オプションチェーンは、BYDの株式オプションの主要データを様々な行使価格と満期日で表示します。トレーダーはこの情報を使用して、潜在的な取引を分析し、BYDの市場センチメントを評価します。.

BYD (OTC:BYDDF) 株価情報, オプションチェーン

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 4.3 million passenger NEVs in 2024, accounting for 35% 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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Global

Markets

Tech

General

BYDDF

XPEV

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

Asia

Retail Sales

Media

BYDDY

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

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 reportedly on track to surpass Tesla and become the world&#8217;s top battery electric vehicle brand in 2025, capturing an <a href="https://www.benzinga.com/25/04/44610548/trumps-auto-tariffs-could-crush-demand-blow-26-billion-hole-in-industry-profits" target="_blank" rel="noreferrer noopener">impressive 15.7% global market share.</a>
According to Counterpoint Research&#8217;s latest Global Passenger EV <a href="https://www.counterpointresearch.com/insight/byd-to-surpass-tesla-as-global-bev-leader-in-2025-for-first-time/" target="_blank" rel="noreferrer noopener">Forecast</a> released Wednesday, BYD&#8217;s aggressive growth strategy, fueled by its technological innovations and vertically integrated production model, positions it as a strong contender in the electric vehicle market.
One of BYD&#8217;s most significant advancements is the introduction of its ultra-fast charging system, which sets a new industry benchmark.
Key features of the system include a 1,000V electrical architecture for efficient energy transfer, 10C charging rate batteries that provide up to 400 km of range in just 5 minutes, and silicon carbide power chips for enhanced efficiency and heat resistance.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/25/04/44621297/tesla-brand-wont-suffer-from-elon-musks-antics-says-analyst-despite-delivery-miss-8-stock-drop-in-after-hours-trading" rel="noreferrer noopener">Tesla Brand Won&#8217;t Suffer From Elon Musk&#8217;s &#8216;Antics,&#8217; Says Analyst Despite Delivery Miss, 8% Stock Drop In After-Hours Trading</a>
The company&#8217;s Blade Battery technology, known for its safety and durability, further optimizes the system for rapid charging, positioning BYD ahead of Tesla&#8217;s Supercharger, which delivers only 275 km in 10 minutes, according to Counterpoint Research.
Tesla, however,<a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/04/44611347/is-elon-musk-leaving-doge-role-trump-tells-cabinet-move-could-happen-soon-report" rel="noreferrer noopener"> is facing several challenges.</a>
The report says these include reputational issues due to CEO Elon Musk&#8216;s controversial political stances, softening sales in key markets, and escalating geopolitical risks, particularly U.S.-China trade tensions.
The electric vehicle company produced 362,615 vehicles (including 345,454 Model 3/Y)in the first quarter, down from <a href="https://www.benzinga.com/markets/equities/24/04/38047077/tesla-stock-dives-as-q1-deliveries-disappoint-but-ev-giant-reclaims-top-spot-from-chinese-rival" target="_blank" rel="noreferrer noopener">433,371 a year ago</a>.
t delivered 336,681 vehicles (323,800 Model 3/Y) in Q1, down from 386,810 vehicles a year ago.
Wedbush analyst Daniel Ives <a href="https://www.benzinga.com/analyst-ratings/price-target/25/03/44519930/tesla-turmoil-analyst-pins-hope-new-era-robotics-fsd">projected first-quarter revenue</a> of $24.05 billion and EPS of 56 cents. He expects the first quarter to be the "low point."
With these headwinds, Tesla&#8217;s growth could slow down through 2025.
BYD&#8217;s vertically integrated supply chain, which controls components like batteries and motors, gives the company a competitive pricing edge and operational efficiency.
If the fast-charging system delivers as promised, 2025 could be a defining year for BYD, cementing its place as a global BEV leader.
Price Action: TSLA shares are trading lower by 5.71% to $266.98 premarket at last check Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/25/04/44623803/elon-musk-white-house-deny-reports-of-tesla-ceos-early-exit-from-trump-team" target="_blank" rel="noreferrer noopener">Elon Musk, White House Deny Reports Of Tesla CEO&#8217;s Early Exit From Trump Team</a></li>
</ul>
Photo by Philip Lange on Shutterstock.

Equities

Movers

TSLA

Tesla's EV Crown At Risk As BYD Closes In With Breakthrough Charging Tech

Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) announced the details of its <a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/b44606521/tesla-first-quarter-2025-production-deliveries-deployments" rel="noreferrer noopener">first-quarter production</a>, deliveries, and deployment on Wednesday. The stock fell after the disclosure.
The electric vehicle company produced 362,615 vehicles (including 345,454 Model 3/Y), down from <a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38047077/tesla-stock-dives-as-q1-deliveries-disappoint-but-ev-giant-reclaims-top-spot-from-chinese-rival" rel="noreferrer noopener">433,371 a year ago</a>.
It delivered 336,681 vehicles (323,800 Model 3/Y), down from 386,810 vehicles a year ago.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/regulations/25/03/44330619/tesla-bets-on-low-cost-evs-in-china-after-february-sales-hit-two-year-low" rel="noreferrer noopener">Tesla Bets On Low-Cost EVs in China After February Sales Hit Two-Year Low</a>
The company said that while the changeover of Model Y lines across all four of its factories led to the loss of several weeks of production in the first quarter, the ramp of the New Model Y continues to go well.
Tesla also deployed 10.4 GWh of energy storage products.
Tesla stock has plunged 32% year-to-date. The company&#8217;s U.S. registrations dropped 11% in January, while rivals like Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) and Volkswagen (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) saw a 44% surge.
Tesla&#8217;s EU registrations <a target="_blank" href="https://www.benzinga.com/25/03/44283118/tesla-loses-ground-in-us-ev-market-while-rivals-accelerate-ahead-in-january-report" rel="noreferrer noopener">halved in January</a> as brand sentiment and political backlash weigh on growth. Meanwhile, Musk&nbsp;announced that&nbsp;Tesla&nbsp;would double its vehicle production in the U.S. within two years.
Additionally, President Donald Trump transformed the White House to showcase Tesla vehicles in solidarity with&nbsp;his senior advisor and de facto head of the Department of Government Efficiency (DOGE), Musk and his company. Trump also&nbsp;purchased a Tesla Model S Plaid.
Musk has acknowledged the challenges of running his business while working with DOGE amid a massive decline in Tesla&#8217;s stock price.&nbsp;
Wedbush&nbsp;analyst Daniel Ives projected <a target="_blank" href="https://www.benzinga.com/analyst-ratings/price-target/25/03/44519930/tesla-turmoil-analyst-pins-hope-new-era-robotics-fsd" rel="noreferrer noopener">first-quarter deliveries</a> in the 355,000-360,000 range. That&#8217;s down ~7%, courtesy of demand softness in Europe, the U.S., and China.
Ives estimated that 30% of the very soft first-quarter delivery number is related to Tesla chief Elon Musk, the brand, and DOGE. About 70% is more timing and non-brand headwind issues.
Ives projected first-quarter revenue of $24.05 billion and EPS of 56 cents. He expects the first quarter to be the &#8220;low point.&#8221;
Tesla&#8217;s full self-driving technology, affordable vehicle launch, more Model 3/Y refreshes, and autonomous and robotics/Optimus technology improvements &#8220;set the stage for a new era of growth,&#8221; according to the analyst.
Price Action: TSLA stock is down 1.20% at $265.23 at the last check on Wednesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/04/44582215/chinas-xpeng-clocks-record-q1-ev-sales-deliveries-surge-3-6x" target="_blank" rel="noreferrer noopener">China&#8217;s XPeng Clocks Record Q1 EV Sales, Deliveries Surge 3.6X</a></li>
</ul>
Image via Shutterstock

