BYD’s Hong Kong-listed shares gained as much as 3.1% on Friday, while Geely and Chery also rose, with uncertainty about a ceasefire continuing to cause energy market turmoil.
(Bloomberg): China’s exports of electric vehicles (EVs) and hybrids more than doubled in March to a record as the global energy shock stemming from the Iran war renewed interest in EVs.
Overseas shipments jumped 140% from a year earlier to 349,000 units, according to data from China Passenger Car Association (PCA) released on Thursday. BYD Co, the world’s largest EV maker, accounted for about a third of the total, with Geely Automobile Holdings Ltd and Chery Automobile Co rounding out the top three exporters for the month, it said.
