We have all heard about the woes of renewable energy stocks these days. Macroeconomic uncertainty has disincentivized consumers and businesses to stop investing in clean energy technologies or infrastructure.
Peru's president met with Chinese electric vehicle maker BYD on Wednesday, inviting executives to set up shop on the Andean nation's Pacific coast where another Chinese firm is building a massive port to facilitate trade between the two countries.
The launch of the Seal EV in Japan signifies BYD's (BYDDY) commitment to expanding its footprint in the global EV market, leveraging its competitive pricing and advanced technology.
Warren Buffett's Berkshire Hathaway has accelerated its selling of shares in BYD , China's largest seller of electric vehicles.
China's BYD launched its third electric vehicle in Japan, it said on Tuesday, a sedan that will be its most expensive model on offer so far in a market where consumers have long favoured domestic brands.
Boding well for the U.S. auto sector, the space's new vehicle sales jumped 8.8% last month versus April to 1.44 million. The figure also represented a 5% increase versus the same period a year earlier.
Electric vehicles (EVs) are at the forefront of innovation in transportation. Unlike gas-fueled cars, they can cause less harm to the planet while oftentimes being cheaper due to subsidies.
The electric vehicle (EV) market is still amidst a general slump, particularly in the U.S. and Europe, where interest rates have remained elevated. This could all change very soon, and investors should be ready.
Rivian Automotive has been charting a path toward recovery, making it one of the top EV stocks to buy now. It has bounced back impressively in recent quarters, fueled by promising developments and renewed investor interest.
Though the Zacks Automotive- Retail and Wholesale- Parts industry is currently placed in the bottom 33% of around 250 Zacks industries, stocks like BYDDY and HMC are still worth buying.
Warren Buffett may not be that charged up about electric vehicles. On June 17, news broke that Buffett's Berkshire-Hathaway Inc. NYSE: BRK.B sold $1.3 million shares of BYD Company Limited OTCMKTS: BYDDY.
Over the past week, Berkshire Hathaway sold about 1.3 million shares of Chinese EV maker BYD. Berkshire has cut its stake by roughly two-thirds in recent years.