Articles tagged with "market-expansion"
BYD 2025 1H Financial Report: Largely as I Anticipated, with a Few Notable Developments - CleanTechnica
The BYD 2025 first half financial report showed overall solid year-over-year growth in sales, revenue, gross profits, and net earnings, though results fell short of some forecasts and the second quarter was notably weaker than the first. Margins declined slightly year-over-year and dropped significantly in 2Q, marking the first quarterly net profit decline since early 2022. Despite this, BYD’s margins remain higher than most competitors amid a challenging industry environment. The company’s balance sheet strengthened, with total shareholder equity rising 32% year-over-year and liabilities remaining low by automotive industry standards. A key highlight was BYD’s substantial 53% year-over-year increase in R&D spending, more than double net earnings growth, supported by a new campus housing around 60,000 senior researchers and engineers. This investment underpins BYD’s expanding technological capabilities and product pipeline, although no major new product announcements were made in the report. BYD’s overseas revenue has rapidly increased, particularly in
energyautomotive-industryBYDfinancial-reportR&D-investmentmarket-expansionprofit-marginsSome Interesting News From Two US Electric Vehicle Stakholders
Allison Transmission Holdings and Dana Incorporated, two longstanding U.S.-based propulsion firms with over a century of experience, recently completed a $2.7 billion transaction in which Allison acquired Dana’s off-highway business. This strategic move aims to expand Allison’s presence in global electric vehicle (EV) markets, particularly in emerging regions like Asia-Pacific, while broadening its commercial-duty powertrain and industrial solutions worldwide. Despite uncertainties in U.S. federal electrification policies, both companies are capitalizing on the growing global demand for EVs, with Allison intensifying its investment in EV-related research and development. For Dana, the sale of its off-highway business represents a significant financial gain—valued at seven times the expected 2025 adjusted EBITDA—and supports its strategic shift toward becoming a more focused supplier of light- and commercial-vehicle electrification solutions. Dana emphasizes its comprehensive in-house capabilities in electric drivetrains, including gearboxes, motors, inverters, and battery management systems, positioning itself
energyelectric-vehiclespropulsion-systemsdrivetrain-technologyautomotive-industryelectrificationmarket-expansionBYD Launches In Benin, Seychelles, Croatia, Slovakia, & Cambodia, Plus The World’s Largest Car Carrier!
energyelectric-vehiclesBYDclean-technologytransportationsustainable-mobilitymarket-expansion