最新ニュース BYD (OTC:BYDDF) 株価情報

Founded in 1995, BYD is a leading Chinese manufacturer in the design, development, and production of new energy vehicles, or NEVs. In March 2022, the firm discontinued production of internal combustion engine, or ICE, vehicles. Its products primarily target the growing midpriced mass-market segment in China's passenger vehicle market. The company sold about 3 million passenger NEVs in 2023, accounting for 33% of the Chinese passenger NEV market. Besides automobile production, the company is also engaged in handset components and assembly services, as well as the rechargeable battery and photovoltaics business. After more than 25 years of development, the company has established over 30 industrial parks worldwide.

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欧州連合（EU）やアメリカの関税引き上げに対する対応として、中国の電気自動車（EV）メーカーが潜在的な市場としてアフリカを探っている。

欧州連合とアメリカの関税引き上げ　中国EVメーカーに打撃

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国内で業績が鈍化しつつ、中国生まれの電気自動車メーカーが海外で波乱を巻き起こしている。 



出来事： 2024年第1四半期、中国の自動車ブランドは海外で前年度同期比40％の売り上げが伸び、輸出総数が47万台に達した。中国自動車乗用車協会（CPCA）のデータを引用したCnEVPostによれば、。



リードするのは中国の自動車メーカーのトップは、SAIC, Chery, グレートウォールモーター,

テスラの中国競合国内での売り上げ低下も世界市場を牽引｜「欧州で異なるアプローチを」

BYD Co Ltd

Macquarie Equity Research issued a positive outlook for the short-term Chinese EV market following <a href="https://www.benzinga.com/24/09/41089098/jim-cramer-hand-picks-these-3-stocks-to-ride-the-crest-of-the-chinese-stimulus-frenzy">a $142 billion</a> (<a href="https://www.benzinga.com/24/09/41089098/jim-cramer-hand-picks-these-3-stocks-to-ride-the-crest-of-the-chinese-stimulus-frenzy">one trillion yuan) stimulus package</a>. Analysts listed several positive catalysts, including new model launches, expanded margins due to operating leverage, the end of subsidies pulling demand forward, reduced discounting pressures and clarity on potential <a href="https://www.benzinga.com/markets/asia/24/10/41188462/european-automakers-criticize-chinese-ev-tariffs">European Union (EU) tariffs</a>, which had previously been uncertain for Chinese automakers.
The firm sees BYD (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) and NIO Inc &#8211; ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) benefiting from the shift. BYD led the charge, selling 419,400 units in September, marking a 46% year-over-year increase. The company's aggressive expansion overseas surprised the EV market.
Launching new models, particularly those based on its highly efficient DM-i hybrid technology, should help sustain its growth momentum in the coming months. Macquarie remains optimistic and has raised the price target for BYD shares to about $46.35 (HK$ 360), indicating a potential upside of over 20%.
Although on a much lower scale, Nio also had a successful September, selling 21,200 units, indicating a 35% year-over-year growth. The company successfully introduced a battery-as-a-service model, lowering consumers&#8217; upfront costs.
Still, Macquarie sees the risks from domestic and foreign competition, believing that the battery-swapping technology is not widely adopted. It rates the stock as Neutral, with its U.S-listed share price target of $8.20, representing a modest upside of around 13.5%.
Li Auto Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) faces a more challenging outlook despite performing well in sales. The company sold 53,700 units in September, marking a 49% year-over-year increase. But, Macquarie believes there is a lack of a clear catalyst in the second half of the year, particularly as no new models are scheduled for release during this period.
Li Auto's extended-range electric vehicles (EREVs) have been popular, but the market is notably shifting toward pure battery electric vehicles (BEVs). The company risks losing momentum without new BEV models or innovations in the near term.
Macquarie's analysts point out that price competition pressuring the margins is one of the key risks, alongside a potential decline in demand for EREVs as consumers shift to fully electric vehicles.
Still, they acknowledge the possibility of Li Auto outperforming if its L series continues selling well and if it can successfully launch a BEV SUV in 2025. For now, Macquarie has set the price target at $33, giving it an upside of 10.4%. The firm also gave<a href="https://www.benzinga.com/quote/LI"> Li Auto</a> stock a downgrade from Outperform to Neutral.
Read Next:<a href="https://www.benzinga.com/markets/equities/24/10/41182930/china-was-tipping-into-a-japan-style-lost-decade-of-deflation-and-stagnation-before-late-septemb"> </a> • <a href="https://www.benzinga.com/markets/equities/24/10/41182930/china-was-tipping-into-a-japan-style-lost-decade-of-deflation-and-stagnation-before-late-septemb">China Was Tipping Into A Japan-Style &#8216;Lost Decade&#8217; Of Deflation And Stagnation Before Late-September Stimulus Announcements, Says Legal Expert</a>
Photos: Li Auto, BYD, Nio vehicles via Shutterstock

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Chinese EV Stocks Li Auto, BYD, Nio To Benefit From Rebound: Analyst

<a href="https://www.wsj.com/business/autos/eu-to-move-ahead-with-new-tariffs-on-chinese-made-evs-1d9e7a05?mod=latest_headlines">https://www.wsj.com/business/autos/eu-to-move-ahead-with-new-tariffs-on-chinese-made-evs-1d9e7a05?mod=latest_headlines</a>
&nbsp;
The European Union will move ahead with tariffs of up to 45% on electric vehicles made in China, defying pleas from some European auto executives who fear retaliation from Beijing and an escalating trade war.
EU member states voted Friday to impose the new import duties that will apply for the next five years in a move aimed at protecting European carmakers amid rising competition from Chinese-made vehicles.

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Reported Earlier, 'EU To Move Ahead With New Tariffs On Chinese-Made EVs; Import Duties Of Up To 45% Will Be Imposed For The Next Five Years, Despite Retaliation Fears' - WSJ

European Union&#8217;s member states have expressed sufficient support for imposing <a href="https://www.benzinga.com/news/24/10/41143690/european-tariffs-on-chinas-ev-makers-could-backfire">definitive additional tariffs of up to 35.3%</a> on China-made battery electric vehicle imports, the European Commission said in a statement on Friday. 
What Happened: &#8220;Today, the European Commission&#8217;s proposal to impose definitive countervailing duties on imports of battery electric vehicles (BEVs) from China has obtained the necessary support from EU Member States for the adoption of tariffs,&#8221; the commission said. 
The commission added that it would continue to work with China to find an alternative solution. 
EU first announced that it would impose tariffs on China-made EVs in June, alleging that EV manufacturers in China benefit from &#8220;unfair subsidies&#8221; and that their cheaper offerings pose a threat to European manufacturers. Provisional duties were imposed in July. 
Potentially Impacted Stocks: The stocks that might potentially be affected by the definitive tariffs <a href="https://www.benzinga.com/news/24/09/40914629/china-warns-eu-tariffs-on-evs-will-harm-trade-with-germany">include</a>:
<ol>
<li>BYD Co Ltd. (OTCPK: BYDDY) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>): The Chinese EV giant exports significantly into Europe. In September alone, the company sold 33,012 units of its vehicles overseas, of which 30,512 were exported, including to Europe.</li>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>): Tesla, in addition to manufacturing within Germany, also imports vehicles into Europe from its gigafactory in Shanghai. EU has slapped an additional tariff of 7.8% on Tesla EVs made in China and sold in Europe.</li>
<li>Nio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) and Xpeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>): Shanghai-based Nio and Guangzhou-based XPeng also export their vehicles from China into Europe.</li>
</ol>
Other automakers to be impacted by the tariffs include BMW, Volkswagen, and SAIC Motors.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
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<li><a href="https://www.benzinga.com/news/24/10/41135581/tesla-discontinues-cheapest-model-3-variant-entry-level-trim-now-starts-at-42-490" target="_blank" rel="noreferrer noopener">Tesla Discontinues Cheapest Model 3 Variant: Entry Level Trim Now Starts At $42,490</a></li>
</ul>
Photo courtesy: Shutterstock

