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Geely Automobile Holdings Ltd.  reported  better-than-expected earnings for 2025 , as strong vehicle sales and internal restructuring helped the company close the gap with industry leader  BYD Co. . Earnings Beat Driven by Strong Sales Growth Geely posted  net profit of 16.85 billion yuan (US$2.4 billion) , slightly above market expectations of 16.5 billion yuan. Revenue surged  25% year-on-year to 345.2 billion yuan , supported by strong demand across its vehicle lineup. On an adjusted basis, excluding one-off items,  profit jumped 36% , indicating improving operational efficiency. Vehicle deliveries rose nearly  40% to 3 million units , driven by popular models such as the  EX2 hatchback (Xingyuan) and premium offerings like the  Zeekr 9X SUV , which has led sales in the high-end segment. Market Share Gains Against BYD Geely has been steadily gaining ground on BYD, even  outselling its rival globally in the first two months of 2026 , m...

Quick Summary BYD has lost over US$60 billion in market value  since May amid a sharp sell-off China EV demand is cooling faster than expected , with subsidies fading Rising battery and chip costs are crushing margins Investors fear widespread earnings downgrades  across the sector What’s Happening Shares of  BYD Co  have come under heavy pressure, with Hong Kong-listed stock down about  7% this week  following weak sales data. The decline extends a months-long sell-off that has erased  more than US$60 billion  in market capitalisation. The rout has spilled over to other Chinese EV names, amplifying concerns over the sector’s  profitability and growth outlook . Demand Is Cooling — Fast Investors were already bracing for slower growth in 2026 as  government subsidies were reduced , but the pace of the slowdown has surprised the market. BYD January domestic sales:   109,569 units ,  ~50% lower YoY XPeng : Deliveries  down ov...

Shares of  BYD Co Ltd (HKG:1211)  fell sharply on Friday after China’s top electric vehicle (EV) maker reported a  33% drop in third-quarter net profit  and weaker-than-expected revenue, underscoring the challenges even the industry leader faces in a highly competitive market. Earnings Miss Triggers Stock Selloff BYD’s Hong Kong-listed shares  tumbled as much as 6.4%  in early trading following the results released late Thursday. Net income:  7.82 billion yuan (US$1.1 billion), down  33% YoY Revenue:  194.98 billion yuan, down  3% YoY  and missing analyst forecasts of 216 billion yuan Gross margin:  17.6%, down from 21.9% a year ago but up from 16.3% in Q2 “Neutral to slightly negative” reactions are expected, according to  Morgan Stanley , which estimated vehicle-unit profit at  6,100 yuan , below its 6,500 yuan projection. Losing Momentum in China’s Price War Once the undisputed market leader, BYD is now  losin...

Shares of BYD Co fell in Hong Kong on Monday after reports confirmed Warren Buffett’s Berkshire Hathaway has fully exited its long-held stake in the Chinese electric vehicle giant. Market Reaction BYD stock slid as much as  3.6% , the steepest drop in three weeks. The stock is already down about  30% from its all-time high four months ago , as China’s EV industry faces an intense price war. The selloff made BYD one of the worst performers on the Hang Seng China Enterprises Index. Berkshire’s Exit CNBC reported Sunday that Berkshire Hathaway had sold its entire holding, citing a spokesperson confirmation. A  Berkshire Hathaway Energy filing  valued the BYD stake at zero as of March 31. Berkshire first invested in  September 2008 , buying 225 million shares. From then until March this year, BYD shares surged  over 4,500% . Berkshire began gradually trimming its stake in mid-2022; after the holding dropped below 5% last year, disclosures were no longer require...

Key Takeaway BYD has cut its 2025 sales target to  4.6M vehicles , down from its original  5.5M goal , signaling its slowest growth in five years. The downgrade underscores intensifying competition in China’s EV market and mounting macro headwinds. Market Snapshot New Internal Target : 4.6M units (–16% vs Mar guidance; +7% YoY) Original Target : 5.5M units Q2 Profit : –30% YoY (first decline in >3 years) YTD Progress : ~52% of original target achieved (Jan–Aug 2025) China Share of Sales : ~80% of total Competition : Geely +90% YoY in economy segment (July); Leapmotor also gaining traction Why It Matters Growth Cooling : BYD’s pure EV + PHEV sales grew 10x between 2020–24, but growth pace now slows to single digits (+7% forecast). Margins Under Pressure : Price war in China eroding profitability; economy segment (<¥150K) sales fell 9.6% YoY in July. Capacity Delays : Company has slowed factory expansion, cut production for 2 consecutive months (first time since 2020). Mac...

