BYD

BYD's vehicle deliveries in August were impacted by power constraints and Covid outbreaks. The company is aiming for 280,000 units of monthly deliveries by the end of the year.

Berkshire reduced its stake in BYD to 18.87 percent on September 1 after cutting its holdings by 1.716 million BYD H shares.

The latest US subsidy bill is discriminatory, and if the US government insists on this policy, BYD will consider temporarily abandoning the US market.

As of press time, BYD's shares traded in Hong Kong were down more than 11 percent and those traded in Shenzhen were down about 8 percent.

Following the move, Berkshire Hathaway's stake in BYD fell from 20.04 percent to 19.92 percent.

An increase in vehicle prices and an upward pivot in its product sales mix are seen as the main reasons why BYD beat earnings estimates in the second quarter.

BYD reported basic earnings per share of RMB 1.24 in the first half of the year, which was at the upper end of the previously previewed range of RMB 0.96 to RMB 1.24.

Several offline BYD dealership stores in Europe will open in the fall, and the first vehicles are expected to be delivered starting in the fourth quarter, BYD said.

Toyota will launch an electric sedan called the bZ3 in China in which the battery and the motor are supplied by BYD.

BYD Frigate 07 positions slightly below the flagship Tang family of SUVs in its Dynasty lineup, further completing its Ocean series matrix.