News

BYD sales surge amidst growing EV competition

Published

5 months ago

April 2, 2024

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.

Leaders

Harris, Biden & Trump unite for 9/11 ceremony

Published

10 hours ago

September 12, 2024

ticker NEWS

New York City has marked 23 years since the 9/11 terror attacks that claimed nearly 3,000 lives and reshaped the nation.

Families of the victims gather at the 9/11 Memorial, keeping a sacred promise to remember the fallen with six moments of silence.

These moments mark key events from that tragic morning: the strikes on the Twin Towers, the Pentagon, and the crash of Flight 93 in Pennsylvania.

Also a moment of unity on the campaign trail, as President Biden, Trump, and Vice President Kamala Harris came together at the 9/11 ceremony. #featured #trending

News

France at a crossroads: a new Prime Minister takes the stage

Published

15 hours ago

September 12, 2024

ticker NEWS

Exploring the impact of Barnier’s appointment on Macron’s leadership and the nation’s future

Euro Bloch is a comprehensive program designed to highlight the breadth of topics and issues within the EU political landscape. It offers insightful analysis within the evolving framework of relations between the European Union and Australia/Asia-Pacific region.

Hosted by Ticker EU correspondent, Natanael Bloch.

In this episode, Natanael sits down with Ahron Young to discuss how Michel Barnier’s appointment is shaping Macron’s next move. #euro bloch

Leaders

Trump vs. Harris: deciding the winner and loser of the great debate

Published

16 hours ago

September 12, 2024

ticker NEWS

Kamala Harris and Donald Trump squared off in their first and possibly only debate, with both sides taking some big swings.

Harris wasted no time poking fun at Trump’s rallies, even daring viewers to see for themselves.

That dig clearly got under Trump’s skin.

At one point, Trump bizarrely claimed immigrants were eating pets in Ohio – a claim swiftly debunked by the moderators.

Harris hit Trump hard on his election fraud claims, reminding voters that 81 million Americans fired him in 2020.

Things heated up when the two accused each other of using the Justice Department for political attacks – calling each other threats to democracy. #featured #trending #hotshots