Etiqueta: Tariffs

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.

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UK is a "very high priority" as a market but won't host a plant due to insufficient labour

The European Union Commission has reportedly opened a preliminary probe investigating whether China provided unfair subsidies to support Chinese EV...