Equities

Tesla, BYD, And Other EV Stocks To Watch As EU Votes To Approve Tariffs On Chinese EV Imports

Retail investors can make a bet or take on an opposing view with increased odds of success whenever a market gets too crowded on the long or short side. Like the 2008 financial crisis, when everyone bet in favor of housing only to find out they all had to run for the exit all at once, only a few investors could spot this unfair advantage opportunity.
In today&#39;s stock market, investors can look at this report from Bank of America, which covers the weighing in thematic trades and investments. The most crowded trade is now in the United States&#39; so-called &quot;Magnificent Seven&quot; stocks; the second most crowded trade is shorting Chinese stocks. Now that everyone is rushing to close their shorts, Chinese names like&nbsp;Alibaba Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/baba#NYSE">BABA</a>)&nbsp;and&nbsp;Baidu Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bidu#NASDAQ">BIDU</a>) have triggered a major short squeeze.
The same could happen if any downturn were to occur in crowded technology stocks like Meta Platforms Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>), Apple Inc., and even investor favorite Tesla Inc.&nbsp;A rush to exit these names at once could cause what&#39;s termed a pain trade, where most of the participants will be brought to maximum risk tolerance and forced to liquidate and accelerate the selloff.
<h2>Pain Trade #1: Why Tesla Stock Could Be at Risk </h2>
Tesla is riding on two major tailwinds and thesis today. First, the robotaxi unveiling might or might not be here as soon as investors think. Second, the pace of delivery numbers to be released this week places a significant weight on the potential future path of Tesla stock.
The good news for bulls is that China is back online, and Tesla has been expanding its footprint in Asia&#39;s powerhouse. Peers in the region, like NIO Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nio#NYSE">NIO</a>) and BYD (OTC: <a class="ticker" href="https://www.benzinga.com/stock/byddf#OTC">BYDDF</a>), have both reported record deliveries for the third quarter, with BYD hitting a significant 1 million milestone in deliveries.
Now, here&#39;s the bad news. Tesla stock trades at a price-to-book (P/B) of 12.4x today, compared to NIO stock&#39;s 6.7x and BYD&#39;s 6.4x valuations today. In the United States, most automotive stocks trade at an average P/B valuation of less than 1.5x, which means Tesla&#39;s potential delivery growth might already be priced into the stock today.
This means that, even if delivery numbers are bullish, Tesla has little room to keep moving higher. This is why Wall Street analysts now only forecast $0.63 earnings per share (EPS) in the next 12 months, calling for net growth of 21.1% from today&#39;s $.52.
While this EPS growth may be impressive, the issue of it already being priced into the stock remains. Those at Guggenheim landed on a $153 price target for Tesla stock, calling for as much as 40.1% downside from where the stock trades today. Even the consensus of $209.9 is bad enough to call for an 18.6% downside for Tesla.
<h2>Pain Trade #2: Why Apple Is No Longer a Buffett Favorite</h2>
That&#39;s right. Warren Buffett cut as much as 50% of his stake in Apple stock during the past quarter. While he quoted the sale as being driven by tax efficiency purposes, a deeper reason could be related to the weakening consumer discretionary sector.
With new interest rate cuts coming from the Federal Reserve (the Fed), the dollar is set to weaken, as interest rates are one of the main drivers of currency valuations. This means the U.S. consumer will suffer from even thinner buying power after inflation has already had its round of negative effects on it.
Even though Apple is an international giant able to cushion whatever consumption tailwinds come from the United States, the same reasoning applies when it comes to pricing in this safety and growth potential. Apple stock now trades at 51.6x P/B compared to other peers in the technology space, like Alphabet Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) and its 6.9x valuation.
Analysts at Barclays now see a valuation of $186 for Apple stock, which calls for a net downside of 17.8% from where the stock trades today. This reiterates the potential for Apple to become a pain trade in the coming months.
<h2>Pain Trade #3: Meta&#39;s Heavy Cash Outlay Mirrors the Metaverse Flop</h2>
In 2022, Meta stock traded down to $90, one of the lowest prices seen since the COVID-19 pandemic. The reason for the crash was the strategy behind the Metaverse, which burned through billions of the company&#39;s free cash flow in a project that never took off.
The same cycle is happening today as Meta looks for new disruptive ideas and technologies to make a new splash; Mark Zuckerberg (Meta&#39;s CEO) has decided to venture into artificial intelligence glasses that could supposedly replace smartphones if done right.
How much cash will Meta burn through this time on this project, and will it have any return? Investors do know that the stock trades at its 52-week high, and analysts at Goldman Sachs don&#39;t think it can break through that ceiling.
With a $555 share price target, Goldman Sachs thinks Meta has a potential downside of 5% from where it trades today. However, that could only be the tip of the iceberg, as the financial impacts of this new project are not yet known.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/why-the-magnificent-7-could-become-a-pain-trade-for-investors/">Why the Magnificent 7 Could Become a Pain Trade for Investors</a>&quot; first appeared on MarketBeat.

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Why the Magnificent 7 Could Become a Pain Trade for Investors

Chinese EV giant&nbsp;BYD Co Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) said on Tuesday that the company sold 417,603 new energy passenger vehicles in September, marking a jump of nearly 46% from last year, thanks to a major jump in plug-in hybrid vehicles sales. 
What Happened:&nbsp;Pure EV sales of the Chinese player rose to 164,956 in September, marking a rise of 9% from the corresponding month of last year. 
Plug-in hybrid passenger vehicle sales in the period rose 86.2% to 252,647 units. 
The company also sold 1,823 commercial vehicles in September, including 306 buses. 
Why It Matters: BYD is the biggest rival to American EV giant Tesla Inc. The company <a href="https://www.benzinga.com/news/24/01/36839203/warren-buffett-backed-byd-sees-higher-profits-for-fy23-after-taking-over-tesla-as-biggest-ev-seller" target="_blank" rel="noreferrer noopener">took over Tesla</a> as the world's largest BEV seller in the fourth quarter of 2023. However, Tesla took back the crown in the first quarter of 2024 and has been holding on to it since.
Through the end of the third quarter, BYD sold 443,426 battery-electric vehicles. Tesla, however, is yet to report its <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41082647/tesla-could-report-slight-q3-deliveries-miss-amid-musks-political-controversies-mun">delivery numbers for the quarter</a>. 
Tech venture capitalist and Deepwater Asset Management Managing Partner&nbsp;Gene Munster expects Tesla&#8217;s deliveries for the quarter to come at around 452,000 units, trailing Wall Street estimates but higher than the 435,059 units the EV giant delivered in the third quarter of 2023. 
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41111955/ford-ceo-jim-farley-brings-european-insights-home-offers-free-ev-chargers-for-us-buyers-till-jan-2">Ford CEO Jim Farley Brings European Insights Home, Offers Free EV Chargers for US Buyers Till Jan 2</a></li>
</ul>
Photo courtesy: Shutterstock

Chinese Carmaker BYD's September Sales Jump 46% On Rising Popularity Of Plug-in Hybrid EVs

