Etiqueta: Tesla

Chinas EV champion BYD has suffered a massive $45 billion stock sell-off, losing more than 30% of its market value in just four months. The sell-off is mainly due to a sharp 30% plunge in BYD's June-quarter profit, marking its first profit drop in over three years.

One of China’s most famous electric vehicle makers, BYD Co., has seen its stock tumble in dramatic fashion. In just four months, the company’s Hong

At the same time, rivals including Geely Automobile Holdings Ltd. and Zhejiang Leapmotor Technology Co. are gaining ground. “While I believe investors retain a positive long-term view, there is a real concern around BYD’s aggressive ‘market share gain by pricing pressure’ strategy in the anti-involution context,” said Kevin Net, head of Asian equities at Financiere de L Echiquier.

The company’s profit slid for the first time in more than three years, delivery targets were cut, and rivals like Geely and Leapmotor are winning share as Beijing cracks down on price wars.

NEW YORK, Sept 14 — Electric car rivals BYD and Tesla are set to be the biggest losers from Mexico’s proposed 50 per cent tariff on autos imported from China, triggering a...

China uses subsidies extensively to take a leading role in the global markets of green-tech products such as battery electric vehicles and wind turbines. Against the background of the current EU investigations into Chinese subsidies in these sectors, this article takes a careful look at the Chinese subsidy system and provides new data on direct government subsidies to leading Chinese producers of electric cars and wind turbines. Extensive government support has allowed Chinese companies to scale up rapidly, to dominate the Chinese market and to expand into foreign markets. The article concludes that the EU should use its strong bargaining power due to the single market to induce the Chinese government to abandon the most harmful subsidies.

BYD is suffering its first serious scare and is seeing its success falter. The Chinese giant of electric cars that not long ago surpassed Tesla in sales has

Tesla's sales are shrinking, but this EV maker continues to grow.