VWAGY

Tesla's Deliveries Slide In Q1 Amid Production Setbacks, Political Backlash

Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) sales in key European markets continued their downward trend in March, extending losses for a third consecutive month in multiple countries as the electric vehicle maker faces mounting challenges from <a href="https://www.benzinga.com/markets/equities/25/04/44599196/gene-munster-warns-teslas-q1-deliveries-will-be-ugly-expects-june-to-be-worse-before-gradual-recovery">Chinese competition and backlash</a> against CEO Elon Musk&#8216;s political activities.
What Happened: New Tesla registrations in France dropped 36.8%, Sweden fell 63.9%, and Norway slipped 1% compared to March 2024, according to official data. 
Denmark and the Netherlands saw even steeper declines of 65.6% and 61%, respectively, reported Reuters. First-quarter sales were down across all these markets, with quarterly declines ranging from 12.5% in Norway to 55.3% in both Sweden and Denmark.
Musk&#8217;s increasingly visible political activities, including support for far-right parties in Europe and his close alliance with U.S. President Donald Trump, appear to be alienating potential customers. 
This political stance has made Tesla vehicles and showrooms targets for vandalism, with <a href="https://in.benzinga.com/markets/equities/25/03/44555726/chamath-palihapitiya-claims-tesla-attacks-part-of-organized-effort-against-elon-musks-doge-role">cars burned and dealerships spray-painted</a> in Rome, Berlin, and Stockholm in recent days.
&#8220;We&#8217;re all embarrassed,&#8221; said Luca Del Bo, president of Italy&#8217;s Tesla owners club. &#8220;We&#8217;d all be happy of course if Musk just went back to just being a CEO.&#8221;
See Also: <a href="https://www.benzinga.com/trading-ideas/movers/25/04/44599257/bitcoin-ethereum-dogecoin-edge-higher-as-market-braces-for-trumps-liberation-day-why-arthur-hayes-still-sees-btc-hitting-250000-by-year-end">Bitcoin, Ethereum, Dogecoin Edge Higher As Market Braces For Trump&#8217;s &#8216;Liberation Day:&#8217; Why Arthur Hayes Still Sees BTC Hitting $250,000 By Year-End</a>
Why It Matters: Analysts expect Tesla to announce disappointing first-quarter global deliveries on Wednesday. Deepwater Asset Management&#8216;s Gene Munster predicts <a href="https://in.benzinga.com/markets/equities/25/04/44599196/gene-munster-warns-teslas-q1-deliveries-will-be-ugly-expects-june-to-be-worse-before-gradual-recovery">approximately 355,000 deliveries</a>, down about 8% year-over-year and below the analyst consensus of 377,592. Prediction markets on Kalshi give just a 56% probability of Tesla exceeding 350,000 deliveries.
The company&#8217;s European market share has declined, with brands 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>) and other Chinese EV makers gaining ground.
Price Action: Tesla Inc. closed at $268.46 on Tuesday, gaining 3.59% for the day. In after-hours trading, the stock edged down 0.14% to $268.08. Year to date, Tesla has fallen 29.22%.
Tesla stock has outperformed rivals Nio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) and Lucid Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) but trails Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) in short- to long-term price trends, according to Benzinga Edge Stock Ranking. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Sign up to learn more</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/25/04/44601019/as-uncle-sam-tightens-purse-strings-palantir-is-feeling-the-squeeze">Elon Musk&#8217;s DOGE, Tightening Purse Strings Spell Trouble For Palantir: Here&#8217;s Why The AI Darling Is Facing The Heat</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

LCID

RIVN

Tesla's European Sales Decline For 3rd Consecutive Month Amid China Competition, CEO Elon Musk's Political Controversies

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk doubled down on his longtime <a href="https://www.benzinga.com/25/01/43327837/tesla-ceo-elon-musk-dismises-lidar-again-says-if-humans-drive-without-shooting-lasers-from-their-eyes-so-can-autonomous-cars">skepticism of LiDAR technology</a> on Thursday following the videos of YouTubers testing his EV vehicles against a ‘Wile E. Coyote' fake wall challenge.
What Happened: Musk took to X, formerly Twitter, to repeat a key pillar of Tesla's self-driving vision: cameras and AI are all you need.
"People don't shoot lasers out of their eyes to drive," Musk wrote, sharing an old clip from Tesla's 2019 Autonomy Day. "Just try Tesla self-driving today, which just uses cameras and AI, and you will understand."
In the video, Musk called LiDAR a "fool's errand," saying, "Anyone relying on LiDAR is doomed. Doomed! Expensive sensors that are unnecessary… like having a whole bunch of expensive appendices."
See Also: <a href="https://www.benzinga.com/media/25/03/44508019/tesla-and-other-us-robotics-giants-demand-federal-strategy-to-compete-with-chinas-138-billion-push-warn-america-will-lose-the-race-without-it">Tesla And Other US Robotics Giants Demand Federal Strategy To Compete With China&#8217;s $138 Billion Push — Warn America Will Lose The Race Without It</a>
<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">People don't shoot lasers out of their eyes to drive. Just try Tesla self-driving today, which just uses cameras and AI, and you will understand. <a href="https://t.co/uArUTLAhlF">https://t.co/uArUTLAhlF</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1905296913567506951?ref_src=twsrc%5Etfw">March 27, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Unlike <a href="https://www.benzinga.com/news/24/11/41676465/tesla-can-make-cybercab-for-the-same-money-it-takes-waymo-to-install-lidar-sensors-on-its-robotaxi-s">competitors such as</a> Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Waymo and General Motors Co.'s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) Cruise, Tesla has famously avoided using LiDAR, opting instead for a vision-based system.
However, in a twist, a 2024 earnings report from LiDAR manufacturer Luminar revealed that Tesla had quietly become its biggest customer. The EV giant accounted for over 10% of Luminar's first-quarter revenue, totaling more than $2 million.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It's Important: Musk's latest statement on LiDAR came just weeks after a YouTube video by Mark Rober, known for his science and engineering experiments, surfaced.
The video tested Tesla's camera-only Autopilot/FSD system against a LiDAR-based setup powered by Luminar's technology.
The results indicated that the LiDAR system outperformed the camera-based approach, mainly due to its superior performance in fog and rain, where visibility is reduced.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Can You Fool A Self Driving Car?" width="500" height="281" src="https://www.youtube.com/embed/IQJL3htsDyQ?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
In response to Rober&#8217;s Tesla fake wall test, creator Kyle Paul shared his video aiming to explore whether the company's Full Self-Driving (FSD) system can detect a Wile E. Coyote-style road obstruction in real-world conditions.
In Paul's experiment, the Model Y running FSD version 12.5.4.2 performed no better than in Rober's test—requiring manual intervention to avoid crashing into the fake wall, which appeared less convincing to the human eye. However, Tesla saw a glimmer of success with the Cybertruck, running FSD version 13.2.8, which successfully detected the obstruction and slowed down, ultimately coming to complete stop.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Re: Can You Fool A Self Driving Car?" width="500" height="281" src="https://www.youtube.com/embed/9KyIWpAevNs?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Meanwhile, China has also made significant progress in lidar innovation. According to Tokyo-based Patent Result, Chinese companies have filed over 25,000 lidar-related patent applications since 2000—far more than the 18,000 from American firms or the 13,000 from Japanese companies, <a href="https://asia.nikkei.com/Business/Automobiles/China-extends-lead-in-lidar-tech-crucial-to-self-driving-cars">reported</a> Nikkei Asia in 2024.
Chinese firms like Hesai Technology and RoboSense now dominate the global lidar market. Hesai, which supplies companies like GM Cruise and Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), held a 47% market share in 2022.
Last month, it was reported that Hesai Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSAI#NASDAQ">HSAI</a>) enhanced <a href="https://in.benzinga.com/news/25/02/43629182/hesais-lidar-takes-bigger-role-byds-gods-eye-advanced-driver-assistance">collaboration with Chinese EV</a> giant 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>).
Under the agreement, Hesai will supply LiDAR sensors for over 10 of BYD's upcoming models, which are set for mass production in 2025.
Previously, it was reported that <a href="https://www.benzinga.com/25/01/43327837/tesla-ceo-elon-musk-dismises-lidar-again-says-if-humans-drive-without-shooting-lasers-from-their-eyes-so-can-autonomous-cars">Tesla&#8217;s sales in China dropped</a> to 30,688 units in February 2025, marking the lowest monthly figure since July 2022.
Price Action: Tesla shares rose 0.39% on Thursday, closing at $273.13, before dipping 0.12% to $272.80 in after-hours trading. Year-to-date, the stock has fallen 27.99%, according to <a href="http://pro.benzinga.com/">Benzinga Pro data</a>.
Benzinga's Edge Rankings give Tesla (TSLA) a 68.11% growth rating. Want to see how it compares to other companies?<a href="https://www.benzinga.com/quote/TSLA"> Click here for the full breakdown</a>.
Image via Shutterstock
Check out more of Benzinga&#8217;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 Next:
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<li><a href="https://www.benzinga.com/markets/25/01/43373775/tim-cook-praises-chinas-deepseek-for-driving-efficiency-stresses-apples-prudent-and-deliberate-approach-toward-capital-expenditure" target="_blank" rel="noreferrer noopener">Tim Cook Praises China's DeepSeek For Driving Efficiency, Stresses Apple's ‘Prudent And Deliberate' Approach Toward Capital Expenditure</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

