BYD Co Ltd
China ‘does not agree or accept’ the EU’s EV tariffs, says negotiations are still ongoing
Aerial photograph shows electric cars for export stacked at the international container terminal of Taicang Port in Suzhou, in China’s eastern Jiangsu Province. The EU and China have reportedly agreed to start talks on the planned imposition of tariffs on Chinese-made EVs. Str | Afp | Getty Images China’s commerce ministry said it “does not […]
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CNBC’s Inside India newsletter: A poorly timed IPO?
MUMBAI, MAHARASHTRA, INDIA – 2024/10/21: Hyundai logo is seen on the Hyundai car showroom in Mumbai. Hyundai Initial Public Offer (IPO) will be listed on the stock exchange on 22nd October 2024. (Photo by Ashish Vaishnav/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images This report is from this week’s CNBC’s “Inside […]
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CNBC Pro Talks: China portfolio manager to reveal what he’s buying right now
Chinese markets have been in the spotlight over the last month after the government revealed a slew of stimulus announcements , sending markets higher. As well as measures including interest rate cuts, lower cash reserve requirements for banks, and liquidity support for stock markets, Minister of Finance Lan Fo’an also indicated that the country was […]
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India, China reach pact to resolve border conflict, Indian foreign minister says
India and China have reached a deal on patrolling their disputed frontier to end a four-year military stand-off, the Indian foreign minister said on Monday, paving the way for improved political and business ties between the Asian giants. Estherpoon | Istock | Getty Images India and China have reached a deal on patrolling their disputed frontier to end a […]
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Baidu’s robotaxi unit is exploring expansion into global markets in the ‘near future’
Chinese tech company Baidu announced Monday it can sell some robotaxi rides without any human staff in the vehicles. Baidu BEIJING — Chinese tech company Baidu‘s robotaxi unit, Apollo Go, is in talks with several firms to expand into overseas markets in the “near future,” according to a source familiar with the matter. No details […]
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Chinese EV brands Li Auto and Zeekr report record deliveries for September
A Li L6 by Li Auto is displayed at its booth during the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China, April 25, 2024. Tingshu Wang | Reuters BEIJING — Chinese new energy vehicle brands Li Auto and Zeekr each delivered a record number of cars in September, according to company data […]
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Goldman names its top global battery stocks — giving 2 over 50% upside
Battery prices have been sliding, but Goldman Sachs continues to see promise in the sector, naming four market-leading stocks it’s overweight on. The investment bank’s analysts said global average battery prices could fall to around $80/kilowatt hour by 2026 compared to $110/kilowatt hour this year, in a Sept. 4 equity research note. At this level, […]
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Why EU tariffs are unlikely to dent Chinese EV makers’ European expansion
People look at a BYD Dolphin electric subcompact during the 2023 Shenyang International Auto Show on May 3, 2023 in Shenyang, Liaoning Province of China. Vcg | Visual China Group | Getty Images Chinese electric vehicles will remain competitive in Europe despite the EU’s additional tariffs on autos made in the country, particularly after they […]
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CNBC Daily Open: Soft landing in sight?
People wait in line outside Macy’s before opening on “Black Friday” in New York City on November 24, 2023. The retail sector’s efforts to entice holiday gift purchases builds to a crescendo this weekend with the annual “Black Friday” shopping day followed by the newer “Cyber Monday.” (Photo by Yuki IWAMURA / AFP) (Photo by […]
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BYD sales hit a record in August despite broader China EV slowdown
BYD launched the BYD Seal in Europe at the IAA auto show in Munich, Germany. The electric sedan has a starting price of 44,900 euros ($48,479). Arjun Kharpal | CNBC BEIJING — Chinese electric car giant BYD sold a record number of passenger vehicles in August, with sales of hybrids growing faster than those of […]
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