Etiqueta: US

Chinese carmaker’s absence from the US, once seen as a weakness, has turned into an asset

In the past few weeks, major news outlets have reported that Chinese automotive giant BYD has overtaken Tesla as the...

The electric vehicle maker’s move to buy the plant is the latest example of Chinese firms outmuscling US rivals across Latin America.

BYD Company posted 24.8% YoY delivery growth in March and expects up to 119% profit growth in Q1 2025, outpacing Tesla. Learn why BYDDF stock is a strong buy.

When Chinese automaker BYD Co. announced plans to build a massive factory in the hardscrabble city of Camacari, in Brazil’s northeastern Bahia state, locals saw a new beginning. After years of economic stagnation following Ford Motor Co.'s exit from the region in 2021, there was hope that the global leader in electric vehicles would bring back well-paying jobs and a brighter future. Brazil, the world’s sixth-largest auto market, is seeing a surge in EV sales—and BYD is leading the charge.

As the automobile industry is shifting toward electric vehicles, the two prominent EV giants BYD and Tesla are contesting head-to-head. BYD, a Chinese-based

The Chinese government seems to delayed the approval of Geely's plans to have Renault build its EVs in Brazil and BYD's plans to build a factory in Mexico.

Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.

Approval from China has taken longer than expected for the projects, with China’s state planner raising concerns that there are tech transfer risks in the Chinese automakers’ plans, Reuters reports.

Last year, BYD sold over 4.2 million cars worldwide, with over 90% of those sales occurring in China. And it doesn’t look like the company is resting on its laurels, for it has just launched its high-end Denza brand in Europe.