BIDU

GOOG

GOOGL

HSAI

Elon Musk Says Tesla Doesn't Need Lidar Because 'People Don't Shoot Lasers Out Of Their Eyes' After YouTubers Put His Cars Through Wylie E. Coyote Tests

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stock is roaring back after a steep decline, surging over 10% on Monday morning as buyers stepped in following <a href="https://www.benzinga.com/quote/TSLA/news">a recent pullback</a>. 
The stock had been under heavy selling pressure, but renewed enthusiasm around its <a href="https://www.benzinga.com/25/02/43932533/tesla-starts-rolling-out-fsd-features-in-china">Full Self-Driving (FSD) rollout in China</a>, easing tariff concerns, and technical support levels appear to be fueling the rebound.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="618" height="487" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/24103818/Screenshot-2025-03-24-at-8.05.39-PM.png" alt="" class="wp-image-838686" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/24103818/Screenshot-2025-03-24-at-8.05.39-PM.png 618w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/24103818/Screenshot-2025-03-24-at-8.05.39-PM-300x236.png 300w" sizes="(max-width: 618px) 100vw, 618px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
<h2 class="wp-block-heading">TSLA Stock: Buyers Step In, But Challenges Remain</h2>
Despite Monday's 10% pop, Tesla's stock is down 28% year to date and 17% over the past month. The bearish setup is undeniable:
<ul>
<li>Tesla stock trades below its five-day, 20-day and 50-day exponential moving averages.</li>
<li>The eight-day simple moving average (SMA) of $243.48 and 20-day SMA of $258.95, signal some bullish momentum, with the current price at $273.00.</li>
<li>However, Tesla's 50-day SMA ($332.89) and 200-day SMA ($284.66) all point to a bearish trend.</li>
<li>The Moving Average Convergence Divergence (MACD) indicator at a negative 24.83 reinforces the bearish sentiment.</li>
<li>The Relative Strength Index (RSI) has risen back at 48.01, suggesting Tesla stock seems to have dodged the oversold territory, for now at least.</li>
</ul>
Read Also: <a href="https://www.benzinga.com//node/44459470">US Business Activity Rebounds As Services Growth Outpaces Forecasts, Yet Cost Pressures Intensify</a>
<h2 class="wp-block-heading">FSD In China &amp; Tariff Relief: Key Catalysts</h2>
Tesla's FSD rollout in China could provide a much-needed catalyst for further upside. While sales were expected, the big question is whether Chinese consumers will pay a premium for it, given that local rival BYD Co Ltd (OTCPK:BYDDF) offers driver-assist tech for free. If FSD adoption gains momentum, it could significantly boost Tesla's competitive position in the region.
Additionally, investors are cheering reports that former President Donald Trump is backing off some broad tariff threats made just weeks ago. The potential easing of trade tensions is seen as a positive for Tesla, which has significant exposure to China's electric vehicle market.
<h2 class="wp-block-heading">What's Next For TSLA?</h2>
Tesla's ability to sustain its rally will likely depend on whether buying pressure continues, and if fundamental catalysts such as the FSD launch and tariff relief can outweigh bearish technical signals. The upcoming first-quarter delivery report on April 2 will be another key moment for investors to watch.
With strong early trading momentum and buyers stepping in, Tesla's recovery is gaining traction. The next test? 
Whether this surge can break through key resistance levels and turn the tide for good.
Read Next: 
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Technicals

Trading Ideas

Tesla Jumps 10% On China FSD Optimism, Tariff Easing Hopes

Beijing has reportedly put on hold the approval for 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>) to set up a manufacturing plant in Mexico amid fear of key technology leakage to the U.S.
What Happened: For Chinese automakers to manufacture overseas, they need approval from China&#8217;s commerce ministry. The ministry has not yet given the go-ahead due to concerns that Mexico could gain unrestricted access to BYD&#8217;s advanced technology and know-how, possibly granting the U.S. access to it, according to <a href="https://www.ft.com/content/36ae6f78-aadb-47bb-a5cd-ec69b420cbe1">a</a> report from the&nbsp;Financial Times&nbsp;on Thursday.
BYD, China&#8217;s largest electric-vehicle maker had previously announced plans in 2023 to establish&nbsp;an automobile plant in Mexico. The company also expressed intentions to manufacture cars in Brazil, Hungary, and Indonesia. The proposed Mexican plant is expected to generate 10,000 jobs and manufacture 150,000 vehicles per year.
&#8220;The commerce ministry&#8217;s biggest concern is Mexico&#8217;s proximity to the U.S.,&#8221; a source familiar with the matter told FT. Beijing is also focusing on projects in countries participating in China&#8217;s Belt and Road Initiative infrastructure development program.
BYD&#8217;s Executive Vice-President, Stella Li, stated that the company has &#8220;not&nbsp;decided [on] the Mexico facility&nbsp;yet&#8221;. In February 2024, Zou Zhou, manager of BYD Mexico, reiterated that the company was exploring the possibility of establishing an electric vehicle (EV) plant in Mexico.
SEE ALSO: <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44395095/recession-would-be-a-big-catalyst-for-bitcoin-blackrocks-head-of-digital-assets-says">Recession Would Be &#8216;A Big Catalyst For Bitcoin,&#8217; BlackRock&#8217;s Head Of Digital Assets Says</a>
Why It Matters: The shifting geopolitical dynamics and Mexico&#8217;s efforts to maintain relations with the US have also contributed to the delay. The U.S. suspects that Mexico serves as a &#8220;backdoor&#8221; for Chinese goods to enter the country duty-free under the North American Free Trade Agreement.
In retaliation, Mexico has imposed tariffs on Chinese textiles and initiated anti-dumping investigations into steel and aluminum products from China.
This delay in approval comes at a time when BYD is making significant strides in the EV market. On Monday, BYD unveiled a <a href="https://www.benzinga.com/markets/equities/25/03/44369228/byd-unveils-5-minute-ev-charging-breakthrough-strengthening-edge-over-tesla-stock-spikes-4">groundbreaking charging system</a> that can fully charge an EV in just five minutes, potentially eliminating one of the biggest barriers to EV adoption worldwide. 
This technological breakthrough has strengthened BYD&#8217;s competitive edge over other EV makers, including Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). The delay in setting up the Mexican plant could potentially impact BYD&#8217;s global expansion plans and its position in the EV market.
The US-ADR of BYD climbed 12.2% over the past month, as per <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. The ADR climbed 2.47% on Tuesday to close at $52.67.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Beijing Pauses Approval For BYD's Mexico Plant Over Tech Leak Worries: 'Biggest Concern Is Mexico's Proximity To The US'

