LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of BYD Company Limited ("BYD†or the "Company†) (OTC: BYDDF) on behalf of investors concerning the Company's possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON BYD COMPANY LIMITED (BYDDF), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS. What Is The Investigation About? On February 13, 2026, the Pentagon added BYD to a list of companies ai. ...

Group 1 - Chinese carmakers BYD, Geely, and Vietnam's VinFast are finalists to acquire a Nissan-Mercedes-Benz vehicle plant in Aguascalientes, Mexico, advancing from nine bidders [1] - The Aguascalientes factory, opened in 2017, has an annual capacity of 230,000 vehicles and is being closed due to Nissan ending production of certain models and Mercedes-Benz shifting production to Hungary [2] - Mexico's federal government has encouraged local authorities to postpone approvals for Chinese automotive investments while negotiating trade arrangements with the US, despite lacking authority to block the sale [3] Group 2 - The interest from BYD and Geely highlights the rapid expansion of China's automotive sector, as Mexico's auto industry faces challenges from US tariffs, including a 25% tariff on Mexican-built cars imposed in March 2025 [4] - The tariffs contributed to a nearly 3% decline in exports to the US in 2025 and resulted in approximately 60,000 job losses in the sector last year [4] - The Chinese commerce ministry is aware of the Aguascalientes proposals and has not raised objections to the overseas factory projects [5]

Group 1 - The Chinese new energy vehicle (NEV) market faced a significant downturn at the start of 2026, with major automakers experiencing substantial sales declines, including BYD, which saw a year-on-year decrease of approximately 30% and a month-on-month drop of 50% [1][3][6] - In January 2026, nationwide retail sales of passenger cars reached 1.544 million units, reflecting a year-on-year decline of 13.9% [1][2] - The decline in sales is attributed to multiple factors, including the expiration of tax incentives, preemptive demand exhaustion, and rising cost pressures, marking the end of an era of easy growth for the NEV industry [1][6][12] Group 2 - The new tax policy implemented on January 1, 2026, which reduced the exemption on NEV purchase tax, has led to a significant drop in consumer demand as buyers rushed to purchase vehicles before the policy change [6][9][11] - Major brands like Leap Motor, Xiaomi, and NIO also reported significant month-on-month sales declines, with some brands experiencing drops exceeding 60% [3][5] - The competitive landscape is shifting towards a "survival of the fittest" scenario, where automakers must focus on technology, cost control, and efficiency to remain viable [12][14] Group 3 - Consumers are advised to consider various factors when deciding the optimal time to purchase a vehicle in 2026, including policy changes, market conditions, and technological advancements [18][21] - The first quarter of 2026 may present opportunities for consumers due to significant inventory pressures on dealers, potentially leading to aggressive promotional offers [21][23] - The introduction of new technologies, such as semi-solid batteries and advanced driving systems, may influence consumer decisions between purchasing older models at discounts or new models with cutting-edge features [23]

Core Insights - In 2025, Chinese automakers achieved a total global sales volume of 27 million vehicles, surpassing Japan for the first time in over 20 years, marking a significant milestone in the automotive industry [1] - Chinese automobile exports reached 8.32 million units in 2025, maintaining the title of the world's largest exporter for the third consecutive year, with Japan trailing at 4.21 million units [1] - Nine Chinese automakers have already set ambitious overseas sales targets for 2026, indicating confidence in continued growth in international markets [1][2] Group 1: Sales Performance - In 2025, Chery, SAIC, and BYD each exceeded 1 million units in overseas sales, with Chery selling 1.34 million units, representing nearly half of its total sales and a 17% increase year-on-year [3] - BYD's overseas sales surged by 145%, showcasing rapid growth from negligible figures to over 1 million units in just four years [3] - The overall export volume of Chinese automobiles grew by 29.9% in 2025, with December alone witnessing a remarkable 73.2% year-on-year increase, reaching 994,000 units [5] Group 2: Market Trends - The export of Chinese new energy vehicles (NEVs) reached 3.43 million units in 2025, a 70% increase, reflecting a growing global acceptance of electric vehicles [8] - In Europe, electric vehicles accounted for a record 19% of the market share in 2025, with Germany producing 1.67 million electric passenger cars, marking a 23% year-on-year growth [10] - Chinese brands are increasingly gaining traction in international markets, with significant sales growth in Australia and Europe, where they are becoming more competitive against traditional automakers [10][12] Group 3: Strategic Developments - Chinese automakers are expanding their presence in North America and Latin America, with Mexico becoming the largest market for Chinese car exports in 2025 [14] - Agreements with Canada allow Chinese companies to export electric vehicles at a reduced tariff rate, indicating a favorable trade environment [16] - The establishment of local supply chains and partnerships in various regions is a strategic move to enhance competitiveness and market penetration [16][17]

