Etiqueta: Tesla

A video shared on Chinese social media showed the aftermath of the crash.

Investors may be surprised to see a comparison between BYD and Tesla.

The move aims to reduce reliance on a single supplier and lower costs.

Mexico has announced a major step that could shake up its fast-growing electric vehicle market. The government is planning to impose a 50% tariff on cars

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...