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stock climbed 3.70% during the pre-market trading session on Wednesday as it attempted to rebound from the gloom surrounding the past trading sessions.
What Happened: In Tuesday&#8217;s interview on Fox News&#8217;s Sean Hannity, CEO Elon Musk responded to the protests, expressing surprise at the &#8220;level of hatred and violence from the [political] left.&#8221;
He defended Tesla as a &#8220;peaceful company&#8221; that has &#8220;never done anything awful.&#8221; Musk also touched upon the Department of Government Efficiency (DOGE), which he oversees.
He underscored the high national debt, pointing out that interest payments surpass the entire military budget.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="Elon Musk laments &#039;deranged&#039; Democrats&#039; attacks on Tesla plants" width="500" height="281" src="https://www.youtube.com/embed/03-FBV1T1Lc?start=893&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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In another positive development, Tesla secured its <a href="https://www.benzinga.com/25/03/44392619/elon-musks-tesla-secures-first-approval-towards-rolling-out-robotaxi-in-california">first permit in California</a>, a significant step towards launching a robotaxi service, enabling the company to operate a fleet of vehicles for scheduled trips.
However, the permit does not allow Tesla to offer autonomous rides or run a public ride-hailing service. Musk has turned his attention to robotaxis as sales slow, pledging to launch driverless services in California and Texas this year.
SEE ALSO: <a href="https://www.benzinga.com/25/03/44393177/fubotv-partners-with-rangers-sports-network-for-full-season-of-texas-rangers-baseball">FuboTV Partners With Rangers Sports Network For Full Season Of Texas Rangers Baseball</a>
Why It Matters: Tesla investors are going through a period of uncertainty amid declining share prices and ongoing protests against the company.
Rising competition from Chinese EV manufacturer BYD (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) has also added to the concerns. All these factors have triggered a substantial sell-off of shares. As of Wednesday, Tesla&#8217;s stock had dipped about 47% since the Jan. 20 inauguration of President Donald Trump.
According to RBC Capital analyst Tom Narayan, &#8220;Much of the attention around Tesla has centered on <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/03/44380301/tesla-analyst-says-demand-fears-overblown-but-has-some-concerns-as-used-car-prices-plummet">its recent delivery </a>performance in Jan and Feb in Europe and China.&#8221;
He believes that concerns about demand are likely exaggerated, as Europe and China account for only a small share of Tesla&#8217;s total vehicle sales. However, the analyst is concerned as Tesla used car prices are declining at three times the pace of the overall used car market.
On Tuesday, Tesla stock declined 5.35% to close at $225.31. Over the past 12 months, the stock gained over 31%, as per <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
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<li><a href="https://www.benzinga.com/markets/equities/25/03/44371661/ai-bubble-bursting-magnificent-7s-profit-margins-face-pressure-as-capital-spending-can-tumble-in-2025">AI Bubble Bursting? Magnificent 7&#8217;s Profit Margins Face Pressure As &#8216;Capital Spending Can Tumble&#8217; In 2025</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tesla Stock Surges Nearly 4% In Pre-Market: What's Going On?

Warren Buffett-backed Chinese EV giant 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 reportedly contemplating establishing a third assembly plant in Germany.
What Happened: According to a report by Reuters, BYD is looking to expand its manufacturing footprint in Europe and is considering Germany for its third plant. This move comes after Germany, Europe&#8217;s largest economy, opposed EU tariffs on Chinese-made electric vehicles last year.
The company is planning the third plant to expand its manufacturing footprint in Europe to boost sales of its affordable vehicles and compete with European rivals. With this, the company aims to circumvent import tariffs imposed by the EU on China-made EVs in the previous year.
Stella Li, BYD&#8217;s executive vice president, previously mentioned the possibility of a third European facility in an interview with Automobilwoche. While Hungary and Turkey are already in the works, Germany is a leading candidate for the new plant.
Also Read:<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/03/44299887/tsla-stock-may-see-a-significant-upswing-says-jim-cramer-should-be-ready-to-rally-maybe-furiously"> TSLA Stock May See A Significant Upswing, Says Jim Cramer: &#8216;Should Be Ready To Rally, Maybe Furiously&#8217;</a>
However, the decision is under scrutiny due to Germany&#8217;s high labor and energy costs, as well as low productivity and flexibility. The report, citing a source who wished to remain anonymous, noted that BYD is also considering Western Europe to enhance brand recognition and acceptance as a local manufacturer.
Why It Matters: The potential establishment of a new plant in Germany is part of <a href="https://www.benzinga.com/markets/penny-stocks/24/07/39690741/byd-has-its-eyes-set-on-conquering-europe">BYD&#8217;s aggressive expansion strategy</a> in Europe. The company has already made significant strides by entering the Greek market with its popular Atto 3 and Seal EV models.
BYD is adhering to Beijing&#8217;s directive to avoid investing in countries that supported the EU tariffs, excluding some EU nations like Italy and France from consideration. The final decision will depend on BYD&#8217;s sales performance in Europe and the capacity utilization of its Hungarian and Turkish plants.
In July 2024, BYD announced a $1 billion factory in Turkey. This facility is expected to produce 150,000 EVs annually, further solidifying BYD&#8217;s foothold in the region.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by <a href="https://www.benzinga.com/topic/mobility">following this link</a>.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Warren Buffett-Backed BYD Eyes Germany For Third European Plant Amid Tariff Concerns: Report

BYD Company Limited (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>), the world&#8217;s leading electric vehicle manufacturer for three consecutive years, and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rival announced a significant capital raise through a placement of new H shares to fund its ambitious global expansion plans and research initiatives.
What Happened: The Chinese EV giant entered into a placement agreement on Mar. 3 to issue 129.8 million new H shares at HK$335.2 ($43.58) per share, according to a company announcement. The placement, representing approximately 4.46% of BYD&#8217;s total issued shares, is expected to generate net proceeds of approximately HK$43.38 billion ($5.64 billion).
The placement price represents a 7.8% discount to Monday&#8217;s closing price of HK$363.6 on the Hong Kong Stock Exchange.
Goldman Sachs, UBS, and CITIC Securities will serve as placing agents and capital markets intermediaries, while CMB International Capital will act as lead managers for the transaction.
&#8220;The company will continue to invest in research and development in the field of intelligentization to seize the critical opportunities in the next stage of new energy automobile industry,&#8221; BYD stated in the announcement. The company plans to use the proceeds to fund R&amp;D, expand overseas operations, supplement working capital, and for general corporate purposes.
See Also: <a href="https://www.benzinga.com/general/social-media/25/03/44098232/markets-tank-after-trump-confirms-more-tariffs-heres-what-wall-street-is-saying">Markets Tank After Trump Confirms More Tariffs: Here&#8217;s What Wall Street Is Saying</a>
Why It Matters: BYD has accelerated its international expansion while maintaining dominance in China. The company has ranked first globally in new energy vehicle sales for three consecutive years and has established multiple brands including BYD, Fangchengbao, Denza, and Yangwang to target different market segments from <a href="https://in.benzinga.com/25/03/44072164/tesla-rival-byd-more-than-doubles-passenger-vehicle-sales-in-february-thriples-production">mass-market to luxury vehicles</a>.
The placement is subject to regulatory approvals, including listing permission from the Hong Kong Stock Exchange. BYD&#8217;s chairman Wang Chuan-fu, who owns a substantial stake in the company, has agreed to a 90-day lock-up period following the share issuance.
BYD has emphasized its commitment to advancing vehicle intelligence, introducing strategies like &#8220;Full Vehicle Intelligence&#8221; and &#8220;Intelligent Driving for All&#8221; while equipping all its models with advanced autonomous driving systems.
Price Action: BYD shares traded on the Hong Kong Stock Exchange declined, 7.21% to HK$337.40 ($43.39) as of 10:32 am local time. 
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tesla Rival BYD Raises $5.64 Billion Through Share Placement, Wants To Use Funds For Global Domination

