China Last Night KraneShares JD.com Q4 Earnings Overview JD.com (JD US, 9618 HK) announced Q4 financial results post-Hong Kong close/pre-US market open. We knew Q4 would be challenging as zero COVID’s...
Tag: BYD
Declining Birthrate Policies Arrive As Hong Kong Internet Stocks Rise
China Last Night KraneShares Key News Asia equities were higher overnight as Hong Kong and South Korea outperformed, while Mainland China underperformed. Hong Kong internet stocks shook off yesterday’...
Charlie Munger says BYD was his best investment at Berkshire Hathaway—it’s ‘almost ridiculous’ how much it’s beating Elon Musk’s Tesla
Charlie Munger, the right-hand man of Warren Buffett, still thinks his 2008 decision to get Berkshire Hathaway to invest in budding Chinese carmaker BYD—now the world’s top-selling EV brand—was ...
Charlie Munger says BYD is far ahead of Tesla in China
Charlie Munger said Wednesday that Tesla pales in comparison to BYD in China, calling the Chinese electric vehicle maker his favorite stock ever. “I have never helped do anything at Berkshire [H...
President Xi Addresses Domestic Consumption In Speech
China Last Night KraneShares Key News Asian equities had a strong day following US stocks’ positive move yesterday, with the Philippines having a very strong day in advance of today’s Fed +25 bps rate...
Tourism & EVs Fuel Optimism In Hong Kong, Mainland Closed Until Monday
China Last Night KraneShares Key News Asian equities were mostly higher overnight as Hong Kong opened higher following a three-day holiday in celebration of Lunar New Year while Mainland China will re...
Party City Files For Chapter 11 Bankruptcy
Getty Images Key takeaways In an attempt to save the business, Party City has filed for chapter 11 bankruptcy. When the pandemic closed down in-person celebrations, the company struggled financially s...
Could BYD Outpace Tesla If They Sold In North America?
LightRocket via Getty Images Key takeaways BYD is China’s largest manufacturer of electric vehicles (EVs). The company is outpacing Tesla in sales, selling 1.62 million cars between January and Novemb...
Foreign Investors Buy China In Size
China Last Night KraneShares Key News Asian equity markets were mixed as China, South Korea, and Indonesia outperformed while Hong Kong, Japan, India, and the Philippines were lower. Shanghai and Shen...
CPI Under 2% In China As Clean Tech & EV Outperform
China Last Night KraneShares Key News Asia equities were largely higher except for Singapore and India’s small pullback in advance of the US’ highly anticipated CPI release. Overnight China’s December...
EV & Auto Stocks Rise On December And 2022 Data As Tesla’s Market Share Drops
China Last Night KraneShares Key News Asian equities were mixed overnight as India underperformed the region. Light on news overnight as Hong Kong stocks took a breather after their strong rally which...
Reopening Rolls On, Clean Tech Jumps, Week In Review
China Last Night KraneShares Week in Review Asian equities started 2023 with China outperforming as the country gears up to allow foreign visitors to enter the country quarantine-free starting Sunday....
Markets Look Forward As Beijing & Guangzhou Are Past COVID Peak
China Last Night KraneShares Key News Asian equities were largely higher to start 2023 except for Japan, which took another day off today. Both Hong Kong and China opened lower with the Hang Seng down...
Warren Buffett-Backed BYD’s EV Sales Soar To Monthly Record In December
A BYD showroom in Shanghai last year. Photographer: Qilai Shen/Bloomberg © 2022 Bloomberg Finance LP Sales of new energy vehicles at BYD, China’s top-selling electric vehicle maker, more than doubled ...
Stock Market 2023: What To Do After ‘Stay Away’ Year; Tesla, Nio, BYD Deliveries Due
Dow Jones futures will open on Monday evening, along with S&P 500 futures and Nasdaq futures. Tesla (TSLA) and China EV makers such as Nio, Li Auto and BYD will report year-end and 2022 deliveries...
Happy New Year As Electric Vehicle & Auto Companies Celebrate Policy Support, Week In Review
China Last Night KraneShares Week in Review Asian equities had a bumpy week as reopening, and the spread of COVID in China continued to capture headlines, and US equities came back from the Christmas ...
Game On For Tencent & NetEase Amid New Game Approvals
Key News North Asia was off except for Hong Kong, while South Asia posted small gains on light volumes. Hong Kong opened higher for the first time since last Friday, closing up +1.56%, though off intr...
Hong Kong Eliminates Inbound Travel Restrictions
China Last Night KraneShares Key News Asian equities were broadly higher as China, Taiwan, and South Korea underperformed though volumes were light in advance of today’s US CPI release and tomorrow’s ...
Berkshire Hathaway Reduces Its Stake in Chinese Automaker BYD
Berkshire Hathaway made its first move to acquire BYD shares after the global financial crisis of 2008, stacking up $230 million worth of the stock at the time at an average price of HK$8 ($1.02). Ame...
Toyota Changing EV Strategy in Bid to Catch Tesla: Report. It’s Way Behind.
Toyota Motor has been slow to develop all-battery electric models. Now it wants to pick up the pace, as it tries to keep pace with Tesla and other EV makers, and suppliers will be key to its efforts. ...
Warren Buffett ‘Loves’ China’s BYD Despite Selldown, EV Executive Says
(Bloomberg) — Warren Buffett “loves” China’s biggest electric-vehicle maker BYD Co. and isn’t abandoning it, a senior executive from the company said, despite the legendary investor’s Berkshire ...
Loss Widens At Alibaba-Backed EV Maker XPeng; Co-Founder Exits Board
An XPeng Inc. electric vehicle at the company’s flagship store in Beijing, China, on Monday, Sept. … [+] 19, 2022. Source: Bloomberg © 2022 Bloomberg Finance LP China EV maker XPeng conti...
Nio, Li, Xpeng, BYD Leap Amid These Hopeful Signs| Investor’s Business Daily
China EV sales are seen rising in a seasonally strong November, with Nio (NIO) poised for a sharp rebound. Hopes have also mounted for a shift in China’s ultra-strict Covid policy, which has wei...
BYD Shares End Week Lower As Berkshire Hathaway Sells Again, China EV Subsidies Cut
Warren Buffett’s Berkshire Hathaway has trimmed its stake in China EV maker five times in the past … [+] three months, according to Hong Kong Stock Exchange filings. (Photo by Dimitrios Ka...
BYD’s Wang Chuanfu Explains How China’s No. 1 EV Maker Caught Up With Tesla
This story is part of Forbes’ coverage of China’s Richest 2022. See the full list here. BYD’s Success Puts Him No. 11 On China’s 100 Richest With $17.7 Billion Fortune. The Chinese billionaire whose B...
Chinese Automaker BYD Set to Launch Premium EV
Since January 2022, BYD has continued to record increased sales of vehicles, of which a larger percentage were EVs. Popular Chinese automaker BYD has disclosed its plan to launch a new Premium EV. The...
Buffett’s Berkshire sells more shares in China’s BYD
Warren Buffett’s Berkshire Hathaway (BRK-A, BRK-B) has continued trimming its large stake in Chinese automaker BYD (1211.HK), according to a filing listed today with the Hong Kong Stock Exchange. As r...
BYD Retains EV Crown Over Tesla As Mainland Investors Buy Big In Hong Kong
China Last Night KraneShares Key News Asian equities were down following the Fed’s 75 basis point interest rate hike as the US dollar surged overnight and the Asia dollar index hit a 52-week low. Thai...