BYD
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CATL's share in China's power battery market rebounds in May while BYD declines
CATL and BYD's share of the China power battery market returned to their respective normal levels in May, after a Covid disruption in April narrowed their gap significantly.
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BYD's market cap reaches RMB 1 trillion
A series of catalysts are driving BYD's rally, with its shares up about 50 percent cumulatively since May 10.
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BYD's Denza brand expanding aggressively as it works to build 76 stores across China
Months after BYD decided to increase its stake in Denza, its joint venture with Mercedes-Benz, to 90 percent, the brand is moving ahead at a rapid pace in its new product planning and offline store construction.
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BYD sees electrification moving much faster than imagined as its order backlog reaches 600,000 units
"We feel that the electrification process is accelerating much faster than we thought," said BYD Chairman Wang Chuanfu.
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BYD raises price cap on share buybacks as stock rises faster than it can execute
BYD previously announced a buyback price cap of RMB 300, but its shares have risen 40 percent in the past month to about RMB 330.
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BYD to supply batteries to Tesla, exec confirms
Tesla is a very successful company and BYD respects it and is friends with Elon Musk, a BYD executive said.
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BYD May sales breakdown: Han at 23,934 units, Dolphin at 6,430
BYD's Han DM series sold 11,250 units in May, while Han EV was 12,684 units.
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BYD sells 114,943 vehicles in May, surpassing 100,000 for third consecutive month
From January to May, BYD has sold more than 500,000 vehicles, up about 350 percent from just over 100,000 in the same period last year.
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BYD buys back RMB 433 million worth of shares traded in China's A-share market today
BYD's Shenzhen-traded shares closed today at RMB 299.98, near the upper limit of the company's planned buyback price.
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BYD in talks to buy six African lithium mines, enough to cover demand for next decade, report says
Some of the lithium mines will start shipping next month and are expected to be available for use in BYD's batteries in the third quarter, according to local media.
