China EV maker – pressnews

[ad_1] Even as the supercharged rally in Tesla Inc. cools on weaker sales growth, expectations are ramping up for China's top electric-vehicle maker BYD Co. thanks to record-high profits.BYD is rapidly closing in on Tesla as the world's biggest seller of pure electric vehicles. Yet shares of Elon Musk's company are still up 68% this year, even with the recent pullback, far outpacing the 28% rise in BYD's Hong Kong-listed stock. That could be poised to change. Traders have snapped up bullish options on BYD, while analysts have raised earnings-per-share projections for the Chinese company to a record high since its preliminary quarterly report this month. BYD posted all-time high sales despite intensifying competition and a broader slowdown in sales of China's new-energy cars. We are now ...

[ad_1] While Chinese tech companies have long harbored ambitions to move into the electric car industry, EV upstart Nio Inc. has gone the other way — on Thursday releasing its first mobile phone.The unprofitable automaker is targeting its loyal customer base with the phone, which will sync with Nio cars to act as a key fob, view information such as battery charge, and control functions like self-parking and the in-cabin infotainment system. The Android-based handset will be priced from 6,499 yuan ($890) — the same as Huawei Technologies Co.'s latest flagship Mate 60 Pro — Nio said as it unveiled the phone at its ‘Innovation Tech Day' in Shanghai. “We want our phone to connect seamlessly with the car, and bring a better user experience to our car owners,” founder and Chief Executive Offi...

Tag: China EV maker

Tesla woes bolster appeal of top China EV maker BYD: Tech Watch

Unprofitable China EV maker Nio unveils phone for drivers