China’s effort to cool down the  electric vehicle (EV) price war  is seeing little success, as major automakers continue offering steep discounts to lure buyers in an overcrowded and cautious market. Discounts Remain Widespread All of China’s  top 20 auto brands  either maintained, deepened, or only slightly reduced discounts in July, according to China Auto Market data. Seven brands  increased promotions despite Beijing’s June warning against “rat-race competition.” Overall promotions in July were  higher than a year earlier , showing muted response to government pressure. Why It’s Hard to Control Prices Analysts note that carmakers are unlikely to slash sticker prices directly, but will continue offering  indirect perks , such as: Interest-free financing Complimentary home chargers Cabin upgrades (premium seats, connectivity perks) Average sale prices keep drifting lower as buyers favor cheaper models: BYD:  114,760 yuan (July) vs 116,200 yuan (...

From Mass Market Leader to Luxury Challenger BYD Co. , the world’s largest EV maker by volume, is taking bold steps to shed its image as a  utilitarian, mass-market brand . While its vehicles dominate China’s taxi and ride-hailing fleets — inspiring the quip that BYD stands for  “Be Your Driver”  — the Shenzhen-based automaker is now positioning itself in the  premium and ultra-luxury EV segment , with models priced over  US$200,000 . The latest push: a  RMB 5 billion (US$700m)  investment into  all-terrain automotive circuits , where consumers can test-drive both volume models and BYD’s  Yangwang luxury lineup  under extreme driving conditions. Experiential Selling – Track as a Showroom The first facility, opened in  Zhengzhou , allows the public to pay  599 yuan (~US$82)  for an hour of driving experiences ranging from slalom and emergency swerve drills to high-speed straights. Premium packages offer access to the  ...

Key Developments: Foxconn’s AI server plant in Jalisco  will be  completed within a year , despite  US tariffs on Mexico. US$900 million investment  will create the  world’s largest Nvidia-powered AI server assembly plant. Jalisco’s semiconductor industry is booming , with  new investments from ASE, Micron, and Foxconn. State government is fast-tracking permits and offering incentives  to accelerate the project. Mexican industrial sector remains strong  despite  Trump’s 25% tariff threat. Foxconn’s AI Expansion in Mexico Foxconn Technology Group (Hon Hai Precision Industry Co)  is pushing ahead with its  US$900 million  AI server  megaplant  in Jalisco, Mexico, despite potential  US trade tariffs , according to  Jalisco Governor Pablo Lemus Navarro . The  state-of-the-art facility  will be dedicated to  assembling AI servers powered by Nvidia's GB200 chips , making it the  largest such pl...

  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 ...

Once a strong Tesla supporter,  Gerber Kawasaki Wealth & Investment CEO Ross Gerber  now warns that  Tesla's stock (TSLA) could plunge 50% in 2025 . Having sold  $60 million worth of Tesla shares , he cites growing concerns over Tesla’s  declining popularity, autonomous driving setbacks, and CEO Elon Musk’s shifting priorities . Tesla's stock has already  dropped 16% this year , and Wall Street firms like  JPMorgan  have set a  $135 price target , implying a  60% downside . Key Reasons Behind Gerber’s Bearish Outlook: 1️⃣  Autonomous Taxi Network is Unrealistic  – Musk’s goal of launching self-driving taxis in Austin by June seems  impossible to achieve . 2️⃣  Self-Driving Technology Lacks LIDAR  – Tesla's reliance on cameras over LIDAR raises  concerns about safety and functionality . 3️⃣  Musk’s AI Focus is Hurting Tesla  – With Musk prioritizing AI and  spending less time at Tesla , car...

