Etiqueta: Tariffs

China’s BYD recorded revenues of 777 billion yuan ($107 billion) for 2024, surging ahead Elon Musk’s Tesla in annual sales amid intensifying competition in the global market for clean-energy cars.

Cars News: The company is aggressively marketing in Europe, launching ad campaigns and showrooms, but faces geopolitical hurdles. EU regulators are investigating

The Shenzhen-based firm says revenue for last year came in at $107bn, boosted by sales of its hybrid vehicles.

Hyundai (HYMTF) is planning to expand in the US, with the automaker set to spend about $21 billion in the US through 2028. Additionally, shares of Chinese automaker BYD (BYDDY) jumped as the company reported better-than-expected earnings results, beating Tesla's (TSLA) full-year 2024 sales. Yahoo Finance Senior Reporter Pras Subramanian joins Market Domination hosts Julie Hyman and Josh Lipton to discuss Hyundai's expansion, BYD's earnings, and declining Tesla sales in Europe. To watch more expert insights and analysis on the latest market action, check out more Market Domination here.

The Chinese EV maker topped Tesla in total revenue last year as it builds its home-market lead

Chinese carmaker BYD saw a surge in revenue last year, surpassing the $100 billion mark and beating rival Tesla as the electric vehicle giant accelerates its overseas expansion.That figure eclipsed the $97.7 billion in revenue last year announced previously by Tesla.

The results underscore BYD’s growth in China as US rival Tesla has declined, driven by younger car buyers who increasingly turning to cheaper, local brands.

BHPian shankar.balan recently shared this with other enthusiasts:I have been curious about the BYD Sealion 7 - I visited PPS BYD in Mahadevapura.Being a Sunday morning there was no traffic. I test drove ...

European Commission targets BYD suspecting unfair financial help from China's government for the electric-vehicle automaker's Hungary plant being constructed with imported Chinese labor.

The Fed's favorite inflation measure will cap the week -- a hot reading could delay interest rate cuts