BYD Co Ltd

A worker checks the quality of a vehicle before rolling off the assembly line at the production workshop of SAIC General Motors Wuling in Qingdao, East China's Shandong province, Jan. 28, 2023. (Photo credit should readCFOTO | Future Publishing | Getty ImagesGeneral Motors is losing ground in China, its top sales market for more than a decade and one of two main profit engines for the Detroit automaker.The company's market share in the country, including its joint ventures, has plummeted from roughly 15% in 2015 to 9.8%…

People walk along 5th Avenue in Manhattan, one of the nation's premier shopping streets on February 15, 2023 in New York City.Spencer Platt | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.What you need to know todayU.S. retail sales in January jumped 3%, versus an expected 1.9%. The figure handily beat a…

People walk along 5th Avenue in Manhattan, one of the nation's premier shopping streets on February 15, 2023 in New York City.Spencer Platt | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.What you need to know todayU.S. retail sales in January jumped 3%, versus an expected 1.9%. The figure handily beat a decline of 1.1% in…

Tesla CEO Elon Musk speaks at a delivery ceremony for Tesla China-made Model 3 in Shanghai, east China, Jan. 7, 2020.Ding Ting | Xinhua News Agency | Getty ImagesElon Musk said that a Chinese automaker is likely to be the closest competitor to Tesla, while stressing the company is "winning in China" right now.Tesla has a number of challengers in China in the electric vehicle space, including a slew of start-ups such as Nio, Xpeng and Li Auto.related investing newsTesla's biggest rival in China right now is Warren…

Hong Kong, China, 13 Sept 2022, A red Tesla car passes in front of a Tesla dealership in Wanchai. (Photo by Marc Fernandes/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesTesla's Chinese suppliers jumped after the electric automaker slashed prices for some models in China.In a Weibo post, the company said its Model 3 and Model Y vehicles in China would now be priced at 229,900 yuan (about $33,374) and 259,900 yuan, respectively.The latest prices represent a drop of 13% to 24% from four months ago, according to…

A pink Nezha V and black Nezha U Pro electric car models are on display at a store in Shanghai on Nov. 7, 2021.Costfoto | Future Publishing | Getty ImagesBEIJING — Another budget-priced electric car brand is taking off in China, this time selling compact SUVs.Nezha, named after a feisty Chinese mythological character, claims its car deliveries more than doubled in 2022 to surpass 152,000 vehicles. Most deliveries were of the Nezha V, a compact SUV whose post-subsidy price starts at 83,900 yuan ($12,000).related investing…

In this photo illustration, the image of Elon Musk is displayed on a computer screen and the logo of twitter on a mobile phone in Ankara, Turkiye on October 06, 2022.Muhammed Selim Korkutata | Anadolu Agency | Getty ImagesShares in electric vehicle maker Tesla have fallen 28% since October 27, when CEO Elon Musk bought Twitter and appointed himself "Chief Twit," or CEO, of the social media business.By way of comparison, other major automakers like Ford, GM and Volkswagen are slightly up since Oct. 27, as is BYD, a Chinese…

Tesla is recalling more than 80,000 cars in China. Investors will be watching to see if there will be any reputational damaged to the U.S. giant.Future Publishing | Future Publishing | Getty ImagesTesla is recalling more than 80,000 cars in China over software and seatbelt issues, the Chinese market regulator said Friday.The U.S. electric car giant is recalling a total of 67,698 imported Model S and Model X vehicles produced between Sept. 25, 2013 and Nov. 21, 2020, China's State Administration for Market Regulation…

Xpeng said deliveries of its newly launched G9 SUV surged in October from September, despite a drop in the brand's overall monthly deliveries.China News Service | China News Service | Getty ImagesBEIJING — Chinese electric car startup Xpeng delivered about half the number of cars that rivals Nio and Li Auto did in October, according to company statements Tuesday.While the two other startups reported monthly deliveries of more than 10,000 each, Xpeng said it delivered just 5,101 cars — a third-straight month of…

Xpeng showed off its forthcoming G9 SUV at the Chengdu auto show in August 2022.China News Service | China News Service | Getty ImagesChinese electric carmaker Xpeng on Monday revealed its most advanced semi-autonomous driving system as it looks to boost appeal for its vehicles amid rising competition.Xpeng took the wraps off XNGP, its latest advanced driver-assistance system, or ADAS. The software enables the car to carry out some driving functions automatically but requires a driver behind the wheel.XNGP replaces…