American Eagle Shares Drop 13% on Weak Holiday Forecast
Shares of American Eagle Outfitters Inc. declined significantly by over 13% following the company’s release of weaker-than-expected …
- December 8, 2024 8:22 am
- California
June 8, 2021: -Chinese automaker BYD announced Monday it shipped off the first batch of vehicles for planned delivery of nearly 1,500 electric cars to Norway by the end of this year.
Backed by U.S. billionaire Warren Buffett, the company said 100 units of its all-electric Tang SUV shipped on Monday from Shanghai and are set to arrive at dealerships in Norway toward the end of the summer.
According to BYD, the cars are slated to sell for 599,900 Norwegian kroner each. The company further said it would work with Scandinavian car distributor RSA for deliveries and customer service.
Chinese electric car start-ups Xpeng and Nio are also making inroads into Norway. Electric vehicles are now dominating new passenger car sales for the previous three years, per the Norwegian Road Federation.
Xpeng said it delivered above 300 units of its G3 SUV to Norway in the first quarter, after sending 100 cars to the market in December. The start-up plans to deliver an unspecified amount of its P7 sedan to the market in the second half of the year.
Nio plans to begin delivering its ES8 SUV to Norway in September, with the ET7 sedan set for local deliveries in 2022. In addition, the company is set to open a flagship “Nio House” store in Oslo in the third quarter.
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