The company reported a net profit attributable to shareholders of RMB 9.15 billion ($1.26 billion) on Friday, up from RMB 4.57 billion in the corresponding quarter of 2024, and aligning with its estimates provided earlier this month.
Chinese EV maker BYD plans to enter Japan's minicar market in 2026, offering affordable options. It also aims to strengthen global presence and compete with Tesla.
According to a report from Reuters, the company will start sales of Denza brand vehicles in Europe at the end of the year with the EV version of its 1,000 horsepower Z9 GT sport wagon and with a hybrid version in early 2026.
Wedbush Securities analyst Dan Ives has lowered his Tesla Inc. price target to $315 from $550 while maintaining an "outperform" rating, citing growing concerns about the electric vehicle maker's brand perception and softening demand.
Despite Elon Musk's public dismissal of LiDAR as unnecessary for self-driving, Tesla quietly became the top customer of LiDAR supplier Luminar in 2024—just as China surged ahead in global LiDAR dominance.
BYD Company Limited, the world's leading electric vehicle manufacturer for three consecutive years announced a significant capital raise through a placement of new H shares to fund its ambitious global expansion plans and research initiatives.
U.S. President Donald Trump has announced his intention to impose a 25% tariff on auto imports, alongside chips and pharmaceuticals, causing a stir in international trade.
Chinese technology stocks extended gains Tuesday, as investors continued to react to President Xi Jinping's supportive stance toward the private sector demonstrated at Monday's high-level business symposium.
