BYD

The growth status of Chinese EV manufacturer, BYD Co. (OTC:BYDDF), is under a cloud of uncertainty following a $12 billion selloff. Concerns regarding the company’s sales targets and its ability to compete in the realm of smart cars have been cited as the key reasons behind the selloff. What...

China’s EV titan, BYD Co Ltd (OTC:BYDDF), confirmed that it would now be a permanent policy to reward those who bring smear campaigns against the company to light. What Happened: According to Reuters, BYD has decided to uphold its initiative of offering up to 5 million yuan ($700,...

While Chinese electric vehicles (EVs) have been gaining popularity globally, their entry into the U.S. market has been notably restricted. What Happened: A report by the Wall Street Journal sheds light on the trade barriers set up by the federal government, which have effectively limited...

China’s leading electric vehicle (EV) manufacturer, Warren Buffett-backed BYD, has announced significant price cuts on several models in a year-end push, heating up its global competition with Tesla Inc. (NASDAQ:TSLA). What Happened: BYD’s price reductions include several Dynasty models...

Bernstein analysts have debated the $649 billion gap in market capitalization between Tesla Inc. (NASDAQ:TSLA) and Chinese EV giant BYD Co Ltd (OTC:BYDDF). What Happened: The analysts argue that BYD is a wiser investment despite Tesla’s 120% share price surge in 2023. They are struggling to...

Xiaomi, a prominent player in the smartphone industry, is now making its grand entry into the electric vehicle (EV) market with the introduction of its first EV, the Xiaomi SU7, in China. The sedan is slated to begin mass production in Dec. 2023. What Happened: Xiaomi Corp. (OTCPK: XIACF) is in the...

Backed by Warren Buffett, China’s BYD Co Ltd (OTC:BYDDF) is on track to surpass Tesla Inc. (NASDAQ:TSLA) in quarterly electric vehicle sales, marking a significant shift in the EV market. According to a report by Barron’s, BYD’s October sales figures...

Charlie Munger, Warren Buffett‘s right-hand man and vice-chairman of Berkshire Hathaway Inc. (NYSE: BRK-A) discussed the challenging landscape of the automotive industry and how the influx of electric cars, new capital requirements and tough unions have complicated the...

Chinese automaker BYD Co. (OTC:BYDDF) is predicting a minimum 67% rise in its third-quarter profit, propelled by unprecedented electric vehicle sales. The firm, backed by billionaire investor Warren Buffett, is estimating a net profit amounting to between 9.55 billion yuan ($1.31 billion) and 11.55...

Wall Street analysts have identified a Chinese electric vehicle (EV) that rivals Elon Musk’s Tesla Inc. (NASDAQ:TSLA) Model 3, at a significantly lower cost. The Seal, produced by China’s EV behemoth BYD Company Ltd. (OTC:BYDDF), backed by Warren Buffett‘s...

Electric vehicle companies have high hopes that increased adoption will happen for the automotive industry. Companies like Tesla Inc (NASDAQ: TSLA) have seen strong market share gains for electric vehicles and the overall automotive sector in regions like the United States. Here’s a look at...

Warren Buffett-backed Chinese EV giant BYD Co Ltd. (OTC:BYDDF) (OTC:BYDDY) announced an 86% surge in its new energy vehicle deliveries for August, reported Barron’s on Saturday. This includes plug-in hybrid and battery-electric vehicles, totaling 24,644 units. What Happened: Battery-electric...

Facebook co-founder raised doubts about the true impact of Tesla and SpaceX, sparking contentious discussions over whether Elon Musk's success might have been achieved through deceptive practices. Facebook co-founder Dustin Moskovitz has cast doubts on the true impact of Tesla Inc. (NASDAQ:TSLA)...

On Wednesday, Cathie Wood-led Ark Invest continued to trim its stake in the Warren Buffett-backed Chinese EV maker, BYD Co Ltd (OTC:BYDDY), while also reducing its holdings in Coinbase Global Inc (NASDAQ:COIN). This comes amidst a competitive global EV market and recent shifts in Ark’s...

On Monday, Cathie Wood-led Ark Invest made a series of trades, the most notable of which involved selling 64,800 shares of Warren Buffett-backed EV maker, BYD CO LTD (OTC:BYDDY) (OTC:BYDDF), through its ARK Autonomous Technology & Robotics ETF (NYSE:ARKQ), and buying up 61,741 shares of Moderna...