Etiqueta: Tesla

The expected entry of China's BYD Auto into the South Korean consumer electric vehicle (EV) market this year will likely intensify competition within the low-cost segment of the market, which globally has seen a stagnation in growth as of late due to the so-called EV adoption chasm, according to industry watchers on Tuesday. 🚘 Chinese EV Maker BYD To Enter South Korean Market in Low-Cost Segment.

The expected entry of China's BYD Auto into the South Korean consumer electric vehicle (EV) market this year will likely intensify competition within the low-cost segment of the market, which...

Warren Buffett’s Berkshire Hathaway has further cut its large stake in BYD, which vies with Tesla as the world’s largest electric car (EV) maker, as global trade tensions escalate over Chinese EVs.

Warren Buffett’s Berkshire Hathaway has further cut its large stake in BYD, which vies with Tesla as the world’s largest electric car (EV) maker, as global trade tensions escalate over Chinese EVs.

Berkshire Hathaway, managed by Warren Buffett, has cut its stakes in Chinese EV firm BYD even though the company trumped Tesla to become the biggest global producer of EVs last year. On Monday, the company’s filing with the Hong Kong stock exchange revealed that Berkshire Hathaway disposed 1.3 million to purchase Hong Kong-listed BYD shares for HK$310. It raised 65 billion yen which is approximately 5 million of US dollar, which is equivalent to 39.8 million US dollars. From this transaction, the ownership of Berkshire in BYD’s H-shares reduced from 7.02% to 6.90%.

The expected entry of China's BYD Auto into the Korean consumer electric vehicle (EV) market this year will likely intensify competition within the low-cost segment of the market, which globally has seen a stagnation in growth as of late due to the so-called EV adoption chasm, according to industry watchers Tuesday.

By Chang Dong-woo SEOUL, June 18 (Yonhap) -- The expected entry of China's BYD Auto...

US equities (^GSPC, ^DJI, ^IXIC) have rallied in the past few months, with some questioning whether "American exceptionalism" is driving this market activity. Outgoing Boeing (BA) CEO Dave Calhoun will testify before a US Senate panel on June 18 to address safety concerns about the Boeing 737 MAX. Warren Buffett's Berkshire Hathaway (BRK-A, BRK-B) is cutting its stake in Chinese EV maker BYD (BYDDY,1211.HK), selling nearly $40 million of its stock. The Biden administration is pushing back against former President Trump's plan to replace income taxes with tariffs. Meanwhile, US Treasury Secretary Janet Yellen has warned that the tariffs could make life even more unaffordable for American consumers. For more expert insight and the latest market action, click here.

Six EVs Were Driven Till They Died, Guess Which One Came Last

Warren Buffett's hedge fund Berkshire-Hathaway continues to reduce its position in BYD stock, renewing concerns about Buffett's outlook on the EV industry