Etiqueta: Tesla

BYD delivered a total of 426,000 pure electric vehicles in Q2. Most current Wall Street estimates are for Tesla to deliver 420,000 in Q2.

Chinese electric vehicle (EV) automaker is allegedly closing the gap with Tesla after Q2 2024.

BYD, the Chinese EV manufacturer, set a new monthly sales record in June, surpassing its previous highest result from December 2023.

BYD Company (BYDDF, BYDDY) partnering with French leasing company Ayvens to expand sales in Europe. Read more here.

With Tunisia aiming to reduce its greenhouse gas (GHG) emissions by 46% by 2030, Chinese carmaker BYD is preparing to invest in the manufacture of electric vehicles and the development of intelligent transport solutions.

Chinese EV maker BYD (BYDDY) spiked over 20% in its second quarter EV sales, closing the gap behind Tesla (TSLA). Barclays estimates an 11% drop in second-quarter deliveries for Tesla, potentially losing its lead the market. Hurricane Beryl, currently making its way through the Caribbean into the Gulf of Mexico, has become a Category 5 storm, and the earliest Category 5 hurricane on record in the Atlantic. Mixed with rising tensions in the Middle East, Oil (BZ=F, CL=F) have begun to rise with some analysts predicting it can reach over $90 a barrel. The latest Job Openings and Labor Turnover Survey (JOLTS) is expected to show 7.9 million openings, while Federal Reserve Chair Jerome Powell is expected to speak at the ECB Forum. Trending tickers on Yahoo Finance include Tesla (TSLA), Chewy (CHWY), and BYD (BYDDY) . Top guests today include: 9:05 AM: Thomas Simons, Jefferies Senior US Economist9:20 AM: Michele Schneider, Marketgauge.com Chief Strategist10:05 AM: David Doyle, Macquarie Head of Economics10:45 AM: Mark McCormick, TD Bank Global Head of FX and EM Strategy

BYD Company reported a 21% increase in Q2 EV sales, with 426,039 units sold. Tesla faces a 6% drop in deliveries amid tough competition in China.

STORY: China's BYD saw sales accelerate by just over a fifth in the second-quarter. It helped the electric vehicle maker close the gap with rival Tesla for the title of world's top EV...

Experts say price cuts and a shift in consumer preference from gasoline-powered vehicles to EVs are driving strong sales for Chinese EV makers.

BYD has achieved record-breaking sales of electric and hybrid vehicles in the second quarter, according to sales data compiled by Bloomberg News.