Etiqueta: US

BYD has signed a memorandum of understanding with Ayvens to distribute electric passenger cars and light commercial vehicles for European customers.

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

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 just saw its 7 millionth NEV roll off the line on March 25.

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

BYD has launched three BEV models in Tunisia -- Tang EV, Dolphin and Atto 3, and two PHEV models -- King and Song Plus DM-i.

The plant would create around 10,000 jobs, which would put it on a par with the largest plants in the country.

The company grows mostly thanks to plug-in hybrids.

The Song and Qin families continue to be BYD's best-sellers. The Yuan family was the third best-selling BYD model in June, with 36,222 units sold.