BYD Co Ltd

A BYD Seagull small electric car is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center (Shanghai)Vcg | Visual China Group | Getty ImagesLIVONIA, Mich. – A small electric vehicle is having a big impact on the global automotive industry.It's not the EV itself that's making waves but its price — and its potential to disrupt domestic auto industries around the world.The China-built BYD Seagull, a small all-electric hatchback, starts at just 69,800…

BYD electric cars waiting to be loaded onto a ship are seen stacked at the international container terminal of Taicang Port in Suzhou, in China's eastern Jiangsu province on February 8, 2024.STR | AFP | Getty ImagesIn the race against Tesla for the global electric car market, Chinese automaker BYD is pushing hard overseas despite rising barriers to the U.S. market.The Shenzhen-based company has already tested the waters in a number of countries with some immediate sales success, often just one year after entering. Given…

New cars of the "Dolphin" model from Chinese car manufacturer BYD are in the harbor. Picture Alliance | Picture Alliance | Getty ImagesChinese electric vehicle makers shares listed in Hong Kong fell on Tuesday as worries of price wars in the sector grew.China's EV market, the world's largest and most crowded, is seeing fierce competition from local players as well as U.S. giants like Tesla to win as much market share as possible through promotions and price cuts."While across the board price cuts will put pressure on…

Chinese consumer electronics company Xiaomi revealed Thurs., Dec. 28, 2023, its long-awaited electric car, but declined to share its price or specific release date.CNBC | Evelyn ChengBEIJING – Chinese smartphone company Xiaomi believes it's identified a consumer niche that will pay up for its upcoming electric car in a fiercely competitive market."We think it's a good starting point for us in the premium segment because we have already 20 million premium users in China based on the smartphone," Xiaomi Group President…

A Tesla Model Y is seen on a Tesla car lot in Austin, Texas, on May 31, 2023.Brandon Bell | Getty ImagesTesla upgraded the self-driving hardware on the Model Y car it sells in China, Elon Musk's automaker said on WeChat on Thursday, as it looks to boost sales and fend off rising competition from domestic players.The Tesla Model Y will come with Hardware 4.0 (HW 4.0) free of charge when a customer purchases the car. HW 4.0 is a set of cameras, sensors and on-board computer designed to facilitate Tesla's experimental…

LIANYUNGANG, CHINA - JANUARY 17, 2024 - A large number of cars are ready to be shipped for export at the port of Lianyungang, Jiangsu province, China, January 17, 2024. (Photo credit should read CFOTO/Future Publishing via Getty Images)Future Publishing | Future Publishing | Getty ImagesBEIJING — China failed to replace Japan as the world's largest exporter of cars in 2023, despite coming close to doing so, data released this month showed.Japanese customs data showed the country exported 5.97 million vehicles last year,…

Chinese automaker BYD had one of the biggest stands at the IAA show in Munich, Germany in 2023.Arjun Kharpal | CNBCBEIJING — Competition for China's electric car market will continue to heat up in the next two to three years, according BYD, which claimed it wants to work with Tesla to grow the market.Chinese battery and electric car maker BYD has grown rapidly in recent years, with total vehicle production in 2023 surpassing that of Elon Musk's Tesla.Fierce competition in China's electric car market in the last two years…

The front seats of the Aito M9 SUV can be adjusted to create reclining chairs for the second row. Passengers can watch a movie on the roll-down projector screen while storing drinks in a refrigerator compartment.CNBC | Evelyn ChengBEIJING — Hot competition in China's electric car market is pushing local automakers to sell vehicles with fancy tech that Tesla doesn't yet offer in the country — and sometimes at lower prices.No longer are companies competing primarily on driving range. Instead, as they reveal new models at a…

A Tesla Inc. Model 3 long range electric vehicle charges at the Tesla Supercharger station in Kettleman City, California, U.S., on Wednesday, July 31, 2019.Patrick T. Fallon | Bloomberg | Getty ImagesShares of electric vehicle makers and Tesla's Asia suppliers tumbled on Thursday after the EV maker missed fourth quarter revenue and profit targets and warned of slower sales this year.On Wednesday, Tesla said during an investor presentation that vehicle volume growth in 2024 "may be notably lower" than last year's growth…

Tesla and SpaceX's CEO Elon Musk reacts during an in-conversation event with British Prime Minister Rishi Sunak in London on Nov. 2, 2023.Kirsty Wigglesworth | ReutersTesla shares closed down 12% Thursday, their biggest drop in over a year, a day after the company reported earnings that missed expectations and warned of a slowdown in 2024.For most of the day, the stock was headed for its steepest decline since 2020, but narrowly averted that distinction at the close.Tesla reported revenue and earnings on Wednesday that…