BYD

BYD Co Ltd (OTC:BYDDF) (OTC:BYDDY), a Chinese electric vehicle (EV) manufacturer, is venturing into the luxury car market with a series of high-end EVs, including a Lamborghini-style supercar and an SUV with unique features. What Happened: BYD, a company backed by billionaire investor Warren...

In the wake of a booming global electric vehicle (EV) market, Chinese EV titan BYD Co Ltd (OTC:BYDDY) (OTC:BYDDF) is rumored to be holding negotiations with Brazilian lithium producer Sigma Lithium Corp (NASDAQ:SGML), indicating a possible acquisition. What Happened: BYD, the globe’s leading...

In a recent report by market research firm Rho Motion, global electric vehicle (EV) sales experienced a significant increase of 31% in 2023 despite a slowdown in growth. What Happened: Sales of fully electric vehicles and plug-in hybrid vehicles (PHEVs) rose by 31% last year, a deviation from the...

China’s leading electric vehicle (EV) manufacturer, BYD Co Ltd (OTC:BYDDF) (OTC:BYDDY), is reportedly setting up a reward scheme offering 2 billion yuan for its dealers upon reaching their sales targets for 2023. This announcement comes on the heels of BYD’s impressive performance in...

Warren Buffett-backed Chinese electric vehicle giant BYD (OTC:BYDDF), has secured a conditional testing license for level 3 autonomous driving on high-speed roads. What Happened: Reuters reported that BYD made the announcement on Wednesday about its newly obtained conditional license for L3...

Electric vehicle company Tesla Inc (NASDAQ:TSLA) is one of the many companies competing in the highly competitive Chinese automotive market. A new report showed Tesla with the second-largest market share for retail sales in the country. What Happened: Tesla is one of the leading electric vehicle...

The growth status of Chinese EV manufacturer, BYD Co. (OTC:BYDDF), is under a cloud of uncertainty following a $12 billion selloff. Concerns regarding the company’s sales targets and its ability to compete in the realm of smart cars have been cited as the key reasons behind the selloff. What...

China’s EV titan, BYD Co Ltd (OTC:BYDDF), confirmed that it would now be a permanent policy to reward those who bring smear campaigns against the company to light. What Happened: According to Reuters, BYD has decided to uphold its initiative of offering up to 5 million yuan ($700,...

While Chinese electric vehicles (EVs) have been gaining popularity globally, their entry into the U.S. market has been notably restricted. What Happened: A report by the Wall Street Journal sheds light on the trade barriers set up by the federal government, which have effectively limited...

China’s leading electric vehicle (EV) manufacturer, Warren Buffett-backed BYD, has announced significant price cuts on several models in a year-end push, heating up its global competition with Tesla Inc. (NASDAQ:TSLA). What Happened: BYD’s price reductions include several Dynasty models...

Bernstein analysts have debated the $649 billion gap in market capitalization between Tesla Inc. (NASDAQ:TSLA) and Chinese EV giant BYD Co Ltd (OTC:BYDDF). What Happened: The analysts argue that BYD is a wiser investment despite Tesla’s 120% share price surge in 2023. They are struggling to...

Xiaomi, a prominent player in the smartphone industry, is now making its grand entry into the electric vehicle (EV) market with the introduction of its first EV, the Xiaomi SU7, in China. The sedan is slated to begin mass production in Dec. 2023. What Happened: Xiaomi Corp. (OTCPK: XIACF) is in the...

Backed by Warren Buffett, China’s BYD Co Ltd (OTC:BYDDF) is on track to surpass Tesla Inc. (NASDAQ:TSLA) in quarterly electric vehicle sales, marking a significant shift in the EV market. According to a report by Barron’s, BYD’s October sales figures...

Charlie Munger, Warren Buffett‘s right-hand man and vice-chairman of Berkshire Hathaway Inc. (NYSE: BRK-A) discussed the challenging landscape of the automotive industry and how the influx of electric cars, new capital requirements and tough unions have complicated the...

Chinese automaker BYD Co. (OTC:BYDDF) is predicting a minimum 67% rise in its third-quarter profit, propelled by unprecedented electric vehicle sales. The firm, backed by billionaire investor Warren Buffett, is estimating a net profit amounting to between 9.55 billion yuan ($1.31 billion) and 11.55...