Chinese electric vehicle giant BYD is offering discounts until Jan. 26 on two of its hybrid and EV models, according to its website.
A task force said it had rescued 163 Chinese nationals who were working in “slavery-like” conditions at BYD's construction site in northeastern Brazil.
Chinese electric vehicle producer BYD's contractor Jinjiang Group stated on Thursday that the Brazilian authorities' portrayal of their employees as enslaved is completely inconsistent with the facts.
About 163 workers were found in slavery-like conditions at a construction site for carmaker BYD in Brazil's Bahia state, labor authorities said during a press conference on Monday.
BYD Company (BYDDY 3.10%) stock raced 3% higher through 11 a.m. ET Tuesday after the business passed a significant production milestone -- one that puts it head and shoulders above electric vehicle (EV) archrival Tesla (TSLA 0.46%).
This year hasn't been a great one for shareholders of most electric vehicle (EV) stocks. While the S&P 500 is up since the end of 2023, the S&P Kensho Electric Vehicles Index is down for the same timeframe.
It's been a wild ride for electric vehicle (EV) stocks over the past few years as rising inflation and parts shortages pushed vehicle prices higher (leaving some buyers on the sidelines) and caused production hiccups for many companies.
China's top electric vehicle producer BYD is set to show further market share gains when November vehicle sales data is released on Monday, putting it on course to exceed its annual goal and overtake Ford and Honda in global sales.
BYD just smashed its annual delivery target a month ahead of schedule. The automaker has thrown down a gauntlet for Tesla, which faces a battle to beat 2023's record sales.
Joseph McCabe, president and CEO of AutoForecast Solutions, discusses the future of the global automotive industry and why Chinese automaker BYD is "the juggernaut in our story" even though Elon Musk's Tesla is earning more.
Automakers like BYD, Leapmotor and Xiaomi have surpassed their annual delivery targets a month early as the year draws to a close. Zeekr, Xpeng and BYD had record monthly deliveries in November.
Here is how Byd Co., Ltd. (BYDDY) and General Motors (GM) have performed compared to their sector so far this year.