Shares of Chinese electric-vehicle startups Nio, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), XPeng, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) and Li Auto, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) are rallying<a href="https://www.benzinga.com/premarket"> in premarket trading</a> on Tuesday, signaling a potential rebound from Monday&#8217;s pullback.
The optimism came on the back of<a href="https://www.benzinga.com/markets/equities/24/10/41109111/tesla-rivals-li-auto-xpeng-clock-record-september-deliveries-end-q3-on-a-strong-note"> stellar deliveries these companies reported for September</a> and the third quarter. Here&#8217;s how each of them fared:
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td></td>
<td>Sept. Deliveries (units)</td>
<td>Y-o-Y</td>
<td>Q-o-Q</td>
<td>Q3 Deliveries (units)</td>
<td>Q3 Guidance (units)</td>
</tr>
<tr>
<td>Nio</td>
<td>21,181</td>
<td>+35.4%</td>
<td>+4.98%</td>
<td>61,855</td>
<td>61,000-63,000</td>
</tr>
<tr>
<td>XPeng</td>
<td>21,352</td>
<td>+39%</td>
<td>+52.12%</td>
<td>46,533</td>
<td>41,000-45,000</td>
</tr>
<tr>
<td>Li Auto</td>
<td>53,709&nbsp;</td>
<td>+48.9%</td>
<td>+11.61%</td>
<td>152,831</td>
<td>145,000-155,000</td>
</tr>
<tr>
<td>BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>)</td>
<td>164,956&#x2A;</td>
<td>+9.10%</td>
<td>+11.10%</td>
<td>443,426</td>
<td>N/A</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">&#x2A;includes only battery EVs</figcaption></figure>
See Also: <a href="https://www.benzinga.com/money/best-electric-vehicle-stocks">Best EV Stocks</a>
Most of these companies are now focusing on the low end of the market. XPeng said the first month deliveries of its XPeng Mona M03, an affordable electric sedan launched in late August, topped 10,000 units. Nio, which has so far focused on the premium end of the market has forayed into the mass market with its Onvo brand. Deliveries of the first vehicle launched by the sub-brand, codenamed L60, began in late September.
Given China&#8217;s efforts to stimulate the domestic economy, the EV makers could see demand recovery, which bodes well for their fundamentals.
Incidentally, Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is scheduled to release its quarterly global deliveries report on Wednesday. Analysts, on average, expect the company to report sales of 465,000 units for the third quarter, with China primarily responsible for much of the upside. 
According to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data </a>in premarket trading:
<ul>
<li>Nio rose 4.49% to $6.98.</li>
<li>XPeng rallied 3.69% to $12.63.</li>
<li>Li Auto moved up 3.70% to $26.60.</li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/41082193/teslas-chinese-rival-nio-snags-1-9b-investment-from-parent-strategic-investors-as-it-forays-into" target="_blank" rel="noreferrer noopener">Tesla's Chinese Rival Nio Snags $1.9B Investment From Parent, Strategic Investors As It Forays Into Mass Market</a></li>
</ul>
Photo Via Shutterstock

Chinese EV Trio Nio, XPeng, Li Auto Surge Higher In Tuesday's Premarket: What's Going On

Chinese automaker BYD Co Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) is recalling 96,714 electric vehicles owing to risks of a part overheating, the country&#8217;s market regulator said on Monday.
What Happened: The recall population includes domestically produced Dolphin and Yuan PLUS EVs made between November 2022 and December 2023. It is not clear whether all the recalled vehicles are in operation within China or whether some were also exported. 
The capacitor within the column-assist electric power steering (CEPS) system may have cracks which can cause a short circuit, increasing risks of overheating or even fire, the regulator said.
BYD dealers will deploy a physical fix on the vehicles at no cost to the customer to resolve the issue, it added. 
The company did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga&#8217;s</a> request for comment.
Why It Matters: BYD, the biggest Chinese EV maker, sold 2,328,449 new energy vehicles (NEVs) this year through the end of August, including both passenger and commercial vehicles, marking an increase of nearly 30% from the corresponding period last year. NEV refers to both battery-electric vehicles and plug-in hybrid vehicles.
In the last quarter of 2023, BYD&nbsp;<a href="https://www.benzinga.com/news/24/09/40768611/elon-musk-shoots-down-reports-of-teslas-china-woes-amid-intense-competition-says-giga-shanghai-is-ru" target="_blank" rel="noreferrer noopener">took over American EV giant</a>&nbsp;Tesla Inc.&nbsp;in battery electric vehicle sales with 526,409 BEVs sold as compared to Tesla's 484,507 EVs. However, Tesla&nbsp;<a href="https://www.benzinga.com/news/24/04/38068997/elon-musk-dwells-on-wokeness-geopolitics-population-crisis-but-mostly-stays-silent-on-teslas-gloomy" target="_blank" rel="noreferrer noopener">took back the crown</a>&nbsp;in the first quarter of 2024.
Last week, the company announced that it made its<a href="https://www.benzinga.com/news/24/09/41043074/byd-makes-a-red-yangwang-u9-supercar-for-its-9-millionth-new-energy-vehicle"> 9 millionth NEV- a red Yangwang U9 supercar </a>produced by the company under its luxury car brand Yangwang.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41063317/toyotas-global-output-tumbles-11-after-suspension-of-production-of-2-suvs-in-north-america">Toyota&#8217;s Global Output Tumbles 11% After Suspension Of Production Of 2 SUVs In North America</a></li>
</ul>
Photo courtesy: Shutterstock

BYD Recalls Nearly 97K EVs Over Concerns Of Overheating Part, Potential Fire

BYD Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) on Wednesday made its 9 millionth new energy vehicle (NEV) to date, the Chinese EV giant said.
What Happened: &#8220;MAJOR MILESTONE: BYD's 9 Millionth NEV Rolls Off Production,&#8221; BYD wrote in a post on social media platform X. The post was adjoined by a picture of a red Yangwang U9, a supercar produced by the BYD under its luxury car brand Yangwang. The vehicle is priced at 1.68 million yuan ($0.24 million).
&#8220;The YANGWANG U9&#8217;s selection for this milestone underscores BYD&#8217;s advancement in luxury and performance segments,&#8221; BYD said on Wednesday. 
BYD made its 8 millionth NEV merely two months before in July. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">MAJOR MILESTONE: BYD's 9 Millionth NEV Rolls Off Production This accomplishment comes just two months after BYD&#39;s 8 millionth NEV. The YANGWANG U9&#39;s selection for this milestone underscores BYD&#39;s advancement in luxury and performance segments. BYD&#39;s rapid progress from 8 to 9… <a href="https://t.co/OYJQHivJgU">pic.twitter.com/OYJQHivJgU</a>
&mdash; BYD (@BYDCompany) <a href="https://twitter.com/BYDCompany/status/1839016952892895250?ref_src=twsrc%5Etfw">September 25, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: New energy vehicle refers to battery electric vehicles and plug-in hybrid vehicles. BYD sold 2,328,449 NEVs this year through the end of August, including both passenger and commercial vehicles, marking an increase of nearly 30% from the corresponding period last year.
In the last quarter of 2023, BYD <a href="https://www.benzinga.com/news/24/09/40768611/elon-musk-shoots-down-reports-of-teslas-china-woes-amid-intense-competition-says-giga-shanghai-is-ru">took over American EV giant</a> Tesla Inc. in battery electric vehicle sales with 526,409 BEVs sold as compared to Tesla&#8217;s 484,507 EVs. However, Tesla <a href="https://www.benzinga.com/news/24/04/38068997/elon-musk-dwells-on-wokeness-geopolitics-population-crisis-but-mostly-stays-silent-on-teslas-gloomy">took back the crown</a> in the first quarter of 2024.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
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Photo courtesy: Shutterstock

