BYD begins first PHEV deliveries in Korea; GS Global receives No. 1 unit

China's MIIT flagged Geely Auto's (0175) Xingyuan and BYD's (1211) Qin L DM-i for production conformity issues, including wheelbase deviation and higher fuel consumption. MIIT launched a 1-year auto quality campaign, citing these models as typical cases. The Xingyuan is Geely's best-selling model with 465,775 units sold in 2025.

BYD has installed 10,000 of its second-generation Flash Chargers in China, half of its 2026 target. The chargers, compatible with BYD's Blade Battery, can charge EVs from 10% to 97% in nine minutes. BYD plans to install the remaining 10,000 units by year-end, with partners like Sinopec and PetroChina. The chargers are also open to non-BYD brands, and BYD is expanding internationally, with 300 stations planned in the UK by year-end.

BYD announced its Flash Charging network has reached 10,000 stations in China, covering 325 cities, with 1.83 million users, 33% of whom use non-BYD vehicles. The company aims to build 20,000 stations by the end of 2026, with plans for 6,000 overseas, including 3,000 in Europe.

BYD, China's largest carmaker, is building a 4 billion euro factory in Hungary, aiming to produce 300,000 vehicles annually by 2026. This expansion challenges Germany's automotive industry, with BYD's sales and technological advancements pressuring Volkswagen, BMW, and Porsche. BYD's European sales surged 150% in a year, and its cost advantages are significant. Volkswagen is considering plant closures and job cuts to compete. The EU is proposing stricter rules for subsidies, but Chinese manufact

Boyd Gaming (BYD) reported Q4 2025 adjusted earnings of $2.21 per share, beating estimates by 14.18%, with revenue of $1.06 billion, up 2.0% YoY. GAAP net income fell to $140.40 million due to impairment charges and development costs, but share buybacks boosted per-share figures. Management remains optimistic about 2026, citing core customer strength and the $750.00 million Virginia resort project.

BYD, China's largest EV maker, unveiled the Fang Cheng Bao Ti 9, a large plug-in hybrid crossover with a 536-hp powertrain and 66.5 kWh battery offering 310 km electric range and 2,300 km total range. It will be sold as Leopard in some markets, with China sales starting before 2027.