BYD Unveils Two Models in Latest Luxury Sport Utility Push [BNN Bloomberg (Canada)]
Ferrari N.V. Common Shares (RACE)
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Source: BNN Bloomberg
China's biggest automaker unveiled the Super 3 and Bao 8 SUVS at its Shenzhen headquarters Tuesday night in a glitzy livestreamed event. The carmaker didn't specify if the new SUVs are hybrid or pure electric cars. Apart from the two new models, the automaker also displayed Super 9, a conceptual high-performance racing car. The launch is the first in a slew of unveilings in the lead up to the Beijing Auto Show, which runs from April 25 to May 4 and this year takes its place as China's premier car show. While BYD is best known for its range of budget EVs, such as the popular Seagull hatchback — which sells for 69,800 yuan, or less than $10,000 — it is also pushing into the high-end luxury segment of the market. Earlier this year it debuted its most expensive car, the 1.68 million yuan ($232,120) Yangwang U9 high-performance electric supercar to rival Ferrari NV and Lamborghini. BYD already offers one car under the Fang Cheng Bao brand — the Bao 5, also known as the Leopard 5 —
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RACE
News
- Ferrari (NYSE: RACE) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Ferrari enters into a partnership agreement with HPGlobeNewswire
- Lamborghini Tiptoes Toward Electric With New Urus Hybrid SUV [BNN Bloomberg (Canada)]BNN Bloomberg
- Ferrari: Valuation Revving Up Into The Red RPM Zone [Seeking Alpha]Seeking Alpha
- FERRARI TO ANNOUNCE FIRST QUARTER 2024 FINANCIAL RESULTS ON MAY 7GlobeNewswire
RACE
Earnings
- 2/1/24 - Beat
RACE
Sec Filings
- 4/24/24 - Form 6-K
- 4/22/24 - Form 6-K
- 4/22/24 - Form 6-K
- RACE's page on the SEC website