Etiqueta: toyota

Signs are that U.S. President Donald Trump’s 25% tariffs on auto imports are causing companies to recalibrate their strategies.

EV maker's strong earnings clash with a revenue miss, testing BYD's global ambitions under tariff scrutiny

STORY: BYD's first-quarter profit leapt more than 100% from a year earlier.It was the fastest pace in nearly two years for the Chinese electric vehicle giant.And it extends BYD's lead in its competitive home market after the carmaker launched an EV price war.A stock filing showed Friday (April 25) net profit reached $1.26 billion - roughly in line with projections.Revenue came in at $23.3 billion during the quarter, up over 36% year-on-year.China's biggest EV maker has made waves in the market over the past few months as it tries to extend its lead in its home market.It offered its "God's Eye" driver-assistance system as a standard feature at no extra cost across its lineup.And it unveiled a new super-charging EV technology platform.It led rivals like Geely and Toyota to follow suit with affordable EVs containing smart features.Outside of its home market, the automaker has targeted exports of 800,000 vehicles this year.

BYD's first-quarter profit leapt 100.4% from a year earlier, the fastest pace in nearly two years, as the Chinese electric vehicle giant extends its lead in its competitive home market by launching a smart EV price war. Net profit totalled 9.2 billion yuan ($1.26 billion), a stock filing showed on Friday, compared with the company's earlier estimate of 8.5 billion yuan to 10 billion yuan. Revenue came in at 170.4 billion yuan in the quarter, up 36.4% year-on-year versus a 10.6% rise in the previous quarter.

China's smart NEV market has been dominated by local brands, but global auto brands have caught up, said Deutsche Bank.

Auto Shanghai 2025 leaves no doubt – China has become the epicenter of the electric automotive world. While Europe is hustling, the Americans are hustling, and the Japanese are quietly manufacturing in China, Shanghai is buzzing with the electric future. It is now the center of the automotive world. And Europe is only third, right after the USA.

Booths of big Chinese, German and Japanese automakers are bustling at Shanghai's auto show as the industry keeps its sights on the wider global market not subject to steep U.S. tariffs on imports of cars and auto parts

The Lexus ES was modeled at the Shanghai Motor Show in Shanghai, China — introducing the world to Lexus' next generation of electrified vehicles.

The world's auto industry is getting a shake-up from Chinese automakers that are quickly expanding across the globe, offering relatively affordable electric vehicles designed to wow car buyers with sleek designs and the latest high-tech interiors.

Watch live as China’s largest auto show opens to the media in Shanghai, including press conferences by Toyota and BMW.