China EV Exports Jump 140% To Record As Fuel Prices Rise [Yahoo! Finance]
BYD CO LTD UNSP/ADR (BYDDY)
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Source: Yahoo! Finance
being reshaped, and the shift is starting to show up in hard data. Overseas shipments of electric vehicles and hybrids from China rose 140% year over year in March to a record 349,000 units, according to the China Passenger Car Association. BYD Co. ( BYDDF ) accounted for about a third of the total, while Geely Automobile Holdings Ltd. ( GELYF ) and Chery Automobile Co. ranked among the leading exporters. The backdrop is the Iran war, which has pushed fuel prices higher and is drawing consumers back toward EVs and hybrids as a way to manage rising costs at the pump. Warning! GuruFocus has detected 7 Warning Sign with GELYF. Is GELYF fairly valued? Test your thesis with our free DCF calculator. That demand shift is beginning to translate into visible activity across key markets. Showrooms in parts of Asia have been busier over the past month, and data from the UK earlier this month showed electric car sales reached a record in March. PCA Secretary General Cui Dongshu noted that C
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