BYD Co Ltd
CNBC Daily Open: Magnificent Seven competition heats up
A man walks past the Google signage outside the US tech giant’s Ananta office in Bengaluru, India, on Jan. 5, 2026. Idrees Mohammed | Afp | Getty Images There’s movement going on in the Magnificent Seven group of stocks. Shares of Alphabet, the parent of Google, rose 2.4% on Wednesday, to give the firm a […]
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CNBC Daily Open: Rumbles within the Magnificent Seven
Vcg | Visual China Group | Getty Images There’s movement going on in the Magnificent Seven group of stocks. Shares of Alphabet, the parent of Google, rose 2.4% on Wednesday, to give the firm a market capitalization of $3.89 trillion. Meanwhile, Apple, the parent of the iPhone (so to speak), retreated 0.8%, and ended the […]
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BYD’s China EV deliveries sharply decline in December, but lead overall sales in 2025
MUNICH, GERMANY – SEPTEMBER 09: The Chinese producer of electric cars BYD presents its vehicles (EV) on the opening day of the IAA MOBILITY 2025 automobile fair on September 09, 2025 in Munich, Germany. The IAA is taking place as German automakers are seeing profits lag and are struggling to maintain market share while Chinese […]
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China EVs in 2026 look less like a boom and more like a survival test as global expansion ramps up
Key Points China’s new energy vehicle market is set to see more price competition next year as overall growth slows, analysts predict. Domestic saturation is pushing Chinese automakers such as BYD to expand overseas, including opening local factories. Foreign carmakers still see opportunity, but competition is tightening fast. Source
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Chinese firms rush to pledge millions in fire rescue as Hong Kong fire death toll climbs to 55
Firefighters walk near residential buildings that continue to burn at Wang Fuk Court in the Tai Po district on Nov. 27, 2025 in Hong Kong, China. Isaac Lawrence | Getty Images News | Getty Images Chinese private firms pledged tens of millions of dollars to support rescue and relief efforts after a deadly residential fire […]
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Here’s what’s behind Tesla’s 3-year sales low in China
Tesla sales in China dropped to a three-year low in October, raising concerns the electric vehicle maker could see its first full-year sales decline in the country this year. Fierce competition from local rivals such as NIO and Li Auto — both reporting this week — and a bruising price war in the face of […]
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Asia markets track Wall Street’s stunning reversal in AI-related stocks
A woman uses her mobile phone as she walks past the logo of Japan’s telecommunications giant SoftBank in Tokyo on December 25, 2013. Toru Yamanaka | Afp | Getty Images Tech conglomerate SoftBank plunged more than 10% Friday amid losses across the region’s key benchmarks, after U.S. tech stocks lost ground and investors’ hopes dimmed […]
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Xpeng tops over 40,000 monthly deliveries again as its mass market strategy plays out
SHANGHAI, CHINA – OCTOBER 16, 2025 – New energy vehicles displayed in Xiaopeng Motors store in Shanghai, China on October 16, 2025. (Photo credit should read CFOTO/Future Publishing via Getty Images) Cfoto | Future Publishing | Getty Images While most Chinese electric vehicle makers have seen ups and downs, Xpeng has built a slow and […]
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Ex-Tesla board member reveals how he’s playing the EV boom
There’s one specific trend set to define the automotive industry, according to investor and former Tesla board member Steve Westly: self-driving vehicles. And he says investors should take note. “Waymo and autonomous vehicles are the future, flat out, end of story,” Westly, who sat on Tesla’s board between 2007 and 2010, told CNBC’s “Squawk Box […]
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BYD’s UK sales soar 880%, making it the EV-maker’s largest market outside China
BYD has slashed its sales target for this year by as much as 16% to 4.6 million vehicles, two people with knowledge of the matter said. Cfoto | Future Publishing | Getty Images Chinese electric carmaker BYD sold 11,271 cars in the U.K. last month, the company said on Monday, representing year-on-year growth of 880%. […]
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