Tag: $BYD Co Ltd

Chinese electric vehicle maker BYD’s net profit leapt 73.1% in the fourth quarter of 2024 to a record 15 billion yuan ($2.1 billion), it said on Monday, reaping the rewards of lower prices and higher sales than rivals.

Shares in China’s electric vehicle champion BYD touched a new record on Tuesday after founder Wang Chuanfu claimed the Tesla rival can now charge its EVs as quickly as it takes to fill a car with petrol.

China’s BYD on Monday launched an upgraded platform for electric vehicles with 1,000-volt architecture that it said could charge EVs as fast as pumping gas.

Chinese electric vehicle maker BYD is giving something away. Instead of delighting customers, it seems to have annoyed them, showing how hard it is to price cars and satisfy everyone as artificial intelligence makes them better.

BYD shares peaked at a record high on Wednesday after the electric vehicle manufacturer announced a collaboration with AI firm DeepSeek earlier in the week.

China’s best-selling car manufacturer BYD sold a record number of electric vehicles and hybrids globally last year, even as fierce competition took hold in its home market.

Chinese automakers BYD, Leapmotor, and Xiaomi have raced past their annual delivery targets a month ahead of schedule, underscoring their rapid growth and strong market demand as the year comes to a close.

Chinese electric car giant BYD sold a record number of passenger vehicles in August, with sales of hybrids growing faster than those of battery-only cars.

 Uber and Chinese automaker BYD announced a multi-year partnership on Wednesday aimed at bringing 100,000 new electric vehicles to the ride-hailing platform globally.

Turkey will soon unveil an agreement with Chinese electric-car maker BYD Co. for the construction of a $1 billion plant in the west of the country, Turkish officials said.

China’s BYD posted a 21% rise in second-quarter electric vehicle sales, closing the gap with Tesla after handing back the world’s top EV vendor title to the U.S. rival in the first quarter.

Electric vehicle sales are recovering in China. That’s some good news for automotive investors starting a new month. Hybrids, however, are still outpacing all-electric vehicle sales. That can make the coming months tougher on all-electric EV giant Tesla .

Chinese electric vehicles maker BYD has slowed down its plans to build an EV factory in Vietnam, a manager of the industrial park where the plant would be built told a shareholders meeting on Thursday.

Shares of Nio Inc. rose Friday, while those of fellow China-based electric vehicle maker Li Auto Inc. fell, after the companies both reported February deliveries that fell from last year and last month.

BYD the Warren Buffett-backed company that overtook Tesla as the biggest maker of electric vehicles last year, may buy back twice as many shares as previously suggested as it tries to boost its stock price.

Chinese electric vehicle giant BYD on Monday launched a new version of its plug-in hybrid sedan Qin Plus DM-i with a lower starting price, doubling down on price cuts to stay competitive in the world’s largest auto market.

Chinese electric car company BYD said Friday that it launched its flagship Han sedan in the United Arab Emirates this week.

Shares of Chinese automaker BYD listed in China jump more than 5% Tuesday, a day after posting a stellar jump in first half profit.

BYD Co Ltd, on Wednesday cut the starting price of its best-selling Seal sedan by 10%, as the Chinese electric vehicle (EV) giant seeks to extend its lead in the world’s largest auto market with lower-priced products.