BYD Makes A Red Yangwang U9 Supercar For Its 9 Millionth New Energy Vehicle

Chinese electric vehicle manufacturer BYD (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rival plans to establish its <a href="https://www.benzinga.com/markets/equities/24/09/40946478/chinas-nio-says-40-of-its-store-managers-are-ex-tesla">first South Asian assembly plant in Pakistan</a>. The move follows a rejection from India.
What Happened: The plant, expected to be operational by 2026, is a collaboration with Pakistan&#8217;s largest private electricity producer, Hub Power (Hubco). Hubco&#8217;s subsidiary, Mega Motor, will partner with BYD to set up the facility near Karachi's Port Qasim, <a href="https://www.ft.com/content/bf1e6817-5313-4b6e-8e47-9e2960d30ecc">reported</a> Financial Times on Sunday. 
Hubco CEO Kamran Kamal said that the goal is for Pakistan to begin exporting vehicles from the plant. The government is encouraging BYD to target markets in Africa and South Asia, including Bangladesh and Sri Lanka.
"We have big ambitions to be the leading carmaker in this country by the end of the decade," Kamal said. "For any industry in Pakistan to be competitive, they should be focused on the export market."
BYD&#8217;s expansion into Pakistan comes amid broader international growth, with new factories planned in Turkey, Hungary, Thailand, and Brazil. The company is also considering a new factory in Mexico.
BYD declined to comment further on the specifics of the Pakistan project, which is still under discussion. The company aims to sell 100,000 plug-in hybrid and fully electric cars annually in Pakistan by 2030, according to the report.
See Also: <a href="https://www.benzinga.com/news/24/09/40899599/elon-musk-said-spacex-competitors-only-take-up-less-than-we-do-and-they-take-nothing-down-and-they-g?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Said SpaceX Competitors Only &#8216;Take Up Less Than We Do, And They Take Nothing Down, And They Get Paid Twice As Much&#8217; — 10 Years Later, Its Rival In Space Boeing Has Frozen Hiring And Is Weighing Furloughs</a>
Why It Matters: The decision by BYD to establish a plant in Pakistan follows a series of global strategic moves by Chinese automakers to counteract increasing trade barriers and tariffs. 
Recently, the President Joe Biden administration imposed <a href="https://www.benzinga.com/markets/asia/24/09/40886450/50-of-new-car-sales-in-china-are-electric-but-in-the-us-its-only-10-are-protectionist-policies-widen">a 100% tax on electric vehicles made in China</a>, affecting companies like BYD and Geely. This move is part of a broader effort to relocate manufacturing and boost U.S. jobs.
China has also advised its automakers to keep advanced EV technology within the country, even as they expand globally. This includes exporting knock-down kits for assembly abroad, and ensuring <a href="https://www.benzinga.com/news/24/09/40825946/china-wants-automakers-to-safeguard-their-ev-technology-and-keep-it-within-the-country-as-companies">key parts remain produced in China</a>.
BYD&#8217;s expansion is not just limited to Pakistan. The company has been making significant strides in Europe, showcasing their vehicles at trade fairs like the Automechanika in Frankfurt, <a href="https://www.benzinga.com/markets/equities/24/09/40818732/chinese-ev-manufacturers-byd-and-geely-storm-frankfurt-fair-as-eu-tariffs-threaten-to-crimp-thei">despite looming EU tariffs</a>.
Furthermore, the competitive <a href="https://www.benzinga.com/markets/equities/24/09/40946478/chinas-nio-says-40-of-its-store-managers-are-ex-tesla">landscape in China is intensifying</a>. Companies like NIO are also expanding aggressively, with a significant portion of their management coming from Tesla.
Read Next: 
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40968088/teslas-stock-performance-in-2019-and-2024-shows-striking-similarities-says-gary-bla?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla&#8217;s Stock Performance In 2019 And 2024 Shows &#8216;Striking&#8217; Similarities, Says Gary Black: Flags This Reason That May Lead To Price Surge In 2025</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Tesla's Chinese Rival BYD Plans To Assemble EVs In Pakistan After India Said No: 'We Have Big Ambitions'

The EV landscape is heating up, and three key players — Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Nio Inc &#8211; ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) and XPeng Inc &#8211; ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) — are battling for dominance. But who's <a href="https://www.benzinga.com/electric-vehicles">winning the race</a>?
<h1 class="wp-block-heading">Tesla: The Global Titan</h1>
Tesla has been in the driver&#8217;s seat for years, and despite its stock being down 7.11% in the past year, it&#8217;s making bullish moves. Elon Musk's ambitious robotaxi plans could reshape urban transport, posing a threat to Uber Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and Lyft Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>).
Add to that a more affordable Tesla vehicle on the horizon, and the company is positioning itself to fend off Chinese competitors like BYD Co Ltd (OTCPK:BYDDF).
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="631" height="458" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20071208/Screenshot-2024-09-20-at-4.41.52-PM.png" alt="" class="wp-image-558073" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20071208/Screenshot-2024-09-20-at-4.41.52-PM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20071208/Screenshot-2024-09-20-at-4.41.52-PM-300x218.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092024&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
Technically, Tesla's in a sweet spot. The stock's trading at $243.92, comfortably above key moving averages such as the 20-day SMA of $220.34.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="670" height="519" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20071301/Screenshot-2024-09-20-at-4.25.57-PM.png" alt="" class="wp-image-558074" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20071301/Screenshot-2024-09-20-at-4.25.57-PM.png 670w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20071301/Screenshot-2024-09-20-at-4.25.57-PM-300x232.png 300w" sizes="(max-width: 670px) 100vw, 670px" /></figure>
Source: <a href="https://www.benzinga.com/report/TSLA">Benzinga Report &#8211; TSLA</a>
With analysts giving a 12-month price target range of $22.86 to $310, Tesla's future looks volatile but full of upside potential.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40932786/tesla-bull-explains-why-elon-musks-xai-is-critical-to-ev-makers-autonomous-ambition">Tesla Bull Explains Why Elon Musk&#8217;s xAI Is Critical To EV Maker&#8217;s Autonomous Ambitions</a>
<h1 class="wp-block-heading">Nio: The Underdog With Momentum</h1>
Nio has taken a beating, with its stock down a staggering 38.78% over the past year. 
But don't count them out. NIO's strategic partnerships — such as securing batteries from BYD — and the launch of its cheaper ONVO L60 are targeting Tesla's price-sensitive consumers. The L60, priced below Tesla's Model Y in China, could be a game changer.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="631" height="458" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20071413/Screenshot-2024-09-20-at-4.42.15-PM.png" alt="" class="wp-image-558075" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20071413/Screenshot-2024-09-20-at-4.42.15-PM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20071413/Screenshot-2024-09-20-at-4.42.15-PM-300x218.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092024&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
On the technical front, Nio's stock is currently trading at $5.40, above its 50-day SMA of $4.42, signaling buying pressure.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="670" height="519" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20071444/Screenshot-2024-09-20-at-4.29.33-PM.png" alt="" class="wp-image-558076" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20071444/Screenshot-2024-09-20-at-4.29.33-PM.png 670w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20071444/Screenshot-2024-09-20-at-4.29.33-PM-300x232.png 300w" sizes="(max-width: 670px) 100vw, 670px" /></figure>
Source: <a href="https://www.benzinga.com/report/NIO">Benzinga Report &#8211; NIO</a>
With an estimated 37.53% upside potential, Nio might be down, but it's far from out.
<h1 class="wp-block-heading">XPeng: The Dark Horse</h1>
XPeng's stock has also struggled, down 42.57% year over year, but its progress is undeniable.
From rolling out its 500,000th vehicle to eyeing European markets with participation in the Paris Motor Show, XPeng is playing the long game.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="631" height="458" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20071938/Screenshot-2024-09-20-at-4.42.25-PM.png" alt="" class="wp-image-558090" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20071938/Screenshot-2024-09-20-at-4.42.25-PM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20071938/Screenshot-2024-09-20-at-4.42.25-PM-300x218.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092024&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
Technically, the stock is trading at $9.39, above its 20-day SMA of $8.34, flashing bullish signals. 
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="670" height="519" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20071944/Screenshot-2024-09-20-at-4.27.21-PM.png" alt="" class="wp-image-558091" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20071944/Screenshot-2024-09-20-at-4.27.21-PM.png 670w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20071944/Screenshot-2024-09-20-at-4.27.21-PM-300x232.png 300w" sizes="(max-width: 670px) 100vw, 670px" /></figure>
Source: <a href="https://www.benzinga.com/report/TSLA">Benzinga Report &#8211; XPEV</a>
Analysts predict up to a 10.47% price increase, making it a slower burn as compared to its rivals.
<h1 class="wp-block-heading">The Verdict</h1>
Tesla leads with innovation and market dominance, but Nio and XPeng are closing the gap, especially in the price-sensitive Chinese market.
Keep an eye on the underdogs!
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Photos: Tesla Model S, courtesy Tesla; Nio ES6, courtesy Nio; XPeng P7, courtesy XPeng