Domestic News - The State Administration for Market Regulation released the "Compliance Guidelines for Pricing Behavior in the Automotive Industry," highlighting legal risks associated with misleading pricing practices [5] - The Ministry of Industry and Information Technology is soliciting public opinions on five mandatory national standards, including "Safety Requirements for Autonomous Driving Systems in Intelligent Connected Vehicles" [6] - The Ministry of Commerce announced that consumers purchasing new cars during the 9-day Spring Festival holiday can apply for vehicle trade-in subsidies [7] - Sichuan Province will provide subsidies up to 15,000 yuan for consumers who replace their vehicles with new energy or low-emission cars [8] - Shenzhen is launching a pilot program for "Vehicle-Road-Cloud Integration" in intelligent connected vehicles [9] - Xiaomi's charging network has over 1.7 million charging stations, marking a 66.7% year-on-year increase [10] - GAC Group has surpassed 2,000 self-operated charging stations, covering 211 cities nationwide [11] - Tesla has deepened localization in China by launching WeChat in-car features for its Model 3 and Model Y [12][13] International News - Canada plans to add 8,000 electric vehicle charging stations, investing over 84.4 million CAD to enhance its existing network of over 30,000 stations [14] - Tata Motors and Stellantis signed a memorandum of understanding to explore further collaboration in manufacturing and supply chain in India and overseas [15] - Ford plans to launch five new models priced under $40,000 in the U.S. by 2030, starting with an electric four-door pickup [16] - Toyota will introduce its first electric vehicle manufactured in the U.S. by the end of this year [17] Commercial Vehicles - FAW Jiefang's first product from its Indonesian KD factory has successfully rolled off the assembly line, marking a significant step in local manufacturing capabilities [18] - Beijing's 2026 Comprehensive Transportation Governance Action Plan aims to promote low-carbon transportation and increase the coverage of charging facilities for electric vehicles [19] - Qingling has signed a KD project agreement with local manufacturers in Africa, planning an initial production capacity of 20,000 units [20] - BYD is upgrading its Shark 6 pickup for the Australian market with a 2.0T plug-in hybrid system to enhance towing capacity [21]

2月13日，A股市场震荡回调，沪指跌超1%，电池板块调整。截至14:45，同类规模领先的电池ETF汇添富（159796）跌近1%，呈现十字星，成交额近2亿 元，交投活跃，资金大举涌入，电池ETF汇添富（159796）昨日吸金超1亿元。 消息面上，2025年全球动力电池出货量达1495.1GWh，同比增长42.2%，增速较此前提升20.7个百分点，中国7家电池企业位列全球动力电池出货量前十。 【出口强劲：2025年海外市场延续高增长态势，中资厂商市占率进一步抬升】 交银国际表示，2025年海外动力电池市场延续高增长态势，中资厂商市占率进一步抬升。SNE Research数据显示，2025年全球动力电池装车量同比增长 31.7%至1,187GWh，中国以外市场装车量同比增长26.0%至463.3GWh。竞争格局方面，韩国三大厂（LG Energy Solution、Samsung SDI、SK On）合计市占 率同比下滑7.4ppts至36.3%，其中三星SDI装机量同比下降6.7%。相比之下，中国企业依托LFP技术路线持续放大成本优势，全球出货量前十厂商中中企占 比同比提升9.6ppts至47.2%。其中宁德时 ...

1. Report Industry Investment Rating - No information provided about the industry investment rating 2. Core Viewpoints of the Report - In 2025, the issuance scale of green ABS products declined, with the structure of underlying asset types adjusted. Green financial leasing ABS rose to the top in issuance scale. Green REITs, renewable energy price subsidy ABS, and new - energy vehicle loan ABS still dominated the issuance, while new underlying assets like held real estate and consumer finance loans were added [5][35]. - Multiple departments coordinated to deepen the financial supply - side reform, continuously improving the green finance standard system and basic institutions, and promoting the high - quality development of green finance. The green ABS market is moving towards higher - quality and diversified development [5][30][35]. 3. Summary by Relevant Catalogs 3.1 Issuance - In 2025, 136 green ABS products were issued in China, a 7.48% year - on - year decrease, with a total issuance scale of 185.326 billion yuan, a 16.59% year - on - year decline. Green enterprise ABS, green ABN, and green credit ABS accounted for 50.72%, 38.01%, and 11.27% respectively [5][6]. - By underlying asset types, green financial leasing ABS ranked first with an issuance scale of 58.484 billion yuan (31.56% of the total). Green REITs, renewable energy price subsidy ABS, and new - energy vehicle loan ABS decreased but remained major issuers. Held real estate and consumer finance loans expanded the types of green underlying assets [5][14]. - In 2025, 53 carbon - neutral ABS products were issued, with a scale of 70.393 billion yuan, a 32.02% year - on - year decline, accounting for 37.98% of green ABS [5]. 3.2 Issuance Interest Rate - The issuance spread of green ABS products showed a narrowing trend. In 2025, the average spreads of AAAsf - rated green credit ABS, ABN, and enterprise ABS products to the benchmark rate were 16BP, 46BP, and 64BP respectively. The spread of green credit ABS was significantly lower than other credit ABS, while the difference between green ABN/enterprise ABS and non - green ABS was small [5][26]. 3.3 Policy - In 2025, multiple departments issued policies to deepen the financial supply - side reform, improve the green finance standard system, and promote the development of green asset securitization. Key policies included those from the China Securities Regulatory Commission, the National Administration of Financial Regulation and the People's Bank of China, etc [30][31]. 3.4 Conclusion - In 2025, the green ABS market saw a decline in issuance scale and an adjustment of underlying asset types. With policy support, the market is moving towards high - quality and diversified development. Emerging fields such as green consumer credit, carbon sink revenue rights, and held real estate may become new growth drivers [35]. 3.5 Schedule - The schedule lists the detailed issuance information of green asset - backed securitization products in 2025, including green credit ABS, green ABN, and green enterprise ABS [37][38][39].

