SHE:002594

27 stories mentioning SHE:002594

Every FINWIRES story that references SHE:002594, newest first.

Market Chatter: GWM to Launch 10 New Models in European Market Resurgence

Great Wall Motor (SHA:601633, HKG:2333) or GWM plans to return to the European market with the introduction of 10 new models over the next two years, Reuters reported Tuesday, citing GWM International President Parker Shi during an interview.Shi told reporters at the company's Baoding technology center said they don't want to be a loser in any market, introducing various vehicle models in 13 European markets in the next 12 months, the report said.The automaker will begin its fresh European run with the launch of Ora 5, which will be available as an electric vehicle, in the first half of the year, according to the report.Competition is becoming tighter as GWN's sales in 2025 dropped to nearly 30%, while Chinese counterparts such as Chery Automobile (HKG:9973) and BYD (HKG:1211, SHE:002594) are looking at expanding their market in Europe, the media outlet said.(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.)

HKG:1211HKG:2333HKG:9973SHA:601633SHE:002594

Asia56d ago

Market Chatter: BYD Applies to Join European Car Lobby

Chinese electric vehicle maker BYD (SHE:002594, HKG:1211) has applied to join Europe's car lobby, Bloomberg reported Friday.BYD's inclusion in the European Automobile Manufacturers Association would mark the first time a Chinese carmaker joins the group, the report said.A spokesperson for the lobby confirmed the car maker applied to join the lobby but added that a decision was yet to be made.(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.)

HKG:1211SHE:002594

Asia59d ago

Market Chatter: Chinese EV Manufacturers Seen to Benefit from Iran War

German buyers are keen to purchase Chinese electric car brands due to rising fuel prices, Reuters reproted Thursday, citing online marketplace Carwow.Purchase queries for BYD (HKG:1211, SHE:002594) saw the fastest surge at 135% during the first quarter, the report said.Potential buyers showed most interest in BYD's electric-powered SUVs and the cheap Dolphin hatchback, the report said.Aside from BYD, other Chinese car manufacturers such as SAIC Motor's (SHA:600104) MG are seen to benefit the most from higher pump prices due to the Iran war, according to Reuters, citing the platform.(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.)

Shanghai Composite^SZSEHKG:1211SHA:600104SHE:002594

Asia60d ago

Market Chatter: BYD Focuses on 'Price Parity' in South Africa as Competition Heats Up

Electric vehicle maker BYD (SHE:002594, HKG:1211) is focusing on "price parity" with combustion models instead of promotions in South Africa amid intensifying competition, Reuters reported Wednesday, citing local managing director Steve Chang.While rivals slash prices to grab market share, BYD focuses on "price parity" with petrol models and heavy spending on market education, Chang reportedly said.BYD sold 589 units in March, just behind Mercedes-Benz and Stellantis and beating legacy brands like Volvo, the news agency wrote.Shares of the carmaker closed 6% higher on the Hong Kong bourse and 2% higher on the Shenzhen bourse.(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.)

HKG:1211SHE:002594

Asia61d ago

BYD's Hungary Plant Hit by Labor Violation Claims in Report

A worker-rights group said it found labor violations at BYD's (HKG:1211, SHE:002594) new plant in Hungary, where the company plans to start mass production this quarter.China Labor Watch said its investigation identified debt-linked recruitment, excessive working hours, and opaque employment arrangements affecting some Chinese migrant workers hired through subcontractors and intermediaries, according to a Tuesday report.The group said the practices may breach local labor rules and align with forced labor indicators defined by the International Labour Organization.BYD is building a major electric-vehicle manufacturing facility in Hungary as part of its expansion into Europe.The electric vehicle maker is yet to respond to' request for comment at press time.

HKG:1211SHE:002594

Asia62d ago

Market Chatter: Brazil Sacks Labor Official for Adding BYD to List of Abusive Employers

The Brazilian government fired its secretary of labor inspection for adding BYD (HKG:1211, SHE:002594) to a list of employers accused of unjustly treating workers, Reuters reported Monday, citing two people close to the matter.The secretary, Luiz Felipe Brandao de Mello, allegedly defied an order from Labor Minister Luiz Marinho to not include BYD on its worker abuse "dirty list," a registry of employers allegedly subjecting employees to slave-like conditions, the report said.Brandao de Mello's dismissal is seen as a development in the crisis between President Luiz Inacio Lula ⁠da Silva's administration and labor abuse inspectors, the report said.Marinho had been alleged to interfere with the labor inspectors' work to exclude big companies from their list, the report said.(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.)

HKG:1211SHE:002594

International66d ago

Chinese NEV Exports Surge 140% in March, Car Association Says

Chinese exports of new energy vehicles surged 140% year over year to 349,000 units, the China Passenger Car Association said Thursday.BYD (HKG:1211, SHE:002594) led the pack with 116,882 units, while Geely (HKG:0175) exported 52,186 units and Chery Automobile (HKG:9973) exported 40,837 units to complete the top three exporters for the month.The surge could be attributable to energy shocks due to the war in Iran, Bloomberg reported separately.

Shanghai Composite^SZSEHKG:0175HKG:1211SHE:002594

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