was CNY4.57 billion (approx. US$630 million), a year-on-year increase of 10.6%, but a significant decrease of 47.3% compared to the fourth quarter of 2023. This highlighted that profitability was impacted by slowing demand for EVs and intense price competition. Market analysis suggests that while the penetration and sales of EVs are growing, it has come with a decrease in profits.
Financial News
Stay informed with Financial News from Volkswagen Group: Discover the latest updates and insights into financial developments on VWGroup.com.
Hong Kong Stocks: Analysts Remain Bullish on BYD Despite Slowdown in...
Among the famous Hong Kong stocks, analysts maintained their bullish outlook on BYD Co. Limited (HK:1211) following the release of its Q1 2024 results earlier this ...
April NEV sales show Changan is a brand to watch
Changan sees big increases in NEV sales in April. The Avatr brand is doing even better in terms of sales growth.
The post April NEV sales show Changan is a brand to watch appeared first on CarNewsChina.com.
Chinese EV makers risk tougher duties over failure to cooperate with...
European Commission warns BYD, SAIC and Geely that their lack of cooperation frees its hands to impose higher penalties, letters seen by POLITICO show.
BYD gunning for European market share with Euro 2024 deal
Chinese automotive powerhouse BYD will use its sponsorship of this summer’s Uefa men’s Euro tournament to support the launch of several new energy vehicle models as it seeks to carve out a 5 per-cent…
VW and GM surprise with big increases in NEV sales
Sales of NEVs from the SAIC joint ventures with GM and VW show sharp increases in April. Are fortunes turning?
The post VW and GM surprise with big increases in NEV sales appeared first on CarNewsChina.com.
CHINA NEWS BRIEF: 2 May 2024
L’Oréal unveils high-tech Suzhou hub; China, Georgia to scrap visas; BYD accelerates Mideast push.
SAIC showcases a hydrogen model at the Beijing Auto Show –...
Through its Roewe brand, SAIC Motor is presenting an imax8 with a hydrogen range extender. It is the only Chinese manufacturer to do so.
