Rising fuel prices boost EV interest [Yahoo! Finance]
BYD CO LTD UNSP/ADR (BYDDY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
The electric carmaker last week reported its first decline in annual profit since 2022, but worries over rising gasoline prices has boosted its business. Searches for used BYD vehicles were up nearly fivefold year-on-year in the UK, while its chairman told analysts that the surging cost of energy would push the company's sales to “another level.” It now projects annual overseas sales to hit 1.5 million this year, 15% higher than its earlier forecast. In one advert in Europe, the firm notes: “ Fuel prices change, your plans don't . Save money with a BYD.” — Prashant Rao Recommended Stories
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News
- Chinese carmakers are preparing to sell you an EV for $10,000. Here's why America isn't ready [Los Angeles Times (CA)]Los Angeles Times
- BYD Exports Surge 65% but Domestic Slump Enters Seventh Month [Yahoo! Finance]Yahoo! Finance
- China's EV Giant BYD Misses Earnings, Enters Brutal New Phase Of Competition [zero hedge]zero hedge
- BYD Has Hit A Rough Patch. It Still Plans To Sell 1.5 Million Cars Outside Of China This Year [Yahoo! Finance]Yahoo! Finance
- BYD Signals 15% Export Beat, Targets 1.5 Million Vehicles by 2026 [Yahoo! Finance]Yahoo! Finance