24/7 Wall St. Insights Chinese automaker BYD just issued big recalls of two of its most popular models.
BYD, one of China's leading electric vehicle manufacturers, is recalling nearly 97,000 of its electric vehicles (EVs) due to a manufacturing defect that poses potential fire hazards. The recall, announced by the State Administration for Market Regulation (SAMR) on Sunday, affects BYD's popular Dolphin and Yuan Plus models.
BYD has informed the Chinese regulator it is recalling nearly 97,000 electric vehicles (EVs) for a manufacturing fault involving a steering control unit that could lead to fire risks, the market regulator said on Sunday.
According to a study released by the Brazilian Association of Automotive Manufacturers (Anfavea) on September 27, sales of new all-electric or hybrid vehicles in Brazil are expected to surpass internal combustion engine (ICE) vehicles by 2030.
Chinese automaker BYD is seeking an extension of tariff relief for electric vehicle imports from Mexico's government, a senior executive told Mexican newspaper Reforma in a story published on Friday, as the company aims to build a plant in the country.
Byd Co. (BYDDY) could produce exceptional returns because of its solid growth attributes.
Here is how Byd Co., Ltd. (BYDDY) and Dorman Products (DORM) have performed compared to their sector so far this year.
Byd Co. (BYDDY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Blog Blue Bird, BYD Co and Dorman are included in this Analyst Blog.
BYD , has significantly ramped up hiring, increasing its workforce to more than 900,000 people as of Friday, a senior manager said, making the Chinese electric vehicle giant one of the largest employers in the country.
BYD Company reported record monthly sales in August, which showed 36% year-over-year growth. BYDDF has success both in China and abroad. Exports continued to grow at impressive rates as well, due to the overseas success of models such as the BYD Atto 3. BYD's gross profit margins are solid at 19%, second only to Li Auto, and higher than Tesla's margins.
Chinese electric automaker BYD , aims to sell 4 million vehicles this year, Morgan Stanley said in a report on Monday, suggesting an 11% upward revision to the company's 2024 sales target set earlier this year.