U.S. President Donald Trump has announced his intention to impose a 25% tariff on auto imports, alongside chips and&nbsp;pharmaceuticals, causing a stir in international trade.
What Happened: Trump disclosed on Tuesday his plan to implement auto tariffs &#8220;in the neighborhood of 25%&#8221;. These tariffs are anticipated to take effect as early as April 2, following a report from his cabinet members outlining options for import duties, according to a&nbsp;Reuters report&nbsp;today. 
The President also announced that sectoral tariffs on pharmaceuticals and semiconductor chips would start at &#8220;25% or higher&#8221; and rise substantially during the course of a year. He did not specify a date for announcing those duties, stating that he wanted to allow drug and chip manufacturers time to establish U.S. factories and avoid tariffs.
Trump also declared that he anticipated some of the world&#8217;s largest companies would announce new investments in the U.S. within the next few weeks.
Following this announcement, Asian stocks retreated after a five-day rally due to increasing trade tensions and geopolitical uncertainty. The MSCI Asia Pacific Index dipped slightly, driven by declines in stocks from Hong Kong and Japan, particularly Japanese automakers like Toyota Motor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) and Honda Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>). However, semiconductor stocks rose in China.
Meanwhile, Tesla Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Chinese rivals NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), and BYD (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) ended mixed on Wednesday. 
SEE ALSO:<a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43805107/vivek-ramaswamy-foresees-bitcoin-as-a-more-common-corporate-treasury-holding-as-era-of-easy-money-ends"> Vivek Ramaswamy Foresees Bitcoin As A &#8216;More Common&#8217; Corporate Treasury Holding As Era Of Easy Money Ends</a>
Why It Matters: Trump has consistently expressed his dissatisfaction with what he perceives as the unfair treatment of U.S. automotive exports in international markets. A 25% auto import tariff would heavily impact the global auto industry, which is already facing uncertainty due to Trump&#8217;s tariff policies. Notably, Trump, during his first term, threatened to impose a similar 25% car tariff but ultimately refrained from doing so.
Last week, Trump was considering imposing a tariff of up to <a href="https://www.benzinga.com/25/02/43660030/trump-tariff-threats-put-pressure-on-taiwan-semiconductor-could-push-advanced-packaging-capacity-to-us">100% on Taiwanese semiconductors </a>to make the U.S. self-reliant. On this, Stephen Ezell,&nbsp; vice president for global innovation policy at the&nbsp;Information Technology and Innovation Foundation (ITIF) told CNA, &#8220;It would have a very significant and very deleterious impact on the business models of companies like Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Nvidia Corp.(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) that rely on TSMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) (for their chip manufacture.&#8221;
Previously, Kevin O&#8217;Leary, a Shark Tank investor, voiced his frustration over Canada&#8217;s trade situation with the U.S. suggesting that <a href="https://www.benzinga.com/startups/25/02/43729940/trumps-tariffs-could-raise-taxes-by-1-trillion-kevin-oleary-calls-it-the-beginning-of-a-negotiation">Trump&#8217;s tariffs could raise taxes by $1 trillion</a>. These developments underscore the potential economic implications of Trump&#8217;s tariff policies.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

AAPL

MSFT

NVDA

Trump Announces 25% Tariff On Auto Imports, Chips And Pharmaceuticals, Shaking Global Trade: Nvidia, Apple, TSMC And Others In Focus

Chinese technology stocks extended gains Tuesday, as investors continued to react to President Xi Jinping&#8216;s supportive stance toward the private sector demonstrated at Monday&#8217;s <a href="https://www.benzinga.com/markets/asia/25/02/43761193/xi-jinping-and-jack-mas-upcoming-meeting-a-clear-message-of-beijings-support-stock-soars-in-hong-kong-ahead-of-earnings">high-level business symposium</a>.
What Happened: By 11:59 a.m. Hong Kong time, the Hang Seng Index had surged 2.5% to 23,080, and mainland China&#8217;s CSI 300 Index had advanced 0.40% to 3,963. Alibaba Group Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BABAF#OTC">BABAF</a>) surged 4.34% to HKD 127.50 ($16.39), while Xiaomi Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACY#OTC">XIACY</a>) climbed 5.87% to HKD 47.80 ($6.14).
Tencent Holdings Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) rose 3.42% to HKD 510.50 ($65.62), as JD.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) added 0.95% to HKD 158.60 ($158.60) and Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) gained 1.06% to HKD 90.80 ($11.67).
See Also: <a href="https://www.benzinga.com/trading-ideas/movers/25/02/43771666/bitcoin-dogecoin-weak-ethereum-rebounds-amid-muted-investor-sentiment-eth-moving-to-cold-wallets-at-shocking-pace-a-positive-for-price-action-in-the-long-term">Bitcoin, Dogecoin Weak, Ethereum Rebounds Amid Muted Investor Sentiment: ETH Moving To Cold Wallets At &#8216;Shocking Pace&#8217; A Positive For Price Action In The Long-Term</a>
Why It Matters: The market enthusiasm follows Xi&#8217;s Monday meeting with prominent business leaders, including Alibaba founder Jack Ma&#8216;s first major public appearance with top leadership since Beijing&#8217;s 2020 tech crackdown. 
The gathering, which included executives from Xiaomi, Huawei, and BYD Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>), comes amid escalating U.S.-China tensions, with recent retaliatory tariffs and export controls on critical minerals <a href="https://www.benzinga.com/markets/asia/25/02/43761193/xi-jinping-and-jack-mas-upcoming-meeting-a-clear-message-of-beijings-support-stock-soars-in-hong-kong-ahead-of-earnings">affecting both nations</a>.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

BABA

ALIBABA GROUP HOLDING LTD by Alibaba Group Holding Limited

BABAF

TCEHY

XIACY

Xi Jinping's Supportive Appearance Sparks Chinese Tech Rally For Second Day: Alibaba, Xiaomi Surge Over 4% On Hong Kong Exchange

Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares are trading lower Tuesday after competitor BYD Co (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) announced plans to include <a href="https://www.benzinga.com/25/02/43620349/tesla-still-on-track-to-launch-autonomous-ride-hailing-in-austin-by-june-says-elon-musk">self-driving technology in its vehicles</a>.
What To Know: At a China-based launch event late Monday, BYD founder and chairman Wang Chuanfu announced that advanced smart driving will become a standard feature on BYD cars, according to <a href="https://www.cnbc.com/2025/02/11/byd-rolls-out-driver-assist-tech-for-evs-with-deepseeks-ai-help.html">CNBC</a>.
BYD previously took a more cautious approach to autonomous vehicles, but now appears to be leaning into the technology. Tesla shares traded lower on the news as the Elon Musk-led company is seen as one of the leaders in autonomous driving technology. It&#8217;s worth noting that BYD <a href="https://www.benzinga.com/25/01/42780142/chinese-player-byd-overtakes-tesla-yet-again-as-worlds-biggest-ev-seller-in-q4">overtook Tesla</a> as the world's largest battery electric vehicle seller in the fourth quarter. 
At the event on Monday, BYD said it will release the &#8220;DiPilot&#8221; assisted driving system across its entire vehicle lineup. The company&#8217;s low-cost vehicle priced at 69,800 yuan ($9,555) will include the assisted driving system making the company the first automaker in China to offer self-driving technology for a vehicle priced below 70,000 yuan. 
BYD also announced that it will integrate AI capabilities from Chinese startup DeepSeek, who reportedly developed an open-source LLM in a couple of months at a much lower cost than competitors. The China-based automaker expects the self-driving technology to improve safety and the AI implementation to help improve the technology over time. 
Check This Out: <a href="https://www.benzinga.com/markets/equities/25/02/43615191/byds-gods-eye-and-huaweis-autonomous-driving-progress-spark-concerns-for-tesla-ross-gerber-points-out-all-use-lidar#google_vignette">BYD&#8217;s &#8216;God&#8217;s Eye&#8217; And Huawei&#8217;s Autonomous Driving Progress Spark Concerns For Tesla: Ross Gerber Points Out, &#8216;All Use LIDAR&#8217;</a>
The report indicates that BYD launched more than 20 models with its new driver-assistance technology on Monday. 
Meanwhile, Tesla on Monday announced that it&#8217;s <a href="https://www.benzinga.com/25/02/43620349/tesla-still-on-track-to-launch-autonomous-ride-hailing-in-austin-by-june-says-elon-musk">&#8220;still on track&#8221;</a> to launch autonomous ride-hailing services in Austin in June. Musk said in a post on <a href="https://x.com/elonmusk/status/1889006561541882170?ref_src=twsrc%5Etfw">X</a> that the EV maker remains on track to roll out the offering to &#8220;many cities&#8221; across the U.S. later this year. 
&#8220;The threshold is achieving safety far in excess of the average human driver &#8230; Ultimately autonomous,&#8221; Musk said. 
Tesla&#8217;s Full-Self Driving has not yet been approved in China. Musk previously said it could be available as soon as the end of 2024. On an <a href="https://www.benzinga.com/news/earnings/25/01/43321103/tesla-q4-earnings-highlights-revenue-miss-eps-miss-ev-updates-automaker-says-2025-will-be-a-seminal-year">earnings call</a> last month, the Tesla chief said the delays were due to local restrictions that make it difficult to quickly develop a compliant version of the system.
&#8220;2025 will be a seminal year in Tesla&#8217;s history as FSD (Supervised) continues to rapidly improve with the aim of ultimately exceeding human levels of safety,&#8221; the company said in the release.
TSLA Price Action: <a href="http://benzinga.com/quote/tsla">Tesla shares</a> were down 5.60% at $331.17 at the time of publication Tuesday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: courtesy of Tesla.

