BEIJING (AP) — A less flashy Chinese electric vehicle maker is fast closing the gap with Tesla, the longtime, market-leading pioneer. BYD Co., based in the southern China tech hub of Shenzhen, dethroned Texas-based Tesla Inc. as the top seller of electric cars in the last three months of 2023, according to sales figures released… Continue reading China’s BYD is rivaling Tesla in size. Can it also match its global reach?
Author: Yarhow_Finance Online News
Is Nio a Top EV Stock for 2024?
While some trends from 2023 may disappear, one that likely won’t is the growing percentage of the global automobile fleet converting to electric vehicles (EVs). In the U.S., less than 10% of total automobile sales are now EVs. In China, that percentage is higher, with battery electric vehicles (BEVs) accounting for 25% of new sales… Continue reading Is Nio a Top EV Stock for 2024?
NIO Inc. Announces Repurchase Right Notification for 0.00% Convertible Senior Notes due 2026
SHANGHAI, China, Jan. 03, 2024 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today announced that it is notifying holders of its 0.00% Convertible Senior Notes due 2026 (CUSIP No. 62914VAE6) (the “Notes”) that pursuant… Continue reading NIO Inc. Announces Repurchase Right Notification for 0.00% Convertible Senior Notes due 2026
Tesla in for a ‘tough’ 2024: Bernstein analyst
Bernstein is warning of a “tough” road ahead for Tesla (TSLA) in 2024. Bernstein’s Toni Sacconaghi believes the EV automaker’s could fall nearly 40%, arguing that the company’s margins will continue to be squeezed and will “disappoint on volumes.” Yahoo Finance’s Madison Mills in reporting Live from the New York Stock Exchange to deep dive… Continue reading Tesla in for a ‘tough’ 2024: Bernstein analyst
Here’s what you need to know about BYD, the Chinese EV giant that just overtook Tesla
Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter, which explores what you need to know about the country’s rise and how it impacts the world. Hong Kong CNN — BYD overtook Tesla as the world’s top seller of electric vehicles (EV) at the end of last year, crowning an extraordinary rise for the… Continue reading Here’s what you need to know about BYD, the Chinese EV giant that just overtook Tesla
Tesla Vs. BYD: TSLA Near Buy Points But China Rival Is The New BEV King
Reuters Tesla delivers record Q4 cars, but China’s BYD steals top EV spot (Reuters) -Tesla delivered a record number of electric vehicles in the fourth quarter, beating market estimates and meeting its 2023 target, but lost its spot as the top EV maker by sales to China’s BYD. Tesla delivered 484,507 EVs in the October-to-December… Continue reading Tesla Vs. BYD: TSLA Near Buy Points But China Rival Is The New BEV King
Best Income Stocks to Buy January 2nd
Here are three stocks with buy rank and strong income characteristics for investors to consider today, January 2nd: Flushing Financial Corporation FFIC: This bank holding company for Flushing Bank has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.3% over the last 60 days. Flushing Financial Corporation Price and Consensus Flushing Financial… Continue reading Best Income Stocks to Buy January 2nd
NIO, XPeng (XPEV) & Li Auto (LI) Report 2023 Deliveries
China-based electric vehicle (EV) companies NIO Inc. NIO, XPeng Inc. XPEV and Li Auto LI provided delivery updates for the fourth quarter and full-year 2023. While NIO and XPeng registered double digit percentage growth in deliveries for full-year 2023, Li Auto held the top spot with a whopping 182.2% year-over-year growth. Li Auto delivered 376,030… Continue reading NIO, XPeng (XPEV) & Li Auto (LI) Report 2023 Deliveries
Tesla reports 485,000 EV deliveries in Q4 2023
Tesla (TSLA) topped EV delivery estimates for fourth-quarter 2023, reporting a total of 484,507 for the quarter and nearly 1.81 million for the year. Yahoo Finance Autos Reporter Pras Subramanian breaks down Tesla’s EV delivery and production figures for 2023, and how the Texas-based manufacturer competed with Chinese EV makers like BYD (BYDDY) in 2023.… Continue reading Tesla reports 485,000 EV deliveries in Q4 2023
Tesla Falls Behind China’s BYD in Quarterly EV Sales as Growth Slows
(Bloomberg) — Tesla Inc. delivered more vehicles than expected in the fourth quarter, though not enough for the Elon Musk-led company to stay ahead of China’s BYD Co. in global electric-car sales. Most Read from Bloomberg Tesla handed over 484,507 vehicles in the last three months, beating analysts’ average estimate for 483,173 deliveries. BYD sold… Continue reading Tesla Falls Behind China’s BYD in Quarterly EV Sales as Growth Slows