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Nov 6, 2020 02:34 pm ·

NIO to Deploy More than 300 Power Stations

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Nov 5, 2020 04:28 pm ·

NIO Hires Ex-Xiaomi Head of Chips Department

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Nov 5, 2020 04:26 pm ·

Xpeng Stock Touches Record High

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News EO
Nov 5, 2020 04:25 pm ·

BYD Joins Fellow Chinese Car Firms with Surging Sales

The firm reported a staggering 23,217 NEVs sold last month, compared with 12,567 in the same period the previous year, up 85% year-on-year. NEVs include hybrid, fuel-cell and electric vehicles. Total sales grew 16% to 47,732 vehicles in October. Although year to date, BYD sales are down 16%. Besides, the total installed capacity of BYD's NEV power batteries and energy storage batteries in October was approximately 1.507GWh, a year-on-year increase of 151.6% with a total installed capacity of approximately 8.591GWh. On October 29, the company released its third-quarter financial report, which showed CNY 44.52 billion revenue, up 40.72% year-on-year with a net profit of CNY 1.75 billion, a year-on-year increase of 1362.66%. Shares of BYD climbed nearly 3% to 22.95 in Wednesday's stock market trading, pushing the firm's valuation to CNY 458.41 billion, surpassing the combined market value of the three A-share automakers SAIC, GAC and BAIC.  It is also worth mentioning that China International Capital Corporation recently raised BYD's target price of A-shares by 45% to CNY 138. This came after a positive monthly sales number of the company. In September, BYD's NEV sales were up by 45% year-on-year and the sales volume of the company's high-end model 'Han' continues to climb. CICC further said that there is a lot of room for the valuation to rise and that BYD will see continuous sales growth in the following months.  

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Nov 5, 2020 09:30 am ·

Pony.ai Signs Funding Agreement with FAW

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Nov 4, 2020 03:59 pm ·

Li Auto Delivers 3,692 Vehicles in October

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Nov 3, 2020 11:29 am ·

DiDi Announces to Enter New Zealand

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Nov 3, 2020 09:37 am · NIO

NIO Deliveries Reach 5,055 Vehicles in October

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Nov 3, 2020 09:36 am ·

Xpeng Delivers 3,040 Cars in October

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Nov 3, 2020 09:35 am ·

Polestar Recalls All EV Sedans

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