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BYD shares hit a record high in Hong Kong on Tuesday, rising 4% amid self-driving-tech integration. BYD said it would integrate self-driving features across 21 vehicles, using DeepSeek AI in some.
BYD is looking to dominate the electric vehicle market worldwide, and its stock is a lot cheaper than Tesla's.
BYD was founded by Wang Chuanfu in February 1995 as a battery manufacturing company. BYD's largest subsidiary, BYD Auto, was founded in 2003 and has grown to become the world's largest manufacturer of plug-in electric vehicles. [14] Since 2009, BYD's automotive business has contributed over 50% of its revenue.
BYD ranked sixth in global car sales, with China’s Geely Auto following in tenth, Wang said onstage, citing research from Cailianshe, a state-linked media firm.
In 2023, BYD became the top-selling car brand in China ahead of Volkswagen, marking the first time another company has sold more cars than Volkswagen in the country. [9] In early 2024, BYD sales in China were surpassed by Volkswagen, ending its 11-month streak as the top-selling brand in China. [359]
Gigafactory Shanghai (currently the only fully foreign owned car manufacturer in mainland China) BMW. BMW China (joint-venture with Brilliance Auto Group, a majority 75% stake was acquired by BMW in 2022) (Defunct) Zinoro (2013–2020) Volkswagen. Volkswagen Anhui (joint-venture with JAC, a majority 78.52% stake was acquired by Volkswagen in ...
The Chinese company sold a record number of cars last year, including 525,409 battery electric vehicles (BEVs) in the three-month period to December 31, according to a stock exchange filing. Tesla ...
Tesla’s China sales fell by 11.5% year-on-year in January, while BYD’s rose by 47.5%, according to data from the China Passenger Car Association, though an earlier Chinese New Year holiday may ...