Tesla Stock Is Tumbling Tuesday: What's Driving The Action?

Shares of automotive lidar technology provider Hesai Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSAI#NASDAQ">HSAI</a>) are<a href="https://www.benzinga.com/movers"> trading higher on Tuesday</a>.
The company has entered into an enhanced collaboration with Chinese EV maker 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>), with plans to supply lidar for <a href="https://www.benzinga.com/pressreleases/25/02/n43617334/hesai-and-byd-supercharge-partnership-10-lidar-equipped-models-to-enter-mass-production-in-2025">more than 10 of BYD's models</a>.
These vehicles are slated for mass production in 2025, highlighting the growing role of lidar technology in the evolution of advanced driver assistance systems (ADAS) within the automotive sector.
In 2024, BYD surpassed its domestic rivals by <a href="https://www.benzinga.com/25/02/43427393/tesla-rival-byd-marks-475-growth-in-january-passenger-vehicle-sales-driven-by-popularity-of-plug-in-hybrid-evs">selling more than 4 million</a> vehicles featuring intelligent driving technology.
The company also announced that every model would be equipped with <a href="https://www.benzinga.com/tech/25/02/43617347/xpeng-geely-shares-fall-after-byd-launches-advanced-driver-assistance-features-on-car-priced-below-10000">&#8220;God&#8217;s Eye,&#8221; its next-generation ADAS</a>, providing advanced safety and driver-assistance features to more customers. 
Related Read: <a href="https://www.benzinga.com/news/25/02/43593007/rivian-commercial-van-now-available-for-fleets-nationwide-in-us">Rivian Commercial Van Now Available For Fleets Nationwide In US</a>
Lidar technology will be vital for these systems, especially for vehicles using navigation on autopilot (NOA) for both urban and highway driving.
In 2024, lidar installations in vehicles exceeded 1.5 million units in China, more than doubling the figure from 2023. Also, Hesai became the first lidar maker to ship over 100,000 units in a single month in December 2024.
Hesai anticipates surpassing 2 million units in annual production capacity by 2025. The company has secured more than 100 design wins with 22 automotive OEMs, including well-known brands like Chery, Great Wall Motors, and Changan.
Hesai&#8217;s newest product, the ATX lidar, is scheduled for mass production in the first quarter of 2025. This lidar system is aimed at improving assisted driving capabilities across a broad range of vehicles.
Price Action: Hesai shares are trading higher by 8.78% at $18.59 at the last check Tuesday.
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Image: Shutterstock

Hesai's Lidar Takes On Bigger Role In BYD's 'God's Eye' Advanced Driver Assistance

Chinese state-owned car manufacturers Dongfeng Motor Group and Chongqing Changan Automobile are contemplating a merger that could surpass EV giant BYD Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDYY#OTC">BYDYY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) in terms of market dominance.
What Happened: On Monday, both Dongfeng and Changan revealed in exchange filings that their controlling shareholders are considering asset deals that could change their ownership structures <a href="https://www.scmp.com/business/china-business/article/3298066/state-owned-chinese-carmakers-dongfeng-changan-likely-combine-eclipsing-byd">reported</a> the South China Morning Post. The specifics of these potential deals were not disclosed.
Loyal Wealth Management&#8217;s Fund Manager in&nbsp;Shanghai, Ivan Li, suggested that &#8220;the announcements hint at a possible&nbsp;merger of the state-backed parents,&nbsp;although they did not explicitly confirm it.&#8221; He also noted that the Chinese government has a vested interest in promoting consolidation in the automotive sector due to the high level of competition.
In 2024, Dongfeng sold 2.48 million vehicles, while Changan sold 2.68 million, delivering a total of 5.16 million vehicles in sales, compared to BYD&#8217;s sales of 4.27 million electric vehicles. 
SEE ALSO: <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/02/43558633/tesla-stock-stumbles-but-musks-10-trillion-ai-bet-is-in-motion">Tesla Stock Stumbles, But Musk&#8217;s $10 Trillion AI Bet Is In Motion</a>
Why It Matters: This potential merger comes at a time when Chinese automakers are aggressively expanding their operations. Last week,&nbsp;<a href="https://www.benzinga.com/markets/25/02/43527039/teslas-chinese-rival-byd-to-hire-20000-more-workers-in-zhengzhou-plans-major-expansion-to-meet-rising-ev-demand">BYD announced plans</a>&nbsp;to hire an additional 20,000 workers in Zhengzhou to boost production capacity. Similarly, Changan unveiled its "Dubhe Plan 2.0," promising to launch 35 intelligent vehicle models in the next three years.
As&nbsp;<a href="https://cnevpost.com/2025/02/10/dongfeng-changan-hint-at-merger/">reported</a>, the proposed merger between Dongfeng and Changan could result in one of the world&#8217;s largest auto groups. This consolidation could significantly alter the competitive landscape of China&#8217;s auto industry and have far-reaching implications for the global automotive market. A newly formed entity overseeing both Dongfeng Motor and Changan Automobile would become China's top carmaker by sales, surpassing BYD, the world's leading EV manufacturer.
Meanwhile, BYD outshined Tesla in terms of EV registrations in January in the UK.  Society of Motor Manufacturers and Traders (SMMT) reported that while Elon Musk&#8216;s Tesla saw a 7.79% decline in registered EVs, BYD reported a 551% surge in its EV registrations for January.
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<li>READ MORE: <a href="https://in.benzinga.com/tech/25/02/43585701/tesla-ceo-elon-musk-vp-of-finance-address-allegations-of-tax-fraud-losses-were-high-for-many-years-so-carry-forward">Tesla CEO Elon Musk, VP Of Finance Address Allegations Of Tax Fraud: &#8216;Losses Were High For Many Years, So Carry Forward&#8217;</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

BYDYY

Tesla's Chinese Rival BYD May Lose Market Dominance As China's Dongfeng And Changan Mull Merger: Report

