Page 27 - Byd News Today

India has agreed to reduce import duties on electric vehicles (EVs) for companies like Tesla, clearing the way for the automaker to enter the Indian market. The reduced duty, from 70-100% to 15%, applies to all global companies, not just Tesla, and is tied to a minimum investment of $500 million. While some argue against such concessions, noting that previous entrants faced no such benefits, the move could open the door for Tesla to compete in Indias growing EV market, which is currently dominat...

Boyd Group Services (TSE:BYD – Free Report) had its target price trimmed by Royal Bank of Canada from C$348.00 to C$337.00 in a research report sent to investors on Thursday, BayStreet.CA reports. The firm currently has an outperform rating on the stock. BYD has been the subject of a number of other reports. ATB Capital […]

Data from car portal 16888.com analysed by Bloomberg shows BYD has cut prices of more than 100 model versions compared with December, and relaunched a further 70 model trims with lower prices. About the only unaffected models come from its launched Yangwang brand, including its newly unveiled supercar, which goes for 1.68 million yuan ($233,000).

Electric vehicles have long come at a premium. But as cheaper models arrive, outer suburban residents are taking to EVs to save on petrol

The region has emerged as one of the hottest EV markets in recent years and could offer Tesla a large customer base at a time when demand is slowing in the United States. "Southeast Asia will undoubtedly be a major place of growth over the coming years in battery storage and electric vehicle adoption," Rohan Patel, senior public policy and business development executive at Tesla, said in a post on X.

Asian equities were largely higher as Hong Kong outperformed, while Japan underperformed and Indonesia was closed for the second day of the Hindu Saka New Year.

Plus Tesla production gets back online in Germany and Chinese automakers may have a new way to sell their cars in America.

Western auto makers seem rattled but the Indian market is still in play for domestic EV manufacturers.

TOKYO -- BYD has announced that it will launch two more electric vehicle models in Japan by 2026, as the automaker hopes to shake up the world's fourt

BYD Seal EV boasts up to 700km range, ADAS, panoramic sunroof, 15.6in infotainment system, and more. - Overdrive