Tag: byd

China’s Electric Vehicle Bubble Is Starting to Deflate
27Jun By adminNo Comments
Technology

China’s Electric Vehicle Bubble Is Starting to Deflate

[ad_1] The world's largest electric vehicle market is putting its crowded infancy stage behind it.The explosive industry in China — supercharged by government subsidies more than a decade ago — now spans about a hundred manufacturers churning out pure-electric and plug-in hybrid models. While that's down from roughly 500 registered EV makers in 2019, the end now looks to be in sight for scores more. The cutthroat market formally transitioned from over-crowded to moderately concentrated in the first quarter, based on the Herfindahl-Hirschman Index, a metric used by academics and regulators to evaluate competition and measure market concentration. The biggest winners are players already at the top, like BYD Co. and Tesla Inc., which have been consolidating their power. According to Wang H...
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China’s BYD to launch luxury electric sedan in India this year
12Jan By adminNo Comments
Technology

China’s BYD to launch luxury electric sedan in India this year

[ad_1] China's BYD to launch luxury electric sedan in India this year. BYD will launch its third passenger electric vehicle in India by the fourth quarter of this year, the Warren Buffett-backed Chinese electric carmaker said during an auto show on the outskirts of New Delhi on Wednesday. The all-wheel drive luxury sedan, BYD Seal, will have a range of 700 kilometres. The company also plans to double its dealer network in the country in 2023, it added. BYD launched its first passenger car in India in October, an electric sport-utility vehicle (SUV), with a plan to corner 40% of the country's electric car market by 2030. The carmaker plans to sell 15,000 units of the Atto 3 e-SUV this year in India, where it has already invested over $200 million, and will set up local manufacturing...
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Buffett-Backed BYD Trounces Tesla as China Economy Reopens
7Jan By adminNo Comments
Technology

Buffett-Backed BYD Trounces Tesla as China Economy Reopens

[ad_1] While shares of Tesla Inc. are melting down lately on demand concerns, Chinese rival BYD Co. is on a tear as investors applaud its record sales year and widening footprint in the world’s biggest electric vehicle market. While shares of Tesla Inc. are melting down lately on demand concerns, Chinese rival BYD Co. is on a tear as investors applaud its record sales year and widening footprint in the world's biggest electric vehicle market.The US-listed shares of Warren Buffett-backed BYD have gained 8.5% over the past month versus a 40% slump for Tesla. They've also beaten a gauge of global EV makers, which has fallen 12%, and outperformed domestic peers Li Auto Inc. and Nio Inc. Investors view BYD as a bellwether for China's EV sector and say the firm is poised to become a key ben...
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BYD Has Tesla In Its Sights After a Year of Runaway Growth
5Dec By adminNo Comments
Technology

BYD Has Tesla In Its Sights After a Year of Runaway Growth

[ad_1] The Chinese mass-market electric-car juggernaut is planning two luxury models to fuel its next phase of growth. Covid lockdowns, supply chain woes and power shortages hampering China's auto industry haven't been enough to halt BYD Co.'s relentless advance to dominate the world's biggest electric-vehicle market. Now, it has Elon Musk's Tesla Inc. in its sights. The Berkshire Hathaway Inc.-backed automaker will enter 2023 on a roll, with record vehicle sales, revenue and profitability, driven by the appeal of its affordable cars in China's mass market. It's now making a play for cashed-up buyers in the premium end of the market with two luxury brands, pitting itself against Tesla's pricier cars. “The two segments BYD doesn't have exposure to are the luxury SUV and sports c...
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Why Your First Electric Car Might Be Chinese
31Oct By adminNo Comments
Technology

Why Your First Electric Car Might Be Chinese

[ad_1] With Europe increasing imports of made-in-China electric vehicles, policy makers risk making all the wrong protectionist moves. Tesla Inc. would have delivered more cars in the most recent quarter but for a shortage of boats. It's having problems finding vessel capacity out of Shanghai. No wonder: China recently overtook Germany as the world's second-largest auto exporter. China's auto exports rose over 50% in the first nine months of this year, shipping out over 2 million vehicles. This isn't just western automakers using China as an export hub; homegrown brands are also finding their footing on the world stage. And demand is being led by Europe, the birthplace of the automobile, where a supply-chain crunch, energy crisis and war in Ukraine continue to hamstring manufacture...
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