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KLCI Slides as Profit-Taking Hits Blue Chips, Ringgit Holds Firm

Malaysia’s benchmark index retreated as  profit-taking in key heavyweights  weighed on sentiment, while overall market activity remained active. Summary FBM KLCI fell 0.83% to 1,684.93 , dragged by losses in banking and selected large-cap names, despite steady trading participation. Market Performance FBM KLCI :  1,684.93 (-0.83%) FBM Mid 70:  -0.00% (flat) FBM Small Cap:  -0.23% FBM ACE:  +0.20% Broad market was mixed , with weakness concentrated in large caps. Market Breadth & Trading Activity Total volume:  3.54 billion shares Total value:  RM4.19 billion Gainers:  456 Losers:  678 Unchanged:  550 Market breadth turned negative , reflecting cautious sentiment. Top Movers – KLCI Gainers Axiata (6888.MY)   +1.54% Petronas Gas (6033.MY)   +1.18% Sunway (5211.MY)   +1.15% Losers Hong Leong Bank (5819.MY)   -3.29% Maybank (1155.MY)   -3.02% CIMB (1023.MY)   -2.47% Banking sector weakness was the main ...
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BYD Launches Affordable Atto 2 Electric SUV in France at €28,990

 BYD Expands in Europe with Competitive Pricing

  • Chinese EV maker BYD introduced its compact SUV, the Atto 2, in France for €28,990 ($30,358).
  • The Atto 2 enters the highly competitive European B-SUV market, offering a cheaper alternative to major rivals.

How BYD’s Atto 2 Stacks Up Against Competitors

  • €5,000 cheaper than the Kia Niro.
  • €6,000 less than the Opel Mokka-e.
  • €7,000 below the Peugeot e-2008.
  • However, Opel Mokka-e and Peugeot e-2008 qualify for French EV incentives of up to €4,000, reducing the price gap.
  • The Stellantis Citroen e-C3 remains €6,000 cheaper than the Atto 2 even before incentives.

BYD’s Strategy in the European EV Market

  • BYD is aggressively pricing its models to compete with established automakers.
  • Expanding into France and broader European markets, targeting price-sensitive consumers.
  • The launch in Paris’ La Défense Arena signals BYD’s commitment to European expansion.

Summary:

  • BYD launches Atto 2 compact SUV in France at €28,990, undercutting key competitors.
  • Pricing is significantly lower than Kia, Opel, and Peugeot’s EVs, but some rivals benefit from French EV subsidies.
  • BYD aims to strengthen its position in the European EV market through aggressive pricing.
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