Analyst Color

Long Ideas

Technicals

LYFT

UBER

Tesla Vs. NIO Vs. XPeng: Will Robotaxis — Or Price Wars — Win The EV Battle?

The European Union is aiming to hold a vote on introducing definitive tariffs on electric vehicles imported from China on Sept. 25, according to people familiar with the plan.&nbsp;
<a href="https://www.bloomberg.com/news/articles/2024-09-13/eu-plans-sept-25-vote-on-raising-tariffs-on-evs-from-china?srnd=homepage-europe" title="https://www.bloomberg.com/news/articles/2024-09-13/eu-plans-sept-25-vote-on-raising-tariffs-on-evs-from-china?srnd=homepage-europe">https://www.bloomberg.com/news/articles/2024-09-13/eu-plans-sept-25-vote-on-raising-tariffs-on-evs-from-china?srnd=homepage-europe</a>

Macro Notification

'EU Plans Sept. 25 Vote on Raising Tariffs on EVs From China' - Bloomberg

iShares MSCI Turkey Investable Market Index Fund

BYD's Investment In Turkey Proceeding Smoothly Despite China's Advisory Against Overseas Investments, According To Turkish Industry Ministry Sources; Talks Ongoing With Other Chinese Carmakers For Additional Investments In Turkey

In a bold move to counter domestic profitability challenges and global trade barriers, nearly 900 Chinese auto suppliers and several EV manufacturers are showcasing their products at a Frankfurt trade fair.
What Happened: Chinese automakers like BYD (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>), Geely (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GELYF#OTC">GELYF</a>), Hongqi, and GAC International are set to present their vehicles at the Automechanika fair. This marks a new trend for the event, which has traditionally been a platform for suppliers.
Despite the emergence of trade barriers in Europe and North America, aimed at limiting the influx of China-made EVs, China&#8217;s auto sector continues to invest heavily in overseas expansion. The &#8220;EV Expo&#8221;, which opens on Tuesday, was established in partnership with the China Council for the Promotion of International Trade.
See Also: <a href="https://www.benzinga.com/news/24/09/40758526/boeing-starliner-returns-to-earth-without-sunita-williams-and-butch-wilmore-lands-in-new-mexico-afte?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Boeing Starliner Returns To Earth Without Sunita Williams And Butch Wilmore, Lands In New Mexico After 6-Hour Flight</a>
Automechanika&#8217;s director, Olaf Musshoff, expressed at a press conference, &#8220;We want EVs made by Chinese carmakers which are currently to some extent unknown to gain trust in the industry.&#8221;
Moody&#8217;s data shows that the auto sector&#8217;s share of China&#8217;s total outbound investments rose from 16% in 2018 to 22% in 2023, and car exports have hit record highs this year. The significant presence of Chinese suppliers at the fair, almost double the number of German suppliers, highlights their expanding role in the global supply chain. Chinese automakers are increasingly planning local production in Europe and other regions to circumvent trade tariffs limiting imports.
Why It Matters: The Chinese auto industry&#8217;s move to expand globally comes in the wake of European Commission&#8217;s <a href="https://www.benzinga.com/news/24/07/39635158/eu-imposes-provisional-duties-of-as-much-as-37-6-on-chinese-ev-imports">additional tariffs of up to 37.6% </a>on EV imports from China in July. The tariffs were a response to concerns that state-subsidized, cheaper EVs from China could push domestic players out of the market. The EU&#8217;s steps are similar to the ones taken by the U.S. and Canada to restrict access of Chinese EVs into these markets.
In response to these tariffs, Chinese EV manufacturers began <a href="https://www.benzinga.com/news/24/07/39662998/chinese-ev-makers-pivot-to-africa-amid-eu-and-us-tariff-hurdles">exploring Africa as a potential market</a>. However, China also <a href="https://www.benzinga.com/news/24/08/40484760/china-hits-back-at-eus-unfair-ev-tariffs-that-gave-relief-to-chinese-made-tesla-will-take-all-necess">voiced strong opposition </a>to these tariffs in August, labeling them as "unfair" and assuring its commitment to safeguard its EV industry against such actions.
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Photo via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Eurozone

GELYF

BYD, Geely And Other Chinese EV Makers Make A Strong Showing At Frankfurt Trade Fair Amid Restrictions From EU, US, Canada

Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) continues to strengthen its position in the U.S. electric vehicle market, with <a href="https://www.benzinga.com/electric-vehicles">notable improvements in August. </a>
According to JPMorgan&#8217;s August electric vehicle sales update, Tesla saw a 23% month-over-month increase in sales, driven by rising EV incentives and robust demand. 
Still, the Austin, Texas-based company saw a slight dip in <a href="https://www.benzinga.com/markets/equities/24/08/40428947/teslas-eroding-market-share-lucids-rawlinson-claims-bragging-rights-rivians-production-woes-and-">market share to 44%</a>.
The average EV incentive climbed to an all-time high of $8,300, further bolstering Tesla&#8217;s sales performance. Its dominance, however, is currently being challenged by rising competitors such as General Motors Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), which saw its market share increase to 10%. 
With inventory levels stable and below previous peaks, Tesla is well-positioned to maintain its leadership in the American market, JPMorgan says. 
<h2 class="wp-block-heading">Tesla&#8217;s German Market Struggles</h2>
While Tesla thrives in the U.S., its performance in Germany paints a different picture. The German EV market has faced challenges, with Tesla's market share dropping by 2.7% month-over-month. 
Despite a recent rebound in overall EU-5 EV/PHEV penetration to 19.6%, Germany's market remains sluggish compared to previous highs. The German government's recent tax incentives might offer some relief, but Tesla's struggles highlight the broader difficulties faced by EV manufacturers in Europe.
To this end, Tesla has announced plans to roll out its full self-driving driver assistance software in Europe and China in the first quarter of 2025.
In contrast, China's electric vehicle market is experiencing unprecedented growth.
August saw new energy vehicle (NEV) retail sales surpass 1 million units for the first time, with a 41.8% year-over-year increase. China's NEV penetration reached a record 53.1%, fueled by strong government incentives and a wave of new, affordable BEV models.
Tesla's market share in China remains strong, but it faces intensified competition from domestic manufacturers. Chinese brands like BYD Co Ltd (OTCPK:BYDDF) (OTCPK:BYDDY), Leap Motor and XPeng Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) are making significant gains, contributing to a dynamic and rapidly evolving market landscape. BYD and XPeng have reported significant gains in monthly deliveries, capturing 60% of the country's NEV market share.
Read Also: <a href="https://www.benzinga.com/markets/asia/24/09/40719138/nio-feels-buying-pressure-ahead-of-q2-earnings-can-the-ev-stock-shake-off-60-decline">Nio Feels Buying Pressure Ahead Of Q2 Earnings: Can The EV Stock Shake Off 60% Decline?</a>
<h2 class="wp-block-heading">Navigating A Complex EV Landscape</h2>
Tesla's solid U.S. performance contrasts sharply with its struggles in Germany and the rapidly changing dynamics in China. 
As the global EV market evolves, Tesla must navigate these regional challenges while capitalizing on its strengths to maintain its leadership position.
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Image: Shutterstock

