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EV Sector Stalls as Stimulus Taper Amplifies Demand Downturn","url":"https://stock-news.laohu8.com/highlight/detail?id=2639644480","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2639644480?lang=en_us&edition=fundamental","pubTime":"2026-05-29 14:45","pubTimestamp":1780037100,"startTime":"0","endTime":"0","summary":"China's electric-vehicle makers got off to a rocky start this year as fading government support and softer demand weighed on the world's largest auto market.Major players including BYD, Li Auto and XPeng all reported weaker profitability for the first three months of the year, underscoring the mounting pressure facing the sector after years of subsidy-fueled growth and intense price competition.Shares of Li Auto and XPeng were down over 4% each in Hong Kong on Friday after both reported first-quarter losses. The stocks have shed about 11% and 20% so far this year.Even Tesla rival BYD, which has more of a buffer thanks to its outsized market share, posted a 55% profit drop in the first quarter.The earnings come as China's EV market enters an era of slower growth after years of breakneck expansion.The demand boost provided by tax exemptions for EV purchases and generous government subsidies introduced in 2024 and 2025 has ebbed as the measures expire.Although the company's L9 Livis 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autonomous...","market":"nz","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"productRelease","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU0823414478.USD","LU1868837565.USD","LU0634319403.HKD","BK1119","LU0708995583.HKD","LU0469268626.HKD","LU0244354667.USD","LU1242518931.SGD","LU0165289439.USD","LU0819121731.USD","LU2249611893.SGD","LU0359202008.SGD","LU0509642566.USD","LU0164865239.USD","LU0359201612.USD","LU0823426308.USD","LU0856984785.SGD","LU1242518857.USD","SG9999015945.SGD","LU0588545490.SGD","LU1868838027.USD","LU2778985437.USD","LU1813983027.USD","LU0289960550.SGD","01211","LU2476274720.SGD","BK1582","LU0588546209.SGD","SG9999006597.SGD","LU0823038988.USD","LU0449515922.USD","LU0128522744.USD","LU0314109678.HKD","LU2399975544.HKD","LU1770034418.SGD","LU1880383440.USD","LU1720050803.USD","LU1861219969.SGD","LU0348827113.USD","LU0164872284.USD","BK1610","LU0259732245.USD","LU0828238088.HKD","LU0326950275.SGD","LU1188198961.HKD","LU0588545904.SGD","LU0572944931.SGD","LU0348735423.USD","SG9999001226.SGD","LU0359201885.HKD","LU0211977185.USD","SG9999015978.USD","IE00BZ08YS42.EUR","LU1861214812.USD","LU1961090484.USD","LU2097828474.EUR","IE00BZ08YR35.GBP","LU0214875030.USD","LU2506951792.HKD","LU0540923850.HKD","LU1303224171.USD","LU2360107325.USD","LU0594300419.USD","LU0307460666.USD","002594","LU0348805143.USD","LU0871576103.HKD","SG9999006514.SGD","BK1522","LU0043850808.USD","LU0865486749.SGD","LU0543330566.HKD","LU0417516902.SGD","LU1719994722.HKD","LU0823039010.USD","LU0449509016.USD","BK1540","LU2357125470.USD","LU0511384066.AUD","LU0708995153.HKD","LU1251922891.USD","BK1594","HYDD.SI","LU0823414551.USD","LU1868837722.USD","LU1880383366.USD","BK1509","LU2476274308.USD","LU0823426480.USD","LU2097828805.USD","SG9999002463.SGD","LU2348774022.SGD","LU0417516738.SGD","LU0531971595.HKD","SG9999015952.SGD","LU1023057109.AUD","BK1539","LU0588545730.USD","LU2449936058.SGD","LU0979878070.USD","LU0039217434.USD","LU0143863198.USD","LU0315178854.USD","LU0516422952.EUR","SG9999014674.SGD","LU0605514214.HKD","LU0175139822.USD","LU0320764599.SGD","LU0594300179.USD","LU1808992512.USD","LU0289739343.SGD","LU2097828557.USD","LU2294711713.HKD","LU0269904917.USD","LU1328277881.USD","SG9999002828.SGD","LU0561508036.HKD","LU0254981946.USD","LU0650527681.SGD","LU0348825331.USD","LU0593848301.USD","LU0054450605.USD","SG9999015986.USD","LU0516423091.SGD","LU0531970944.HKD","LU0320764243.SGD","LU0505663152.USD","LU0516422366.SGD","LU0516422440.USD","IE00BZ08YT58.USD","LU0516423174.USD","LU2097828714.EUR","LU1794554557.SGD","IE00BD6J9T35.USD","81211","LU0463099449.HKD","LU2039709279.SGD","LU2097828631.EUR","BYDDY","LU0229945570.USD","LU0819123356.HKD","LU0084288322.USD","LU0052750758.USD","LU2153592121.USD","LU0327786744.USD","LU0143863784.USD","LU0289961442.SGD","LU0029874905.USD"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1144447132","title":"Movement Alert｜BYD Company Rises 3.32% in Regular Trading, Intelligent Strategy Launch and Rumor Denial Boost Sentiment","url":"https://stock-news.laohu8.com/highlight/detail?id=1144447132","media":"Market Focus","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1144447132?lang=en_us&edition=fundamental","pubTime":"2026-05-29 13:52","pubTimestamp":1780033933,"startTime":"0","endTime":"0","summary":"On May 29, BYD Company rose 3.32% in regular trading, trading at HKD 93.25/share, with trading volume of HKD 2.456 billion, notably outperforming peers in the automobile sector.On the news front, BYD...","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["01211"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2639675646","title":"BUZZ-China's BYD climbs most in 4 weeks on assisted-driving push","url":"https://stock-news.laohu8.com/highlight/detail?id=2639675646","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2639675646?lang=en_us&edition=fundamental","pubTime":"2026-05-29 12:14","pubTimestamp":1780028075,"startTime":"0","endTime":"0","summary":"BUZZ-China's BYD climbs most in 4 weeks on assisted-driving push** Hong Kong shares of BYD Co 1211.HK climb 3% to HK$93, on course for the biggest one-day pct gain since April 29** Stock set to rise after two sessions of declines** Fifth biggest pct gainer in Hang Seng Auto Driving Index .HSAMI, which slips 0.8%** Shenzhen-listed stock 002594.SZ adds 3.8% to 99.5 yuan, the highest point since May 14** BYD announced on Thursday new service packages aimed at encouraging more drivers to use its 'God's Eye' assisted-driving system, aiming to achieve \"zero traffic accidents\" through intelligent-driving technology** The move marks the latest push by the world's largest EV maker to build trust in assisted-driving and boost adoption of its God's Eye system** The company also showed off a new self-developed 4-nanometer chip that supports L3 and L4 autonomous driving** YTD, Hong Kong stock down 3.2%, Shenzhen-listed shares down 1.1%, and benchmark Hang Seng Index .HSI down 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