外观设计上，宋Ultra EV延续了比亚迪王朝网经典的"龙颜美学"设计语言。前脸采用封闭式格栅造型， 与贯穿式灯带呼应，下包围两侧导流槽尺寸大幅增大，优化了空气动力学性能。 凤凰网科技讯2月13日，比亚迪（002594）王朝首款B级纯电SUV——宋Ultra EV全新紫色涂装官图公 布，新车前脸线条融合东方美学与当代设计语言，侧面配备悬浮式车顶。 据报道，宋Ultra EV长宽高分别为4850/1910/1670毫米，轴距达到2840毫米，相较于宋L DM的 4780/1898/1670毫米(轴距2782毫米)，在长度、宽度和轴距上均有明显提升，成为目前宋家族尺寸最大 的车型。 ...

Core Insights - The January sales figures indicate a significant shift in the competitive landscape of the Chinese automotive market, with traditional giants like SAIC and Geely reclaiming leadership positions, while BYD's dominance is challenged [1][3][4] Group 1: Sales Performance - SAIC Group achieved sales of 327,000 vehicles in January, marking a year-on-year increase of 23.9% [2][4] - Geely Automotive sold 270,100 vehicles, a year-on-year growth of 1%, surpassing BYD to become the top-selling domestic brand [2][4] - BYD's sales fell to 210,000 vehicles, experiencing a significant year-on-year decline of 30.1% [2][4] - New energy vehicle sales for SAIC reached 85,000 units, growing by 39.7% [4] - The overall automotive production and sales in January were 2.45 million and 2.346 million units, respectively, with a slight year-on-year production increase of 0.01% [7] Group 2: New Players and Market Dynamics - The new energy vehicle segment saw a reshuffling, with Hongmeng Zhixing leading the new force with 57,915 units sold, a remarkable year-on-year increase of 65.6% [6] - Xiaomi Automotive followed closely with over 39,000 units sold, achieving a year-on-year growth of approximately 70% [6] - The previous leaders in the new force segment, such as Leap Motor, have seen a decline, with their sales dropping to 32,059 units [6] Group 3: International Market Growth - The overseas market is identified as a key growth area for automotive companies, with January exports reaching 681,000 vehicles, a year-on-year increase of 44.9% [7] - Exports of new energy vehicles doubled to 302,000 units, highlighting the importance of global expansion for competitive advantage [7]

日本经济新闻2月12日获悉，针对日产汽车已决定退出的墨西哥市场，中国汽车大企业比亚迪 （BYD）和吉利汽车已表示有意收购其墨西哥工厂。比亚迪刚刚取消在墨西哥新建工厂的计 划，外界认为该公司已转换方针，打算活用其他企业在当地的现有生产基地。 路透社援引相关人士的话报道了这一消息。两家中国车企有意收购的是日产与德国梅赛德斯- 奔驰合资经营的COMPAS工厂（位于墨西哥中西部阿瓜斯卡连特斯州）。据称，两家车企与 其他中国大型企业及越南纯电动汽车（EV）厂商一同进入了最终候选名单。 比亚迪从2023年开始正式考虑在墨西哥建设新工厂的计划，2024年已接近敲定最终选址的阶 段。该公司还于同年5月在墨西哥城举行了非中国地区首次新车发布会，大型汽车企业聚集的 墨西哥的中西部巴希奥地区及东北部新莱昂州等具体候选地也浮出水面。当时该公司被认为 已几乎敲定进驻墨西哥。 比亚迪过去一直对在墨西哥新建工厂表现出积极意愿（2024年5月在墨西哥城举办的新车发布会） 比亚迪和吉利汽车等进入了日产与德国梅赛德斯-奔驰合资经营的墨西哥COMPAS工厂的收 购意向方的最终候选名单。比亚迪刚刚取消在墨西哥新建工厂的计划，外界认为该公司已转 换方 ...