Chinese electric vehicle maker BYD is deliberately avoiding a price war in South Africa as competition ramps up in the continent's second biggest auto market, its local managing director told Reuters on Wednesday.
BYD's sluggish FY25 sales were mostly due to elevated competition domestically (especially for lower ASP vehicles) and lagging progress on intelligent driving. The company clearly acknowledges the laggard of intelligence in a tech-savvy market. Chances are these problems will be resolved by FY26 given its leading R&D efforts. Meanwhile, significant strides in new products in the higher-end market were made along with its strong progress in battery technology.
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BYD announced Wednesday a partnership with KFC to develop a network of "nine-minute," one-stop drive-thru locations in China. These drive-thrus will allow users to consume meals from KFC while waiting for their EVs to charge.
BYD remained under pressure as vehicle sales fell for the seventh consecutive month, reflecting intensifying competition in China's electric vehicle market. Sales dropped 20.5% year-on-year to 300,222 units last month, according to Reuters calculations based on company disclosures and a Weibo post by executive Li Yunfei.
BYD's shares were mixed in Hong Kong and Shenzhen after the company reported weaker-than-expected results for 2025, reflecting a challenging period for the automaker.
BYD has secured a 100,000-vehicle export order from its newly operational factory in Brazil, with shipments split evenly between Argentina and Mexico, according to Executive Vice President Stella Li. Separately, Rivian shares rose Monday after TD Cowen upgraded the stock and raised its price target, as investors focused on the company's R2 mid-size SUV, which CEO RJ Scaringe has described as a “make-or-break product.
BYD (OTCMKTS:BYDDY - Get Free Report) is expected to be issuing its results before the market opens on Monday, March 23rd. Analysts expect the company to announce earnings of $0.17 per share and revenue of $34.4931 billion for the quarter. BYD Trading Down 0.9% BYDDY stock opened at $12.28 on Monday. The company has a
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EV owners are likely to jump at the chance to have a car that "fills up" as quickly as possible. This makes Tesla's proprietary battery-making efforts vulnerable.
The world's biggest maker of electric vehicles released a new electric-vehicle battery that can be fully charged in nine minutes, an effort to address slowing demand and falling market share in the world's largest auto market.