Etiqueta: Tesla

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.

BYD (BYDDF) has set a new sales record in the second quarter, driven by price cuts, and is inching closer towards overtaking Tesla (TSLA) once again as the world's top EV seller.

China’s BYD has reported a 21 percent increase in electric vehicle (EV) sales for the second quarter, closing in on Tesla

China's BYD posted a 21 per cent rise in second-quarter electric vehicle sales, closing the gap with Tesla after handing back the world's top EV vendor title to the US rival in the first quarter, reports Reuters.  BYD sold 426,039 EVs in the April-June quarter, according to Reuters' calculati

The company grows mostly thanks to plug-in hybrids.