China’s BYD Forecasts Higher Third-Quarter Profit on Record EV Sales
Chinese automaker BYD Co. expects third-quarter profit to rise at least 67% on the back of record electric-vehicle sales. The Warren Buffett-backed maker of electric vehicles and batteries estimated net profit for the quarter at between 9.55 billion yuan ($1.31…
China’s BYD Eyes Lithium Assets In Brazil In EV Raw-material Push
BYD is mulling the purchase of lithium mining assets in Brazil as it seeks to lock in raw-material supplies to expand its electric vehicle (EV) production outside Asia. The Chinese company’s new EV factory in Brazil will include a unit…
BYD Inches Closer to Global EV Dominance As Tesla Sales Dip
Tesla is not done cutting prices in order to remain competitive in the cutthroat Chinese EV market as it just lowered the Model Y tag by the equivalent of US$1,900 there, and continued a Model 3 insurance incentive for next…
Byd India Delivers 200 Atto 3 E-cars On Sept 17 In Select Cities
BYD India, a subsidiary of BYD, has delivered 200 ATTO 3 electric passenger vehicles through a series of events on September 17, 2023 across six major Indian cities – Delhi NCR, Mumbai, Bengaluru, Chennai, Hyderabad, and Kochi. Curated for the BYD ATTO 3 customers, these…
Beijing Blasts Eu For Protectionism While China Ev Stocks Slide
Beijing on Thursday blasted the launch of a probe by the European Commission into China’s electric vehicle (EV) subsidies as protectionist and warned it would damage economic and trade relations, as shares in Chinese EV makers slipped. European Commission President…
BYD Files Trademark For Seagull Electric Hatchback In India
Chinese electric vehicle giant BYD has filed a trademark for its Seagull electric hatchback, hinting at its plans to bring the car to Indian shores. The Seagull was globally unveiled back in April 2023, at the Shanghai 2023 Motor Show as the…
BYD Atto 3 Electric SUV Outsold Tesla Model Y In Sweden Last Month
The Tesla Model Y was Europe’s best-selling car overall in the first half of this year, but competition from Chinese automakers is already starting to show its teeth. While it may or may not be a sign of things to…
China’s Largest Carmaker BYD Faces Tax Investigation In India
Chinese automaker BYD is under an ongoing investigation by the Directorate of Revenue Intelligence (DRI) over allegations of underpaid taxes on imported parts used in its assembled cars sold in the country, reported news agency Reuters. The DRI claims that…
BYD’s Electric Car Manufacturing Plan in India Faces Political Scrutiny, Wants To Drop $1 Billion EV Investment Plan
BYD, the world’s largest producer of electric vehicles (EVs) and plug-in hybrid vehicles, is facing potential challenges with its electric cars manufacturing plan in India. The Indian government has been subjecting investments from Chinese companies to closer scrutiny since 2020,…
BYD Widens Lead Over Volkswagen As China’s Top-Selling Car Brand
BYD extended its lead over Volkswagen as China’s top-selling carmaker, with its wide range of electric vehicles (EV) proving hugely popular among local buyers. After dethroning the German giant for the first time earlier this year, BYD notched up 595,300…