Tesla's US Lead Solidifies But Slips In Germany; China's Surge Shakes Up EV Landscape

China&#8217;s top electric vehicle maker,&nbsp;BYD Co., Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>), reportedly will not launch a significant investment in Mexico until after the U.S. election.
This is because dwindling American policies prompt global businesses to adopt a wait-and-see approach, reported Bloomberg, citing people familiar with the matter.
BYD had plans surrounding three locations for a car production facility in Mexico but has ceased vigorously looking for now, the report added.
The postponement is essentially because BYD would choose to delay and notice the outcome of the race between former President Donald Trump&nbsp;and Vice President Kamala Harris in early November.
They added that BYD&#8217;s halted factory plans may still be rejuvenated or could change, and no final judgment has been made.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/08/40570659/warren-buffett-backed-byd-join-forces-with-huawei-for-advanced-autonomous-driving-in-off-road-evs" rel="noreferrer noopener">Warren Buffett-Backed BYD Join Forces With Huawei For Advanced Autonomous Driving In Off-Road EVs</a>
One site that was under review was around the city of Guadalajara, which emerged over the past decade as a technology hub sometimes described as Mexico&#8217;s Silicon Valley. BYD sent a&nbsp;panel&nbsp;to the area for a visit in March, Bloomberg added.
In February, Stella Li, BYD&#8217;s executive vice president, attended the launch of the automaker&#8217;s Dolphin Mini model in Mexico City, while senior management hosted an event at a BYD-sponsored box during the Formula E Mexico City E-Prix in January.
Mexico has experienced a surge in investment announcements from both Chinese and Western auto manufacturers, including Tesla Inc. However, Tesla&#8217;s planned mega-factory was put on hold in July due to uncertainties surrounding the U.S. election. Republican nominee Trump, who has been endorsed by Tesla CEO Elon Musk, has frequently threatened tariffs on products made in Mexico.
Tesla had proposed building the plant in the northern state of Nuevo Leon, with an estimated $10 billion investment over multiple phases, Bloomberg added.
The Biden administration is closely monitoring any efforts by Chinese companies to export cars from Mexico to the U.S. and is exploring measures to block such moves if they attempt to bypass tariffs on EVs made in China, according to U.S. Trade Representative Katherine Tai in a May interview, Bloomberg added.
Image via Shutterstock
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<li><a href="https://www.benzinga.com/markets/equities/24/08/40646699/teslas-china-woes-just-got-worse-xpengs-model-3-killer-receives-over-30k-orders-in-48-hours-of-l?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla&#8217;s China Woes Just Got Worse: XPeng&#8217;s Model 3 Killer Receives Over 30K Orders In 48 Hours Of Launch</a></li>
</ul>

China's EV Giant BYD Reportedly Delays Mexico Move, Eyes US Election Results Before Big Investment

BYD Americas Head Says Firm Has Not Postponed Any Decision About Mexico Plant

<a href="https://www.bloomberg.com/news/articles/2024-09-03/china-s-byd-said-to-pause-mexico-plant-until-after-us-election?srnd=phx-technology">https://www.bloomberg.com/news/articles/2024-09-03/china-s-byd-said-to-pause-mexico-plant-until-after-us-election?srnd=phx-technology</a>
&nbsp;
China&#39;s top electric-vehicle maker <a href="https://www.bloomberg.com/quote/1211:HK">BYD Co.</a> won&#39;t announce a major plant investment in Mexico until at least after the US election, according to people familiar with the matter, as shifting American policy forces global businesses into wait-and-see mode.
BYD was scouting three locations for a car production facility in Mexico but has stopped actively looking for now, several of the people said, asking not to be identified discussing information that&#39;s private.

'China's BYD To Pause Mexico Plant Until After U.S. Election' - Bloomberg News

BYD Co., Ltd.(OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) has reportedly launched its inaugural store in Suriname, marking the Chinese new energy vehicle (NEV) <a target="_blank" href="https://www.benzinga.com/news/24/08/40547419/teslas-new-york-gigafactory-touches-new-production-milestone-makes-8000-supercharger-adapters-in-a-w?itm_source=parsely-api" rel="noreferrer noopener">manufacturer&#8217;s entry into the Surinamese market.</a>
The new store is located in Paramaribo, the capital of Suriname, and represents BYD&#8217;s initial expansion into South America, <a target="_blank" href="https://cnevpost.com/2024/09/03/byd-opens-1st-store-suriname/" rel="noreferrer noopener">reported</a> CnEV Post.
This development marks another significant milestone for BYD in South America. The store&#8217;s opening ceremony was attended by local dignitaries, including Suriname&#8217;s Vice President Ronnie Brunswijk.
BYD has introduced four models in Suriname: the Dolphin, Seal, Yuan Plus, and Song Plus DM-i.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/08/40570659/warren-buffett-backed-byd-join-forces-with-huawei-for-advanced-autonomous-driving-in-off-road-evs" rel="noreferrer noopener">Warren Buffett-Backed BYD Join Forces With Huawei For Advanced Autonomous Driving In Off-Road EVs</a>
The Chinese NEV manufacturer is expanding internationally to take advantage of the opportunities arising from the global shift towards electrification.
In South America, Brazil is BYD&#8217;s key market. On May 23, BYD celebrated the opening of its 100th dealer store in Brazil, as announced earlier this year. The company aims to expand its network to 250 dealer stores in Brazil by the end of 2024.
In August, BYD set a new record with the sale of 373,083 new energy vehicles (NEVs), marking a 35.97% increase compared to the previous year and an 8.97% rise from July. Of this total, 31,451 NEVs were sold in international markets, reflecting a 25.69% year-on-year growth and a 4.79% increase from July.
From January to August, BYD sold 264,869 vehicles overseas, a significant 125.46% increase year-on-year, which accounted for 11.38% of its total NEV sales.
Since March 2022, BYD has ceased production and sales of vehicles solely powered by combustion engines, shifting its focus to plug-in hybrids and pure electric vehicles, CnEV Post added.
Photo by Philip Lange on Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/news/24/08/40621232/uber-ceo-dara-khosrowshahi-visits-byd-hq-in-china-to-discuss-onboarding-100k-byd-evs-on-the-ride-hai" target="_blank" rel="noreferrer noopener">Uber CEO Dara Khosrowshahi Visits BYD HQ In China To Discuss Onboarding 100K BYD EVs On The Ride-Hailing Platform</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tesla's Top Rival BYD Launches First Store In Suriname, Reportedly Expanding Presence In South America