BYD , the world’s second-largest producer of electric vehicles (EVs) after Tesla, expressed strong opposition to the European Union’s planned tariffs on Chinese-made EVs , while outlining its strategy to produce nearly all the cars it sells in Europe locally . This move aligns BYD with other Chinese automakers accelerating their European manufacturing plans. At the Paris car show , BYD Executive Vice President Stella Li revealed that the company will manufacture key components in Europe and assemble battery packs at its plants in Hungary and Turkey , importing only the battery cells from China . BYD faces an additional 17% tariff on top of an existing 10% , and is considering whether to pass these costs onto consumers or absorb them. The company does not expect to sell its vehicles in Europe for less than 30,000 euros (US$32,745) . Li criticized the EU’s tariff plans, stating, “ Politicians should stay away from tariffs ,” emphasizing that tariffs would increase manufacturing costs ...

China has strongly advised its carmakers to ensure that advanced electric vehicle (EV) technology remains within the country, even as they expand their global footprint by building factories abroad to avoid punitive tariffs on Chinese exports, according to sources familiar with the matter. The Chinese government is encouraging automakers to export knock-down kits to their overseas plants. This approach involves producing key vehicle components domestically and then shipping them abroad for final assembly, the sources said. These instructions come as Chinese companies such as BYD Co and Chery Automobile Co push forward with plans to establish factories in locations like Spain, Thailand, and Hungary to meet growing demand for their innovative and affordable EVs in foreign markets. In a July meeting with more than a dozen automakers, China's Ministry of Commerce (Mofcom) also advised against any auto-related investments in India . This move aims to protect the technological know...

China's leading automaker, BYD Co, is positioning itself for significant global expansion, with plans to establish production hubs around the world to counter rising tariffs and trade barriers against Chinese electric vehicles (EVs). The company is aiming for overseas deliveries to account for nearly half of its total sales in the future, a significant increase from the current 14% of sales derived from international markets. Key Takeaways: Global Expansion to Overcome Trade Barriers : To achieve its ambitious global sales goals, BYD is investing billions in establishing production facilities in Europe, Asia, and South America. This strategy is designed to circumvent tariffs, such as the 17% additional duty imposed by the European Union and the 100% levies in Canada and the US. BYD has already operational factories in Thailand and is expanding its manufacturing capacity in Hungary, Brazil, Türkiye, and Indonesia, with potential new facilities in Mexico. Increasing Overseas Sales : ...

Uber Technologies Inc. and Chinese automaker BYD Co. have announced a significant multi-year partnership to integrate 100,000 electric vehicles (EVs) into Uber’s ride-hailing platform. This collaboration will begin in Europe and Latin America, eventually extending to the Middle East, Canada, Australia, and New Zealand, strategically excluding the US market. Under this partnership, Uber and BYD will offer drivers lower vehicle pricing and financing options. This initiative supports Uber’s goal to transition its fleet to EVs, which has faced challenges due to the scarcity of affordable, long-range, and spacious EV options. Key Takeaways: Global Expansion Excluding the US : The partnership will initially focus on Europe and Latin America before expanding to other regions. The US is notably absent from this plan due to high tariffs on Chinese EVs. Addressing Affordable EVs : BYD’s cost-effective and low-maintenance EVs provide a viable alternative to traditional combustion engine vehicles ...

  China's BYD has significantly expanded its sales lead over Tesla in Singapore during the first half of this year, according to government data. This development highlights the competitive challenge Tesla faces from Chinese electric vehicle (EV) manufacturers in Southeast Asia. Key Highlights Sales Performance : BYD’s EV sales in Singapore surged by 83% in the first half of this year, reaching 2,587 units. In contrast, Tesla sold 969 cars, only 28 more than last year. The lack of significant price difference between BYD and Tesla in Singapore underscores BYD’s competitive pricing strategy. Market Expansion : BYD’s success in Singapore, one of the smallest auto markets in the region, reflects its broader ambition to dominate the Southeast Asia market. BYD has established Thailand as its biggest overseas market and continues to expand its distribution partnerships with local conglomerates. Recently, BYD opened its first stores in Vietnam, further expanding its presence in Southeast ...