CNBC
08 Oct 2026, 08:04 UTC · 2h ago
Huawei doubles down on smartphones as EV sales slow
Impact · against what's priced in
The news is primarily a negative catalyst for Seres Group as Huawei-powered vehicle deliveries decline sharply, though a new cooperation agreement provides a potential floor. BYD is the primary winner, gaining market share in a shrinking Chinese NEV market while its competitor, Huawei, faces a 29% YoY drop in September deliveries.
- BYDDF+0.40
No priced-in read yet
- In context
BYD is achieving double-digit sales gains and monthly deliveries above 400,000 units, contrasting sharply with the 29% YoY decline in Huawei-powered vehicle deliveries.
Read from the article alone
