FINWIRES · TerminalLIVE
FINWIRES

Market Chatter: BYD Chairman Predicts Significant Growth Through 2030

By

BYD Company (HKG:1211, SHE:002594) aims to become the world's largest automaker by scale within five years, Chairman Wang Chuanfu said at the company's annual general meeting, according to a report by state-owned Shanghai Securities News on Tuesday.

Wang said BYD's growth will be driven by its second-generation Blade Battery, flash-charging technology, and new products planned over the next two years, with domestic and overseas markets expected to serve as dual growth engines, according to the report.

He also said overseas sales are on track to exceed the company's initial target of 1.5 million vehicles, citing strong demand and years of investment in international markets, the report said.

Separately, Wang said the company's sales this year will depend largely on battery production capacity, adding that BYD will allocate resources to maximize output.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Related Articles

Asia

Virgin Australia Launches Flight Search Functionality in ChatGPT

Virgin Australia Holdings (ASX:VGN) launched flight search functionality within the ChatGPT artificial intelligence chatbot, becoming the first airline in Australia to do so, the company said Wednesday.When prompted with travel needs, ChatGPT will direct customers to Virgin Australia flights and Velocity Frequent Flyer Reward Seat options, eliminating the need to navigate multiple website pages, the company said.The launch builds on a collaboration Virgin Australia entered with ChatGPT developer OpenAI in November 2025.

ASX:VGN
Asia

Posco Holdings Reports One Death in Shinansan Line Accident

Posco Holdings (KRX:005490) disclosed a serious industrial accident at its Shinansan Line l, which left one worker dead, according to a Wednesday filing with the Korea Exchange.The worker fell from a height during electrical work preparation in a vertical shaft on Tuesday. The cause of the fall hasn't been identified yet, the filing said.Police and the Ministry of Employment and Labor are investigating the incident, and accident prevention measures are being written to prevent a recurrence, it said.

KRX:005490
Asia

BOE Technology Controlling Unit to Withdraw Beijing Listing Application; Shares Fall 8%

BOE Technology (SHE:000725) controlling subsidiary Energy Technology plans to terminate its application for a public issuance of shares and listing on the Beijing Stock ExchangeEnergy Technology cited adjustments to its development strategy and actual operational needs for the move, according to a Wednesday filing with the Shenzhen bourse.The withdrawal is subject to the approval of the subsidiary's shareholders.Shares of the electronics components producer were down nearly 8% in recent trade.

SHE:000725