Thai investigation clears BYD over discounts, sources say
Thailand's consumer watchdog has cleared Chinese EV maker BYD , of wrongdoing over its discount practices that have prompted complaints from BYD owners and a subsequent probe by the agency, two sources familiar with the matter said.
BYD reportedly asking demanding price reductions from suppliers
Chinese electric vehicle manufacturer BYD Co (HKG:1211, LSE:0HKY, OTCQX:BYDDY) has reportedly asked dozens of its suppliers for price reductions, according to the state-owned media outlet Yicai. The requests primarily target suppliers of electric control units and sensors, though Yicai suggests BYD Co (HKG:1211, LSE:0HKY, OTCQX:BYDDY)uld expand these demands to other categories among its more than 8,000 suppliers.
Chinese EV maker BYD asks dozens of suppliers for price cuts, Yicai reports
Chinese electric vehicle maker BYD , has requested price cuts from dozens of its suppliers, state-owned news outlet Yicai reported on Friday citing unidentified sources.
BYD: Don't Worry About Supplier Costs
BYD remains a strong buy due to its record sales, international expansion, and robust gross margins despite recent supplier cost concerns. Recent reports (and leaked emails) revealed that BYD is seeking a cost concession of 10%. This has caused concerns about potential profitability challenges. The EV market's shift towards lower-cost models is driving BYD to seek supply chain efficiencies, but its profitability remains solid. BYD leads the EV market segment in terms of margins.
Leaked BYD Note Signals EV Price War About to Intensify
A leaked letter signaled BYD Co. asked suppliers to accept price cuts next year in a signal the Chinese electric vehicle maker is preparing for the price war to intensify. Speaking on "Bloomberg Open Interest," David Welch also reports on what President-elect Donald Trump's tariffs could mean for the auto industry.
BYD Shows China's Car Business Isn't Getting Easier for Anyone, Including Tesla
Prices wars have many casualties, including suppliers who get squeezed by customers looking to save money.
China's BYD sets negotiable price reduction targets for suppliers
Chinese automaker BYD has set negotiable price reduction targets for suppliers of large-scale purchases, a BYD executive's post on social media platform Weibo shows.
Ride the Foreign Auto Industry's Bullishness With These 3 Stocks
With the Zacks Automotive- Foreign industry currently placed in the top 28% of around 250 Zacks industries, stocks like TM, BYDDY and HMC are worth considering.
3 Reasons Why Growth Investors Shouldn't Overlook Byd Co. (BYDDY)
Byd Co. (BYDDY) is well positioned to outperform the market, as it exhibits above-average growth in financials.
BYD says it will launch new generation of blade batteries next year
China's electric vehicle giant BYD said it will launch a new generation of blade batteries in 2025, Chinese state media CGTN reported on Saturday.
BYD to build phase four of industrial park in southern China, Shenzhen government says
Chinese electric vehicle giant BYD plans to build the fourth phase of its industrial park in southern China's Shenzhen-Shanwei Cooperation Zone, the Shenzhen government said on Tuesday.
Are Auto-Tires-Trucks Stocks Lagging Byd Co. (BYDDY) This Year?
Here is how Byd Co., Ltd. (BYDDY) and General Motors (GM) have performed compared to their sector so far this year.