Chinese electric vehicle (EV) 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>), has announced plans to hire an additional 20,000 workers in Zhengzhou in the first quarter, as it seeks to increase production capacity.
What Happened: BYD is gearing up for a significant workforce expansion in Zhengzhou, focusing on areas such as research and development (R&amp;D) and manufacturing, reported Reuters on Thursday. The government-run Henan Daily originally published the report, stating that the hiring surge is part of BYD&#8217;s strategy to boost production capacity at its Zhengzhou facility.
The Zhengzhou production base, situated&nbsp;in&nbsp;China&#8217;s central Henan province, currently employs approximately 60,000 workers. The facility witnessed a substantial increase in production last year, with 545,000 vehicles rolling off the assembly line, marking a 169.8% increase.
The new hires will strengthen BYD&#8217;s workforce as the company continues to expand its operations and production capabilities, aligning with the growing demand for electric vehicles.
SEE ALSO: <a href="https://www.benzinga.com/markets/25/01/43418977/byds-chinese-workers-at-brazilian-factory-signed-contracts-with-potential-labor-law-breaches-report">BYD&#8217;s Chinese Workers At Brazilian Factory Signed Contracts With Potential Labor Law Breaches: Report</a>
Why It Matters: This move by BYD comes on the heels of a series of significant developments for the company. In January, BYD reported a&nbsp;<a href="https://www.benzinga.com/25/02/43427393/tesla-rival-byd-marks-475-growth-in-january-passenger-vehicle-sales-driven-by-popularity-of-plug-in-hybrid-evs">47.5% growth</a>&nbsp;in new energy passenger vehicle sales, driven by the popularity of its plug-in hybrid EVs. Additionally, the company&nbsp;<a href="https://www.benzinga.com/tech/25/02/43520687/byd-overtakes-tesla-in-uk-after-elon-musk-led-ev-makers-new-vehicle-registrations-drop-in-january">overtook Tesla</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) in new vehicle registrations in the UK in January, further solidifying its position in the global EV market.
Moreover, BYD is also expanding its overseas manufacturing footprint, with plans to open a new EV plant in Indonesia with a capacity to produce 150,000 vehicles annually by the end of 2025, as reported by&nbsp;Electrek. This expansion aligns with BYD&#8217;s strategy to meet the growing global demand for EVs and maintain its competitive edge in the market. Eagles Zhao, BYD's president director in Indonesia said,&nbsp;"Every single progression of our local manufacturing is quite smooth and also on the track. We will keep our commitment, which is by end-2025.&#8221;
Citi Research has named BYD as the top EV stock pick for 2025. It expects that the Chinese EV maker&#8217;s new product launches between mid- and late February 2025, the broadening of its pricing strategy, and the rollout of its ADAS technology, the debut of its advanced BEV platform will lead to a surge in order intake. Citi Research also indicated that BYD is strategically positioned to handle potential challenges in the EV market, including the possibility of a price war amid modified government subsidies.
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<li>READ MORE: <a href="https://www.benzinga.com/tech/25/02/43518998/tesla-on-hiring-spree-as-it-gears-to-start-production-of-optimus-robots-for-its-own-factories-my-team-is-turning-tesla-bot-into-a-reality">Tesla On Hiring Spree As It Gears To Start Production Of Optimus Robots For Its Own Factories: &#8216;My Team Is Turning Tesla Bot Into A Reality&#8217;</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tesla's Chinese Rival BYD To Hire 20,000 More Workers In Zhengzhou, Plans Major Expansion To Meet Rising EV Demand

Toyota Motor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) retained its position as the world&#8217;s best-selling automaker in 2024 after reporting 10.8 million sales, marking a dip of 4% from a year ago. 
What Happened: The dip in sales, the company said, was spurred by a near 20% fall in sales within its home ground of Japan. Domestic vehicle sales, it said, were affected by certification issues and suspension of production of the Prius. 
The sales numbers include those of the company&#8217;s Lexus brand as well as its subsidiaries Daihatsu and Hino. Daihatsu reported sales of 536,588 units worldwide in 2024 while Hino reported sales of 125,556 units. 
German automaker Volkswagen Group, in comparison, sold only about 9 million vehicles last year.
Toyota Trails Behind Tesla In EV Sales: Despite retaining its position as the top-selling automaker globally for five straight years, Toyota&#8217;s electrified vehicle sales amounted to just 4.5 million vehicles in 2024. Electrified vehicles refer collectively to <a href="https://www.benzinga.com/tech/25/01/42809131/toyota-overtakes-ford-gm-in-ev-sales-in-us-thanks-to-its-hybrid-vehicle-lineup">hybrid, plug-hybrid</a>, battery-powered, mild hybrid, and fuel-cell electric vehicles. 
The company sold only 139,892 battery electric vehicles or pure electric vehicles throughout the year, lower than American EV giant Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) or Chinese EV maker BYD Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>).
Tesla delivered nearly<a href="https://www.benzinga.com/25/01/42780142/chinese-player-byd-overtakes-tesla-yet-again-as-worlds-biggest-ev-seller-in-q4"> 1.79 million BEVs in 2024</a> while BYD delivered 1.76 million pure electric vehicles. 
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
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</ul>
Photo by josefkubes on Shutterstock

Toyota Retains Top-Selling Automaker Position While Continuing to Trail Tesla, BYD In EV Sales

Three <a href="https://www.benzinga.com/topic/chinese-ev-stocks" target="_blank" rel="noreferrer noopener">Chinese electric vehicle makers</a> contested the <a href="https://www.benzinga.com/markets/equities/24/10/41182675/tesla-byd-and-other-ev-stocks-to-watch-as-eu-votes-to-approve-tariffs-on-chinese-ev-imports" target="_blank" rel="noreferrer noopener">EU&#8217;s import duties</a> at the union&#8217;s Court of Justice. 
According to Reuters, BYD Co (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>), Geely Automobile Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GELYF#OTC">GELYF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GELYY#OTC">GELYY</a>), and SAIC Motor (Shanghai Automotive Industry Corporation) oppose EU-<a href="https://www.benzinga.com/news/24/10/41311787/tesla-rival-byd-slams-eu-tariffs-on-chinese-evs-needs-more-positive-education-trust-is-low" target="_blank" rel="noreferrer noopener">imposed taxes</a>. BYD has a 17% tariff, Greely 18.8%, and SAIC, 35.3% (in addition to its car import duty of 10%).
After an anti-subsidy investigation, the EU imposed a tax&nbsp;on China-made EVs in October.
Also Read: <a href="https://www.benzinga.com/government/regulations/25/01/43155691/amazon-to-shut-7-quebec-fulfillment-centers-axe-around-2000-jobs" target="_blank" rel="noreferrer noopener">Amazon To Shut 7 Quebec Fulfillment Centers, Axe Around 2,000 Jobs</a>
China-based EV makers flagged the exclusion of leading EV exporter Tesla Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) from the additional tariffs.
Tesla bagged the lowest extra tariff of 7.8%.
<a target="_blank" href="https://www.benzinga.com/tech/25/01/43187706/teslas-chinese-rivals-xpeng-li-auto-nio-rise-in-premarket-trading-after-trumps-friendly-conversation-with-xi-jinping-we-have-one-very-big-power-over-chinaid-rather-not" rel="noreferrer noopener">U.S.-listed Chinese EV stocks</a>&nbsp;Li Auto Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>),&nbsp;Nio Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), and&nbsp;Xpeng Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) surged Friday after President&nbsp;Donald Trump&nbsp;hinted in an interview that he would instead not use tariffs against China.
<a href="https://www.benzinga.com/markets/25/01/43091254/teslas-chinese-rivals-li-xpeng-nio-surge-while-rivian-declines-in-pre-market-as-trump-revokes-bidens-ev-target" target="_blank" rel="noreferrer noopener">Also this week</a>, Trump repealed former President Joe Biden&#8216;s order ensuring that 50% of new vehicles sold in the U.S. by 2030 are electric. Trump also weighed ending the $7,500 federal tax credit available on EV purchases.
<a href="https://www.benzinga.com/markets/emerging-markets/24/12/42700628/chinas-ev-price-wars-hit-auto-profits-smaller-players-struggle-as-margins-shrink" target="_blank" rel="noreferrer noopener">China's car market</a>, particularly the EV sector, has faced fierce competition over the past two years, sparking a price war. Projections suggest China will lead global EV adoption by 2025, with EV sales expected to outpace traditional cars for the first time. The country will likely sell over 12 million EVs in 2025, doubling 2022 figures, while traditional car sales may fall below 11 million. Reports also reveal plans for China to issue 3 trillion yuan ($411 billion) in special treasury bonds in 2025 to boost consumption through subsidies, equipment upgrades, and investments in the EV sector.
Investors can gain exposure to stocks of companies that are domiciled in China through iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>) and KraneShares Trust KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>).
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Image: Shutterstock

