Hyperdrive
BYD Plays Winning Hand in China EV Market With Hybrid Models
- BYD may further expand market-share lead: Edmond de Rothschild
- Firm was given lower than average tariff rate by EU regulators
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A yawning gap has opened up among China’s electric-vehicle stocks with BYD Co. beating all comers due to its latest technological rollout.
The carmaker’s shares have defied heavy losses in EV stocks around the world to gain more than 6% in Hong Kong this year thanks to the introduction of the fifth generation of its plug-in hybrid drive system in May. Those of its smaller competitors Li Auto Inc., Xpeng Inc. and Nio Inc. have all tumbled at least 45% amid concern over slowing EV demand and a persistent price war.