Page 43 - Byd News Today

Tesla EV sales are going strong in China but there are too many auto makers fighting for market share.

EU Investigates Geely: The European Commission, Chinas commerce ministry, BYD and SAIC did not immediately respond to requests for comment. Geely declined to comment but cited its October statement that the company followed all laws and supported fair market competition globally.

Shenzhen carmaker is having the last laugh on Elon Musk as its global deliveries overtake those of US rival.

China’s car sector broke production and sales records last year, buoyed by surging deliveries of electric vehicles and rising exports to markets such as Russia.

 An LNG-fueled car carrier which is billed as China’s first built specifically for the export of domestically made cars set sail yesterday for Europe....

VW’s sales in mainland China and Hong Kong trailed well behind overall market growth, while GM’s mainland China deliveries dropped below its US sales for the first time since 2009.

VinFast Forcast: "This year we plan as the markets recover and as we show more achievements of progress, we will do follow-on transactions ... increasing the free float, bringing in many more investors, including long-only investors," Le Thi Thu Thuy, the former CEO and current VinFast chairperson, told Reuters on the sidelines of the CES trade show in Las Vegas. The free float "hopefully would be 10-20% at least," she said.

BMW AG is spending €650 million ($712 million) to retool its parent factory in Munich into the company’s first site that will only make fully electric vehicles, part of a push to challenge leaders Tesla Inc. and BYD Co.

China Auto Market: VWs two joint ventures in China with FAW and SAIC took a combined 14.2% share in sales terms in 2023, down from 14.8% in 2022, according to data from the China Passenger Car Association (CPCA). Sales of SAIC VW and FAW VW include brands of VW, Audi and Jetta.

StockNews.com lowered shares of Boyd Gaming (NYSE:BYD – Free Report) from a buy rating to a hold rating in a report published on Friday morning. Several other brokerages also recently commented on BYD. Morgan Stanley reduced their target price on Boyd Gaming from $72.00 to $67.00 and set an equal weight rating on the stock […]