BYD Co Ltd
CNBC Daily Open: Worries over BYD and Elon Musk send Tesla shares down
Tesla and SpaceX CEO Elon Musk delivers remarks alongside U.S. President Donald Trump during an executive order signing in the Oval Office at the White House on Feb. 11, 2025 in Washington, DC. Andrew Harnik | Getty Images News | Getty Images Elon Musk is the world’s richest person, and the leader of Tesla, SpaceX, […]
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BYD rolls out driver assistance tech across its EV models — with DeepSeek’s AI help
Key Points Chinese electric car giant BYD announced late Monday that it was releasing a “DiPilot” assisted driving system for its cars, which includes a 69,800 yuan ($9,555) low-cost vehicle. BYD also said it was integrating artificial intelligence from Chinese startup DeepSeek into at least the most advanced version of the new driver assist system. […]
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A complete guide to value investing — how Warren Buffett made his money
Warren Buffett has long been a proponent of value investing — and those principles have helped him amass a personal fortune of around $150 billion . It’s an investing approach that means taking the long view, holding your nerve and avoiding risky behavior — philosophies Buffett learned from economist Benjamin Graham’s 1949 book, “The Intelligent […]
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How EV makers in China are ramping up competition: No down payment and 5-year interest-free loans
A Tesla showroom with its logo and electric vehicles on display, including the Model 3 and Model Y, is seen on January 12, 2025, in Chongqing, China. Cheng Xin | Getty Images Electric car companies in China welcomed the Year of the Snake with a slew of incentives for consumers, after major automakers reported a […]
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Tesla car sales in China fall 11.5% as competition intensifies
A Tesla showroom with its logo and electric vehicles on display, including the Model 3 and Model Y, is seen on January 12, 2025, in Chongqing, China. Cheng Xin | Getty Images Sales of Tesla‘s cars to China fell in January, as competition from domestic rivals continued to heat up. Tesla sold 63,238 units of […]
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Volvo Cars weighs tariffs-led production move, warns of ‘hyper-competitiveness’ in China
Sweden’s Volvo Cars on Thursday reported a 12% rise in full-year operating income and record revenue, but warned of severe market challenges ahead from intensifying electric vehicle competition and global tariffs. The automaker, which is majority-owned by China’s Geely Holding, said operating income came in at 22.3 billion Swedish kronor ($2.04 billion) in 2024 amid an […]
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Why this China-made BYD Shark pickup is drawing attention in the global truck market
BYD Shark plug-in hybrid electric pickup truck Michael Wayland / CNBC DETROIT — There’s a Shark circling one of the greatest profit pools for American automakers globally, as Chinese automaker BYD Auto expands its reach and product portfolio with a pickup truck. Without the vehicle’s branding badge, the BYD Shark could pass as an American-made […]
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Biden administration finalizes crackdown on Chinese vehicles
Chinese made BYD passenger battery electric vehicles and plug-in hybrid electric vehicles collectively known as new energy vehicles in China in a compound in Sheerness, Kent. Issue date: Thursday April 4, 2024. Gareth Fuller | Pa Images | Getty Images President Joe Biden’s outgoing administration is finalizing rules on Tuesday that will effectively bar nearly […]
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China’s electric car boom is expected to slow down in 2025
Key Points China’s electric car market is headed for a sharp slowdown in 2025, according to analyst predictions, increasing pressure on companies trying to survive. Strong sales volumes have enabled “strugglers and stragglers” to hang on despite falling margins, Yuqian Ding, head of China autos research at HSBC, said in a report last week. China’s […]
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BYD brought hundreds of Chinese workers to Brazil on irregular visas, Reuters reports
A drone view shows BYD’s new electric vehicle (EV) factory’s construction site in Camacari, Brazil December 26, 2024. Joa Souza | Reuters Electric vehicle producer BYD brought hundreds of Chinese workers on irregular visas to build a factory in Brazil, a key labor inspector told Reuters on Tuesday, adding the company has pledged to comply with local labor laws for the workers remaining in the country. A total of 163 […]
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