Depending on who you ask, or where you read your financial news, the chances of a recession in the U.S. during 2025 sits between 45% and 60%. Obviously, this will change how some people invest, at least temporarily.
China;s BYD takes on Tesla
BYD's stock has doubled, outpacing Tesla due to superior growth, investment, and cash production, despite Tesla's poor performance and declining revenues. BYD's advanced 'God's Eye' FSD tech, included for free, surpasses Tesla's Level 2, offering superior environmental perception with LiDAR and radar. BYD dominates the fast-growing Chinese NEV market, while Tesla faces regulatory and consumer backlash, impacting its sales in China, the US, and Europe.
Chinese electric car maker BYD's net profit swelled to $1.3 billion in the first quarter as it continues to surge past its key rival, Elon Musk's Tesla.
Chinese auto giant BYD reported first-quarter earnings on Friday. The carmaker, one of Tesla's biggest rivals, saw its net profits double compared to last year.
Chinese auto giant BYD doubled its net profit in the first quarter due to robust growth in its electric-vehicle business, continuing to outpace Tesla.
China's leading EV maker BYD is overhauling its European operations after strategic missteps including failures to sign up enough dealers and hire executives with local-market knowledge and to offer hybrids in markets resistant to fully electric vehicles, six current and former BYD executives said.
While revealing a set of new products, CATL said that one of its latest battery can add 520 km (323 miles) of driving range to an EV after just five minutes of charging time. The claim would give it a slight edge over rival Chinese EV giant BYD's achievements last month and far ahead of what Western competitors offer.
BYD Company Limited remains a highly competitive automotive and battery producer. With robust fundamentals and continuous innovation, I am upgrading my "buy" thesis. The company shows strong growth prospects, with a 29% revenue increase in 2024, driven by strong vehicle sales, and the continuation of favorable policy tailwinds for the industry. Gross margins are expanding, and are expected to rise further with more higher-end vehicle sales.
BYD Company Limited saw a significant rebound in deliveries in March, with 377,420 new energy vehicles sold, marking a 24.8% year-over-year growth. The company projects Q1 '25 earnings of 8.5-10.0B Chinese Yuan, expecting profits to surge between 86% and 119% year-over-year. While BYD's deliveries in Q1 surged, Tesla's dropped, positioning BYD as the leading, large-cap EV growth play for investors.
A South African mass-transit company is taking the lead in embracing the future of electric buses. Cape Town bus firm Golden Arrow is aiming to cut its emissions, with the help of China's biggest EV maker.
China is delaying approval for plans by Chinese automakers Geely (GEELY.UL) and BYD to produce cars in Latin America as U.S. tariffs fuel trade and economic uncertainties, two people with knowledge of the matter said.