Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

BYD sales surge amidst growing EV competition

Published

on

BYD, the Warren Buffett-backed carmaker, has reported a significant jump in sales, positioning itself as a formidable competitor to Western electric vehicle makers.

In the first quarter of this year, BYD sold 626,263 new-energy vehicles, comprising both EVs and plug-ins, marking a 13% increase from the previous year.

This surge in sales was particularly pronounced in March, with a remarkable 46% increase following a slight dip in the preceding two months.

At the end of 2023, BYD surpassed Tesla as the world’s largest seller of electric vehicles on a quarterly basis, underscoring its growing influence in the EV market.

Investors are closely monitoring BYD’s performance, especially in comparison to Tesla, which has long dominated the EV space but has experienced a slowdown in sales growth over the past year.

Global sales

In the first quarter of 2024, BYD sold approximately 300,114 pure EVs globally, representing a 13% increase compared to the same period last year.

Additionally, sales of plug-in hybrids, which accounted for 52% of BYD’s total first-quarter sales, rose by 14% to around 324,000 vehicles.

Analysts anticipate Tesla to deliver approximately 457,000 vehicles globally for the January-to-March period, although some predict weaker results, potentially marking the first year-over-year decline in sales since the pandemic lockdowns of 2020.

Tesla CEO Elon Musk has cautioned about slower growth in 2024 as the company focuses on ramping up production of its recently launched Cybertruck.

While Tesla plans to introduce a more affordable EV in late 2025, its current model lineup faces increasing competition from both established automakers and emerging startups in the EV market.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

Continue Reading

News

Israel launches its new “Iron Beam” laser system

Israel’s new “Iron Beam” laser defense system to deploy by year-end, promising cost-effective missile interception.

Published

on

Israel’s new “Iron Beam” laser defense system to deploy by year-end, promising cost-effective missile interception.


Israel’s Defence Ministry says its new “Iron Beam” laser system will be deployed by year’s end. The technology is designed to destroy incoming missiles, rockets, drones and mortars with precision.

Developed by Rafael Advanced Defense Systems in partnership with Elbit Systems, Iron Beam will sit alongside existing defences such as Iron Dome, David’s Sling and Arrow. Unlike traditional interceptors which can cost tens of thousands of dollars per shot, the laser comes at negligible expense.

Officials call it the world’s first high-power laser interception system to achieve operational maturity, hailing it as a game-changer for modern warfare. Military leaders expect the system to reshape air defence capabilities and cut costs dramatically.

#Israel #Defence #LaserWeapons #TickerNews


Download the Ticker app

Continue Reading

News

Stephen Colbert’s opening monologue on Jimmy Kimmel

Stephen Colbert condemns censorship and calls out Trump in powerful monologue dedicated to Jimmy Kimmel’s suspended show.

Published

on

Stephen Colbert condemns censorship and calls out Trump in powerful monologue dedicated to Jimmy Kimmel’s suspended show.


Stephen Colbert’s opening monologue is being hailed as one of the most powerful moments in modern late-night history. Standing on stage at the Ed Sullivan Theatre, Colbert dedicated his show to Jimmy Kimmel and his team after ABC suspended Kimmel’s programme under pressure from Washington.

Colbert called the move “blatant censorship” and directly accused President Trump of acting like an autocrat. “With an autocrat, you cannot give an inch,” he warned, making clear that the stakes reach far beyond late-night comedy.

#StephenColbert #JimmyKimmel #FreeSpeech #TickerNews


Download the Ticker app

Continue Reading

News

Charlie Kirk was scheduled to speak at Colorado State University

Despite cancellation, 10,000 gathered at CSU to support Charlie Kirk, creating a rally-like atmosphere.

Published

on

Despite cancellation, 10,000 gathered at CSU to support Charlie Kirk, creating a rally-like atmosphere.


Charlie Kirk was scheduled to speak at Colorado State University in Fort Collins, but the event was meant to be cancelled. Despite that, thousands of people still turned up to celebrate his legacy.

As many as 10,000 people turned out, showing the extent of support for the conservative activist. The crowd gathered outside CSU, creating an atmosphere more like a political rally than a cancelled speech.

#CharlieKirk #FortCollins #CampusPolitics #TickerNews


Download the Ticker app

Continue Reading

Trending Now