BYD

Chinese EV giant, BYD (OTC:BYDDF) (OTC:BYDDY), backed by Warren Buffett‘s Berkshire Hathaway, is set to make a bold move in the luxury EV market with the unveiling of its premium brand’s first sedan at the Beijing auto show, posing a direct challenge to luxury automakers such as Mercedes-Benz...

Asset manager Jason Hsu has suggested that the current low valuation of Chinese stocks presents an attractive investment opportunity. What Happened: Hsu, who serves as the chairman and chief investment officer of Rayliant Global Advisors, believes that the current low valuation of Chinese stocks is...

Chinese electric vehicle (EV) manufacturers are introducing unconventional features such as in-car beds and kitchens to boost sales amid a domestic market slowdown. This move could potentially pose a challenge for Western automakers. What Happened: The Chinese EV market, known for its innovation,...

The market value of Tesla Inc (NASDAQ:TSLA) has plummeted by a staggering $234 billion this year, surpassing the combined worth of industry giants such as McDonald’s Corp ($212 billion), Walt Disney Co ($202 billion), and Nike Inc ($148 billion). What Happened: Tesla’s market value has...

The shares of electric vehicle heavyweight, Tesla Inc (NASDAQ:TSLA), have seen a significant drop, largely due to CEO Elon Musk‘s many unfinished projects and escalating competition. What Happened: Tesla is dealing with several issues including a growing competition, noted investor...

The electric vehicle (EV) market has been a hotbed of investor activity, with Tesla Inc (NASDAQ:TSLA) being a prime focus. However, a prominent fund manager has advised against investing in EV stocks and suggested alternative options. What Happened: Freddie Lait, the Chief Investment Officer at...

In a surprising development, China has offered to support Hungary in security matters, a move that could potentially challenge NATO’s influence in Europe. What Happened: China has expressed its willingness to extend support to Hungary in public security matters, a step that goes beyond their...

BYD Co Ltd (OTC:BYDDF) (OTC:BYDDY), a Chinese electric vehicle (EV) manufacturer, has announced a new stock buyback plan and the expansion of its luxury car production, in a bid to counteract a recent stock price slump. What Happened: BYD, backed by billionaire investor Warren Buffett, has...

In a significant move, China’s leading battery and car manufacturers have come together to develop solid-state batteries, a technology that could revolutionize the electric vehicle (EV) market. What Happened: The Chinese government has initiated a national alliance to drive the...

Elon Musk‘s Tesla Inc (NASDAQ:TSLA) has made a surprising $1.79 billion in revenue from this side hustle, according to a recent report. What Happened: Tesla’s regulatory-credit sales in 2023 were revealed in a recent filing with the Securities and Exchange Commission. This income came...

Editor’s note: A previous version of this story mistakenly stated that RYCEY was the stock ticker for Rolls-Royce Motor Cars Ltd. However, it is actually the stock ticker for Rolls-Royce Holdings plc, a separate entity from Rolls-Royce Motor Cars Ltd, which is a wholly-owned subsidiary of BMW...

Warren Buffett-backed, China’s leading battery and electric vehicle (EV) manufacturer, BYD Co Ltd (OTC:BYDDY) (OTC:BYDDF), is bracing itself for tough competition in the country’s EV market over the next two to three years and is keen to work with Tesla Inc (NASDAQ:TSLA). What Happened...

In a recent earnings call, Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk said that Chinese automakers could “demolish” their global counterparts if not for existing trade barriers. What Happened: Musk praised the competitiveness of Chinese car companies during a Tesla earnings call. He...

In a recent social media post, a senior executive at BYD Co Ltd (OTC:BYDDY) (OTC:BYDDF) issued a warning to Tesla Inc (NASDAQ:TSLA) CEO Elon Musk about potential hurdles in the field of intelligent driving systems. What Happened: Zhao Changjiang, the head of sales at BYD’s Denza joint venture...

In a recent development, China has criticized the European Union’s (EU) investigation into Chinese electric vehicle (EV) manufacturers over state subsidies, warning that the probe could strain trade relations. What Happened: Xi Jinping‘s representative to the EU, Fu Cong, has labeled...