#byd

#byd

Wang Chuanfu, the 59-year-old CEO of BYD, wanted to demonstrate the safety and cleanliness of the batteries developed by his company during a meeting with Berkshire Hathaway, Warren Buffett's company. He did this by drinking a glass of the electrolyte liquid from one of them. The Hathaway crew was stunned. Was this man an idiot or a genius? Years later, having become the richest man in China, the verdict is clear.

Tesla's biggest rival in China, BYD, saw its sales slip for the first time in over 18 months amid China's bruising EV price wars. The Chinese automaker said in an exchange filing on Wednesday that it sold 396,270 cars in September, a 5.5% decline from the 419,426 cars it sold a year earlier. The last time BYD saw a sales drop was in February 2024. That month, BYD sold 122,311 cars, a nearly 37% drop from the 193,655 cars it sold in February 2023.

BYD's latest update to the God's Eye feature includes a self-parking function guaranteed by the brand, promising to cover damages caused during the process.

Stocks that have recently been split may attract new retail investors drawn by lower share prices, making shares appear more accessible despite no inherent value creation.

BYD is halting plans to build a major factory in Mexico due to concerns about US trade policies. Geopolitical issues have a big impact on the automotive industry. Now everybody is rethinking their strategy in other countries.

BYD's plans for a vast network of 1 MW EV chargers indicate a serious commitment to ultra-fast charging, enabling rapid energy replenishment for new electric vehicles.

Labour prosecutors in Brazil have launched a lawsuit against BYD and contractors for illegally trafficking workers who endured conditions likened to slavery on a plant construction site.