Government

Regulations

Legal

GELYF

GELYY

KWEB

BYD, Geely, SAIC Contest EU's High EV Tariffs In Court

Vietnamese electric vehicle manufacturer VinFast Auto (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFS#NASDAQ">VFS</a>) is entering India&#8217;s growing EV market with two premium SUVs, following <a href="https://www.benzinga.com/24/11/42197080/vinfast-reports-q3-loss-in-line-with-estimates-expects-to-receive-35b-injection-by-2026-end">strong third-quarter 2024 delivery growth</a> and significant financial backing from its founder.
The Nasdaq-listed company unveiled its VF6 and VF7 models at the India Auto Show in New Delhi, planning to challenge established players like Mahindra &amp; Mahindra and BYD (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>). 
VinFast will invest $500 million over five years to build a car and battery factory in Tamil Nadu state, with an initial capacity of 50,000 units annually, expandable to 150,000, Reuters reported.
&#8220;We are turning our focus to India &#8211; our next growth frontier,&#8221; said Pham Sanh Chau, VinFast&#8217;s Asia CEO. 
The expansion comes as VinFast reported 21,912 vehicle deliveries in the third quarter of 2024, up 115% year-over-year, though with continuing losses. The company secured $3.5 billion in potential funding through 2026, including $2.1 billion in grants from CEO Pham Nhat Vuong.
Like Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), VinFast is seeking reduced import duties while its factory is under construction. Electric vehicles currently represent 2.5% of India&#8217;s 4 million annual car sales, with the government targeting 30% by 2030.
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Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tesla's Vietnamese Rival VinFast Enters 'Next Growth Frontier' India Amid Global Expansion Push, Plans $500 Million Investment

This week has been a rollercoaster ride in the world of electric vehicles and ride-hailing services. From&nbsp;Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) recalling hundreds of thousands of vehicles to&nbsp;Warren Buffett-backed&nbsp;BYD Co&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) launching an affordable EV in Australia, there&#8217;s a lot to catch up on. Let&#8217;s dive into the top stories of the week.
Tesla Recalls Over 239,000 Vehicles
Tesla is recalling 239,382 vehicles in the U.S. due to concerns about the loss of rearview camera image, according to the National Highway Traffic Safety Administration (NHTSA). The issue arises from a potential short in the computer circuit board. Tesla has released a software update to address the problem and will replace affected computers free of charge. The recall includes 2024-25 Model 3 and Model S vehicles and 2023-25 Model X and Model Y.
<a href="https://www.benzinga.com/tech/25/01/42909595/tesla-recalls-over-239000-vehicles-over-rearview-camera-image-display-issues">Read the full article here.</a>
Warren Buffett-Backed BYD Launches Affordable EV in Australia
Chinese EV company BYD, in which Warren Buffett&#8217;s Berkshire Hathaway Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) holds a stake, is launching Australia&#8217;s first EV with a starting price under $30,000. This move could significantly boost Australia&#8217;s EV market. Despite selling a portion of its stake, Berkshire still owns around 4.9% of BYD, representing approximately $1.8 billion in its portfolio.
<a href="https://www.benzinga.com/news/management/25/01/42901570/warren-buffett-backed-byd-launches-australias-first-ev-under-30k-how-the-move-could-strengthen-fight-against-elon-musks-tesla">Read the full article here.</a>
Ross Gerber Praises Tesla&#8217;s Cybertruck Amid California Wildfires
Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, lauded Tesla&#8217;s Cybertruck for its performance during the devastating wildfire in Los Angeles's Pacific Palisades neighborhood. Gerber shared his experience of how the vehicle navigated fallen trees and flooded roads, and its HEPA filter system protected him from smoke.
<a href="https://www.benzinga.com/markets/equities/25/01/42890496/cybertruck-was-my-hero-today-says-ross-gerber-after-teslas-truck-allowed-him-to-navigate-california-wildfires-in-safety">Read the full article here.</a>
Uber and Lyft Revamp Robotaxi Strategy
Ride-hailing giants&nbsp;Uber Technologies Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and&nbsp;Lyft Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) are revising their robotaxi ambitions. They have restructured their businesses to accommodate competitors who have cracked the code, according to the Wall Street Journal. Under the new strategy, Uber and Lyft will earn a percentage of driverless taxi bookings while maintaining the fleet.
<a href="https://www.benzinga.com/25/01/42859391/uber-and-lyft-adapt-robotaxi-strategy-to-compete-in-tesla-and-waymos-market">Read the full article here.</a>
XPeng and Volkswagen to Build Super-Fast EV Charging Network in China
Chinese EV startup&nbsp;XPeng Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) and German automaker&nbsp;Volkswagen AG&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) are planning to jointly build a super-fast charging network in China. The over 20,000 charging piles operated by the two companies across 420 cities in China will now be accessible to both players going forward.
<a href="https://www.benzinga.com/25/01/42807958/xpeng-volkswagen-to-jointly-build-super-fast-ev-charging-network-in-china">Read the full article here.</a>
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Photo courtesy: 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/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>

LYFT

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Tesla Recalls Over 239,000 Vehicles, Uber and Lyft Revamp Robotaxi Strategy, Warren Buffett-Backed BYD Launches Affordable EV And More: This Week In Mobility

Electric vehicle company BYD Co (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) is launching the first electric vehicle to come with a starting price under $30,000 in Australia, a move that could boost the country's <a href="https://www.benzinga.com/electric-vehicles">electric vehicle market.</a>
What Happened: Along with investing in blue-chip U.S. companies, Berkshire Hathaway Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) CEO Warren Buffett has recognized the investment opportunity<a href="https://www.benzinga.com/news/financing/24/12/42535041/warren-buffett-gains-exposure-to-digital-banks-in-africa-south-america-heres-how"> in emerging markets.</a>
One of Buffett's investments is owning a stake in Chinese company BYD, a global leader in electric vehicle. While Buffett has <a href="https://www.benzinga.com/markets/equities/24/06/39481191/warren-buffets-berkshire-drops-byd-stake-despite-ev-leader-seeing-record-sales">sold a portion</a> of the company's stake in BYD, Berkshire still owns around 4.9% of the company, representing around $1.8 billion in the Berkshire portfolio.
BYD could see a boost to its growth in 2025 thanks to the launch of a new version of its popular Dolphin EV in Australia.
A new stripped-down version of the Dolphin comes with a starting price of $29,900 in Australia, as <a href="https://electrek.co/2025/01/08/byd-just-launched-first-ev-priced-under-30000-australia/">reported </a>by Electrek, <a href="https://www.smh.com.au/politics/federal/chinese-giant-brings-first-ev-for-under-30-000-to-australia-20250108-p5l2vb.html">citing </a>The Sydney Morning Herald.
BYD has launched models like the Dolphin, Atto 3 and Seagull in Australia over the years and it now has the cheapest EV in the country, replacing the previous record of $30,990 by the MG4, which later raised its price to $38,000.
The lower-cost model does not include some normal Dolphin features like a sunroof, heated seats and a wireless phone charger. The new Dolphin model comes with the same battery range of 350 km (217 miles) as the other Dolphin models.
Deliveries of the new Dolphin model are set to begin in March.
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Why It's Important: BYD is one of the largest electric vehicle companies in the world, selling 4.27 million new energy vehicles globally, which includes electric vehicles and plug-in hybrids, in 2024. This total was up 41% year-over-year.
In Australia, BYD ranked second for 2024 EV sales and had a 14.6% year-over-year gain in units sold. Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) ranked first in 2024 with a market share of 42% of EVs in Australia, but saw its year-over-year sales decline 16.8%, as <a href="https://www.drive.com.au/news/australias-best-selling-electric-cars-2024/">reported </a>by Drive.
Other EV companies like BYD saw their sales gain 28.8% year-over-year while Tesla fell, helping to set a record in Australia for a sixth straight year. The country had 91,292 EVs sold across cars, SUVs and light commercial vehicles, up 4.7% year-over-year and representing 7.4% of all new vehicles sold in the year.
EV sales faced pressure in Australia in the second half of 2024 with an overall drop of 6.9% year-over-year, with Tesla sales falling 25.8% year-over-year and other EV models gaining 9.6% year-over-year.
Tesla had the top two selling vehicles in Australia in 2024 with the Model Y and model 3 ranking first and second respectively.
BYD had three of the top 10 selling EVs in the country with the Seal, Atto 3 and Dolphin ranking fourth, fifth and eighth respectively.
A new lower-priced Dolphin could continue to cut into Tesla's market share. The EV company has watched its market share in Australia fall from 59% in 2022 to 53% in 2023 to 42% in 2024.
The Shark, which is BYD's first pickup truck, has over 5,500 preorders placed according to the report and deliveries begin soon. BYD will also launch the new Sealion 07, which is called a Model Y competitor. The Sealion 07 starts at under $60,000, falling in similar range of the Model Y, which starts at $55,900.
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