Shares of Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) are moderately higher in premarket trading on Tuesday even as the i<a href="https://www.benzinga.com/news/earnings/24/09/40682836/wall-street-poised-for-sharply-lower-start-in-new-week-as-risk-off-sentiment-dominates-vix-spikes-a">ndex futures point to a sharply lower start for the broader market.</a>
The optimism toward the Elon Musk-led company&#8217;s stock may have to do with the electric vehicle maker&#8217;s China sales numbers. Data released by the China Passenger Car Association showed that Tesla sold 86,697 vehicles in August, marking a nearly 17% jump from July and a more modest 3% rise from a year ago, CnEVPost<a href="https://cnevpost.com/2024/09/02/tesla-china-sells-86697-cars-aug-2024/"> reported. </a> A more detailed report, giving a breakup between domestic sales and exports, will be released later this week.
The performance <a href="https://www.benzinga.com/markets/equities/24/09/40669363/teslas-china-rivals-report-steady-august-sales-performance-amid-intense-price-competition-what-i">is in line with Tesla&#8217;s domestic rivals</a>. Warren Buffett-backed BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) reported month-over-month and year-over-year growth of 14.21% and 1.95%, respectively, for August. The total battery EV sales of BYD were 148,470 units.
August deliveries of both Nio, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) and Beijing-based Li Auto, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) fell from the previous month, although increasing from a year ago.
Tesla&#8217;s fairly robust showing came on the back of the company extending its zero-interest financing and it remains to be seen whether the top-line gain would seep through to the bottom line.
In premarket, Tesla gained 0.78% to $215.77, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a> The stock traded 14% lower for the year-to-date period.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
See Also: <a href="https://www.benzinga.com/money/best-electric-vehicle-stocks">Best EV Stocks</a>
Image via Unsplash

Movers

Tesla Stock Rises In Tuesday's Premarket: What's Charging Up EV Giant

Tesla, Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rivals in the <a href="https://www.benzinga.com/topic/chinese-ev-stocks">Chinese electric-vehicle market</a> reported monthly sales numbers for August, which showed flattish to slightly higher performance versus a strong July.
What Happened: Of the U.S.-listed trio, XPeng, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) outperformed with both year-over-year and quarter-over-quarter increases in August. Warren Buffett-backed BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) also showed modest month-over-month growth, although its plug-in-hybrids did better than pure battery EVs. 
Shanghai-based Nio, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) and Beijing-based Li Auto, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) could not match their strong July showing, although both reported growth compared to a year ago. Nio has clocked 20k+ deliveries in each of the past four months.
Li Auto&#8217;s August deliveries came in shy of the record 51,000-unit sales for July. In a statement, Xiang Li, chairman and chief executive officer, said, &#8220;Li L6 has gained widespread popularity among young users, with deliveries exceeding 20,000 for the third consecutive month, further expanding our market share. Notably, our share of the RMB200,000 and higher NEV market grew to 18% in July, outpacing Tesla to become the sales champion among NEV brands in China.&#8221;
Here&#8217;s how the foursome performed in August:
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td></td>
<td>August Deliveries (in units)</td>
<td>Y-o-Y Change</td>
<td>M-o-M Change</td>
</tr>
<tr>
<td>Nio</td>
<td>20,176&nbsp;</td>
<td>+4.38%</td>
<td>-1.57%</td>
</tr>
<tr>
<td>XPeng</td>
<td>14,036&nbsp;</td>
<td>+2.53%</td>
<td>+25.94%</td>
</tr>
<tr>
<td>Li Auto</td>
<td>48,122</td>
<td>+37.83%</td>
<td>-5.64%</td>
</tr>
<tr>
<td>BYD</td>
<td>148,470</td>
<td>+1.95%</td>
<td>+14.21%</td>
</tr>
</tbody>
</table>
</figure>
BYD&#8217;s plug-in hybrid sales sizzled, with over 73% year-over-year growth and a 5.5% month-over-month increase. Taking into account both plug-ins and BEVs, the company&#8217;s deliveries came in at 370,854 for August, up from 370,854 units in July.
See Also: <a href="https://www.benzinga.com/money/best-electric-vehicle-stocks">Best EV Stocks</a>
XPeng Talks Up New Model: XPeng said its new all-electric hatchback coupe Mona M03, which comes in three variants priced between 119,800 yuan ($16,890) and 155,800 yuan, is the world's first mass-produced vehicle to offer high-level ADAS functionality for under&nbsp;200,000 yuan.
Why It&#8217;s Important: The Chinese EV market has become highly competitive with the mushrooming of nimble domestic upstarts. Tesla, the global EV leader, has found the going tough in China due to the rising competitive threat. Recently, the company said it has extended the zero-interest financing it offered to attract sales until the end of September.
Commenting on the move, GLJ Research&#8217;s Gordon Johnson said it reflected<a href="https://www.benzinga.com/news/24/08/40550115/horror-show-for-teslas-q3-margins-says-analyst-as-elon-musk-led-company-extends-zero-percent-financi"> Tesla&#8217;s ongoing demand problem in China, </a>which is one of the key markets for the company. Tesla is stymied by a lack of a low-end model, keeping it off this segment of the market.
Tesla&#8217;s China performance in August would be known when the China Passenger Car Association releases the number in the unfolding week. 
China EV Stock Performances: According to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data,</a>
<ul>
<li>Nio ended Friday&#8217;s session at $4.04, down 2.54%.</li>
<li>XPeng added 2.29% before closing at $8.05.</li>
<li>Li Auto fell 1.17% to $19.46.</li>
<li>BYD&#8217;s ADRs listed over the counter closed at $60.96, down 0.03%.</li>
</ul>
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/08/40666309/fire-at-rivian-campus-tesla-analyst-hints-at-q3-horror-show-xpengs-model-3-killer-sizzles-and-mo">Fire At Rivian Campus, Tesla Analyst Hints At Q3 &#8216;Horror Show,&#8217; XPeng&#8217;s Model 3 Killer Sizzles And More: Biggest EV Stories Of The Week</a></li>
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Tesla's China Rivals Report Steady August Sales Performance Amid Intense Price Competition: What Investors Should Know

Chinese EV market September overview: BYD, Li Auto, and Xpeng report the highest deliveries

