BYD's Recall Headache Meets a Small-Car Counterpunch
Article excerpt
BYD investors are navigating a split-screen story: a share price that keeps sliding while the company rolls out fresh product and infrastructure at a furious clip. The stock ended Friday at EUR 8.84, down 0.8% on the day and 17% since the start of the year, as caution over China's brutal price war weighs on sentiment across Asia's tech and auto names. Yet the operational news flow tells a different story. On Thursday, the Shenzhen-based automaker completed its 2,000th fast-charging station along Chinese highways, hitting the milestone ahead of schedule and covering close to a third of the country's highway service areas. Just weeks earlier, at the end of August, it had opened its 10,000th charging point overall. According to a Deutsche Bank analysis, BYD aims to reach 20,000 stations by year-end - an aggressive buildout that runs into a stubborn bottleneck: most public chargers in China still deliver far lower power, and upgrading local grids remains a drag on making ultra-fast charging widely available. The company's answer to its toughest home-market battle is taking shape in regulatory filings. Documents from China's Ministry of Industry and Information Technology reveal a comprehensive redesign of the Seagull, BYD's entry-level electric runabout, with a launch planned before the year is out. The second-generation model stretches to 4,205 millimeters and adds a fifth seat...
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The second-generation Blade battery is designed to charge from 10% to 97% in nine minutes - a claim Geely matched with its own fast-charging tech unveiled on Wednesday.
