BYD Co Ltd

Revolutionizing Tech Manufacturing: Foxconn shifts focus to groundbreaking specialties instead of cutting-edge chips in collaboration with Apple

Apple iPhone supplier Foxconn, also known as Hon Hai, has revealed its semiconductor strategy, focusing on producing “specialty chips” instead of competing in cutting-edge chip technology. Chiang Shang-Yi, the chief strategy officer for semiconductor at Hon Hai, stated that the company does not chase after the most advanced technology, but rather focuses on specialty technology …

Read more

Anticipating Future Progress: EU Trade Chief Highlights Uncertain Outcome of China’s EV Probe

BEIJING — Europe has launched an investigation into Chinese electric vehicle subsidies, but the outcome of the probe remains uncertain, said Valdis Dombrovskis, executive vice president and trade commissioner of the European Commission. Dombrovskis emphasized that the investigation will be “fact-based” and conducted in accordance with EU and World Trade Organization rules. The probe will …

Read more

Q3 guidance shows Chinese EV brands Nio, Xpeng, Li Auto maintaining momentum

In Shanghai, China, on August 4, 2023, a Nio pop-up store is pictured. This store serves as a symbol of the booming Chinese electric car market. Chinese electric car companies Nio, Xpeng, and Li Auto have all announced that they have delivered enough vehicles in August to meet their third quarter guidance. These companies are …

Read more

Biggest Premarket Movers: ORCL, T, BBY Stocks

Safra Catz, the Chief Executive Officer of Oracle Corporation, rang the opening bell at the New York Stock Exchange (NYSE) in New York City on July 12, 2023. Brendan Mcdermid | Reuters Take a look at the companies grabbing attention before the market opens. Oracle — The software giant’s stock surged 2.7% following an upgrade …

Read more

BYD’s Stock Rises as Chinese EV Maker Reports a 200% Surge in H1 Profit

A BYD ATTO 3 is displayed during the British Motor Show at Farnborough International Exhibition Centre on August 17, 2023 in Farnborough, England. John Keeble | Getty Images News | Getty Images Shares of Chinese automaker BYD listed in China surged over 5% on Tuesday, following the announcement of a significant increase in first-half profit. …

Read more

Shares of Chinese electric vehicle startup Xpeng experience significant surge following $744 million agreement with ride-hailing giant, Didi.

Chinese electric car company Xpeng announced on Monday that it will acquire Didi’s smart electric car development business in a share exchange worth $744 million. This move will make Didi a strategic shareholder of Xpeng, and the two companies plan to collaborate in various areas, including marketing, finance and insurance services, charging infrastructure, robotaxi services, …

Read more

Q2 2023 Earnings Report for Xpeng (XPEV)

A Xpeng P7 electric car is on display during the 18th Guangzhou International Automobile Exhibition at China Import and Export Fair Complex on November 20, 2020 in Guangzhou, Guangdong Province of China. VCG | Visual China Group | Getty Images Shares of Xpeng were down over 6% in pre-market U.S. trade, as the Chinese electric …

Read more

VinFast, the EV Manufacturer, Surpasses Ford and GM in Market Value

BANGKOK, THAILAND – 2023/05/18: VinFast showcases its vehicles at the Future Energy Asia Exhibition 2023 held at the Queen Sirikit National Convention Center. Nathalie Jamois | Lightrocket | Getty Images VinFast’s shares experienced a remarkable 270% surge following its debut on U.S. exchanges, surpassing the market value of renowned automakers such as Ford, GM, BMW, …

Read more