BYD

In a surprising development, China has offered to support Hungary in security matters, a move that could potentially challenge NATO’s influence in Europe. What Happened: China has expressed its willingness to extend support to Hungary in public security matters, a step that goes beyond their...

BYD Co Ltd (OTC:BYDDF) (OTC:BYDDY), a Chinese electric vehicle (EV) manufacturer, has announced a new stock buyback plan and the expansion of its luxury car production, in a bid to counteract a recent stock price slump. What Happened: BYD, backed by billionaire investor Warren Buffett, has...

In a significant move, China’s leading battery and car manufacturers have come together to develop solid-state batteries, a technology that could revolutionize the electric vehicle (EV) market. What Happened: The Chinese government has initiated a national alliance to drive the...

Elon Musk‘s Tesla Inc (NASDAQ:TSLA) has made a surprising $1.79 billion in revenue from this side hustle, according to a recent report. What Happened: Tesla’s regulatory-credit sales in 2023 were revealed in a recent filing with the Securities and Exchange Commission. This income came...

Editor’s note: A previous version of this story mistakenly stated that RYCEY was the stock ticker for Rolls-Royce Motor Cars Ltd. However, it is actually the stock ticker for Rolls-Royce Holdings plc, a separate entity from Rolls-Royce Motor Cars Ltd, which is a wholly-owned subsidiary of BMW...

Warren Buffett-backed, China’s leading battery and electric vehicle (EV) manufacturer, BYD Co Ltd (OTC:BYDDY) (OTC:BYDDF), is bracing itself for tough competition in the country’s EV market over the next two to three years and is keen to work with Tesla Inc (NASDAQ:TSLA). What Happened...

In a recent earnings call, Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk said that Chinese automakers could “demolish” their global counterparts if not for existing trade barriers. What Happened: Musk praised the competitiveness of Chinese car companies during a Tesla earnings call. He...

In a recent social media post, a senior executive at BYD Co Ltd (OTC:BYDDY) (OTC:BYDDF) issued a warning to Tesla Inc (NASDAQ:TSLA) CEO Elon Musk about potential hurdles in the field of intelligent driving systems. What Happened: Zhao Changjiang, the head of sales at BYD’s Denza joint venture...

In a recent development, China has criticized the European Union’s (EU) investigation into Chinese electric vehicle (EV) manufacturers over state subsidies, warning that the probe could strain trade relations. What Happened: Xi Jinping‘s representative to the EU, Fu Cong, has labeled...

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...