EV watch: Tesla deliveries, robotaxi musings, and soaring deliveries in China

Tesla: China Stimulus Already Priced In

Toyota Stays With Hybrids And Hydrogen

Ford Is Taking The China Threat Seriously

Buy BYD Stock With Automaker Poised To Benefit From Innovation, Macro Stimulus

DRAG, a newly launched ETF that provides exposure to China

Newly launched ETF DRAG offers exposure to China

EU members vote to impose tariffs on China-made electric vehicles

Tesla: High Hopes Could Meet Harsh Reality Next

ASHR

BMWYY

CHIQ

CNYA

CQQQ

CWEB

CXSE

DRAG

GELYY

GOEV

KLIP

KWEB

LCID

MCHI

MPNGF

NTES

PSNY

RIVN

RNSDF

TCEHY

TOYOF

VLKAF

XIACF

YINN

欧州連合（EU）やアメリカの関税引き上げに対する対応として、中国の電気自動車（EV）メーカーが潜在的な市場としてアフリカを探っている。
出来事：EUと米国が中国EVに対して関税を引き上げる決定を受け、中国企業は代替市場を求めている。月曜日、南シナ・モーニング・ポストが<a href="https://www.scmp.com/news/china/diplomacy/article/3269234/chinese-ev-makers-bypass-eu-and-us-tariff-roadblock-turning-towards-africa?module=top_story&amp;pgtype=homepage">報じた</a>ところによると、中国の電気自動車メーカー<a class="link rapid-noclick-resp" href="https://www.bloomberg.com/quote/NN0002:HK">Neta Auto</a>の副社長、周江氏は、その関税を「保護主義的な政策」と緩く例え、「一時的な後退」とした。
周氏は、中国のEVブランドの海外展開においてケニアにあるNeta Autoの最初のアフリカ店の重要性を強調した。周氏によれば、アフリカ、東南アジア、南米、一部の欧州市場が中国のEVブランドの関心を集めているとのことだ。
6月12日、欧州委員会は、7月4日より中国製EV輸入品に最大38％の追加関税を発表し、この一環として米国は中国製EV輸入品に対する関税を25％から100％にまで4倍に引き上げることを決定した。EUと米国の両国政府は、中国が自国の自動車メーカーに補助金を提供して市場を歪め、低コストのEV車が流入する原因となったとして中国を非難している。中国政府はこれらの主張を「根拠のない誇張」と一蹴した。
関連記事：<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39647985/tesla-most-undervalued-ai-play-in-the-market-analyst-says-rubber-meets-the-road-on-?itm_source=parsely-api" target="_blank" rel="noopener noreferrer">Teslaのロボタクシー、ロードスターデーを前に再び注目される</a>
ナイロビにおいて、Neta AutoはNeta Vスターモデル車を発売し、満充電時に約380kmの走行が可能な価格は3万1,000ドル前後。同社はケニアに拠点を置くAssociated Vehicle Assemblers社と月に250台のEV車を組み立てるための覚書も締結し、アフリカ全域へのNeta EV輸出のハブとしての地位を確立した。
今後2年間でNeta Autoは20か国に進出し、アフリカで100の店舗を開く予定であり、3年以内に年間販売台数は2万台以上になることを目指している。
今回の出来事の重要性：中国EV車に対するEUの追加関税は、この動きにとって大きな要因となっている。中国の国家補助金を受けることで低コストでEV車を生産できる中国製EV車が、市場内の国内勢を押しやるという懸念から、これらの関税が導入された。
関税の引き上げにも関わらず、中国のEVメーカーは引き続きグローバルでの拡張を進めている。BYD Co., Ltd.（OTC:BYDDF）などの企業は貿易摩擦にもかかわらず、現地の工場への投資を続けている。また、BYDは<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">タイに初工場を開設する</a>計画も立てており、それにより乗用車の販売を増やす方針。 中国のEV車メーカーは<a class="ticker" href="https://www.benzinga.com/news/24/07/39612852/warren-buffett-backed-chinese-ev-giant-byd-to-open-first-southeast-asia-factory-to-increase-car-sale">タイに初の工場を設置</a>する計画も立てており、それにより乗用車の販売を増やす方針。
中国のEVメーカーは好調を維持しており、NIO Inc.（NYSE:NIO）は2024年6月に2万1209台の車両を納入し、年初比で98.1％の成長を遂げた。同じ月には、XPeng（NYSE:XPEV）も1万688台の車両を納入し、年初比で24％の成長を遂げた。Li Auto（NASDAQ:LI）は、12月に記録した5万353台のEV車にわずかに届かなかったが、6月には4万7774台の車両を納入した。 これにより、中国のEVメーカーは課題にもかかわらず、世界的な影響力を持つ企業の拡大を実現している。
株価の変動： <a href="https://pro.benzinga.com">Benzinga Pro</a>によると、月曜日のプレマーケット取引では、Nioは株価が1.52％低下し、4.560ドルで取引されている。前週金曜日の終値は4.620ドル。Li Autoは、前日比1.66％安い20.46ドルで取引されており、XPengは前週末の終値7.920ドルから3.91％安い7.610ドルで取引されている。一方、BYDの終値は60.10ドルとなっている。
次の一手
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/technicals/24/07/39646799/nio-stock-takes-a-wild-ride-leadership-shake-up-mixed-technical-signals?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nio Stock Takes A Wild Ride: Leadership Shake-Up, Mixed Technical Signals</a></li>
</ul>
この記事は、<a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a>によって作成され、Pooja Rajkumariによって編集されました

国内で業績が鈍化しつつ、中国生まれの<a class="keyword" href="https://www.benzinga.com/markets/asia/24/04/38141148/chinas-newest-ev-entrant-ignites-another-fierce-price-war-even-small-fry-feel-the-heat" target="_blank" rel="noopener">電気自動車メーカー</a>が海外で波乱を巻き起こしている。
出来事： 2024年第1四半期、中国の自動車ブランドは海外で前年度同期比40％の売り上げが伸び、輸出総数が47万台に達した。中国自動車乗用車協会（CPCA）のデータを引用したCnEVPostより確認できる。
リードするのは中国の自動車メーカーのトップは、SAIC, Chery, グレートウォールモーター, ビュイック（OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>）（OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>）などがいる。
彼らのうち最も多くを輸出しているのは中の中で最大手のSAICで、12万6000台以上の車両を海外に輸出している。続くChery、Great Wall Motor、BYDはそれに続いており、合計すると中国ブランドの総輸出の半分を超えるものとなっている。
欧州とアジアが注目 この成功物語は電気自動車（NEV）市場にも広がっている。欧州とアジアでの中国のNEVの需要は依然として過去最高を記録し、それを証明するのが2024年第1四半期に輸出された111億ドル相当のNEVが挙げられる。欧州とアジアが主要な目的地となっており、中国製の車両はこれらの地域で新たな市場を見いだしている。
関連記事：<a href="https://www.benzinga.com/money/best-chinese-stocks" target="_blank" rel="noopener">最高の中国株5選</a>
海外でのNEV販売では、BYD、SAIC、Geely、Great Wall Motorがリードしており、Xpeng（NYSE：<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>）とNio（NYSE：<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>）がそれに続いている。
<figure class="wp-block-table">
<table>
<tbody>
<tr>
<td>EVメーカー</td>
<td>2024年第1四半期のNEV海外販売</td>
</tr>
<tr>
<td>BYD</td>
<td>47,238</td>
</tr>
<tr>
<td>SAIC</td>
<td>31,018</td>
</tr>
<tr>
<td>Geely</td>
<td>13,384</td>
</tr>
<tr>
<td>Xpeng</td>
<td>1,432</td>
</tr>
<tr>
<td>Nio</td>
<td>388</td>
</tr>
</tbody>
</table><figcaption class="wp-element-caption">CPACからのデータ</figcaption></figure>
イノベーションが販売を駆動？ 中国の一部の電気自動車メーカーは、国内市場での業績の鈍化に直面しているが、車内ベッドやキッチンなど<a href="https://www.benzinga.com/news/24/03/37578779/tesla-rivals-in-china-are-tempting-buyers-with-in-car-beds-kitchens-and-drones-amid-ev-industry-slow" target="_blank" rel="noopener">独創的な機能を導入する</a>という新しい手法を考え始めている。
BYDのプレミアム戦略 中国トップの電気自動車メーカーであるBYDは<a href="https://www.benzinga.com/markets/asia/24/04/38480400/why-tesla-rival-byd-charges-up-to-3x-more-for-evs-in-europe-while-china-prices-remain-shockingly-low" target="_blank" rel="noreferrer noopener">欧州で異なるアプローチをとっている</a>。安い車両を大量に供給するのではなく、BYDはプレミアム価格で非常に高い値段を付け、利益を上げつづけている。
中国の電気自動車メーカーは、アメリカなどの主要市場での貿易障壁に対応するため、この他にも独自の方法<a href="https://www.benzinga.com/markets/asia/24/02/37062412/how-chinese-ev-traders-are-beating-global-barriers-with-a-stealthy-tactic-to-conquer-new-markets" target="_blank" rel="noopener">を使っているとも言われている。</a> これは中国の中古車の輸出について、メーカーの認可なしに輸出することができる政策を利用しているものだ。このループホールによって、事実上「中古車」となるよう、新車の登録を中国で行い、その後すぐに海外に輸出することが可能となり、輸出制限を回避することに成功している。
写真提供：シャッターストック
次の記事：2024年までに中国とアメリカにおける電気自動車需要が急拡大し、世界のガソリン需要が大幅に減少する見通し

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<a style="color: #225aa9; text-decoration: none;" href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener">詳細はこちら。</a>
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