Etiqueta: Tesla

Tesla rival says follow-on Hong Kong offering is the biggest in the global automotive sector in a decade

The Chinese automaker plans to raise $5.6 billion via a share placement to enhance investments in cutting-edge technology and strengthen its competitive edge over rival Tesla.

Elon Musk's recent political decisions as an advisor to Donald Trump are already affecting Tesla's sales in Europe. Tesla sold fewer than 10,000 units in Europe last mont

The European Commission yielded to pressure from European automakers on Monday by giving them three years, rather than only one, to meet new CO2 emission targets for their cars and vans.

Chinese electric vehicle maker BYD is aiming to raise as much as 40.7 billion Hong Kong dollars ($5.2 billion) in what would be Hong Kong’s biggest share sale in nearly four years. The company is offering 118 million shares at 333 to 345 Hong Kong dollars each, according to terms of the deal seen by Bloomberg News. That implies a discount of up to 8.4 percent to BYD’s closing price on Monday, according to Bloomberg calculations. The transaction marks Hong Kong’s biggest share sale since food-del

The company is offering 118 million shares at HK$333 to HK$345 each, according to terms of the deal seen by Bloomberg News. That implies a discount of...

Chinese EV giant BYD Co sold 318,233 new energy passenger vehicles in February, marking a jump of 161.4% from last year, thanks to a major jump in plug-in hybrid passenger vehicle sales, the company said on Sunday.

China’s electric vehicle (EV) makers are gaining speed as demand for clean energy cars keeps rising. Li Auto ($LI), XPeng ($XPEV), Nio ($NIO), and BYD ($BYDDF) all ...

As price wars threaten profits and innovation, Beijing struggles to curb the cycle of involution—but can it succeed without the biggest industry players on board?