Etiqueta: Tariffs

Trade Headwinds Meet Tech Push: BYD's Q1 Profit Boom Ahead

BYD Company reports 60% sales growth in Q1 2025, unveils luxury Denza Z sports car, and forecasts doubled profits.

BYD Company ($BYDDF) ($BYDDY) is gearing up to report Q1 earnings on April 25, with forecasts pointing to a massive profit surge despite global tariff pressures. Th...

The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial Times

BYD is said to have already planned an attack on Tesla and its over for Tesla due to welcoming competitor Denza and its latest supercar to Europe

Rob and Jesse talk with Chinese auto market expert Michael Dunne.

SHANGHAI (Reuters) -China's annual major auto shows have become a showcase for the rise of ever-cheaper, better-performing electric vehicles and more confident local brands in the world's biggest market for cars. But the Shanghai auto show opened on Wednesday amid deep industry-wide uncertainty over how the U.S.-China trade war could dampen demand and scramble supply chains as 100 more models launch into an already crowded market with more losers than winners. In a further complication, Chinese regulators signalled more and tougher scrutiny for smart-driving features that many automakers had seen as the next big thing in setting apart their cars from competitors just a week ago.

SHANGHAI (Reuters) -China's annual auto shows have become the world's premier showcase for the rise of ever-cheaper, high-tech electric vehicles from domestic brands in the world's biggest car market. But the Shanghai auto show opened on Wednesday amid industry-wide uncertainty over how the U.S.-China trade war could sap demand and upend supply chains as about 70 automakers launched more than 100 new models into a crowded market with more losers than winners. Automakers also wrestled with a Chinese government crackdown, announced last week, on the marketing of smart-driving systems that many industry executives view as the next technological battleground here.

Chinese electric vehicle giant BYD has already beaten out long-standing frontrunner Tesla in sales of electrified vehicles. And now it’s coming for luxury sports cars.

The global automotive industry has been experiencing a seismic shift since 2 April. The US administration has imposed customs duties of 25% not only on imported vehicles, but also on the spare parts essential to their manufacture, as well as on steel and aluminium. A protectionist measure with potentially devastating…