Streetbeat News

BYDDF

BYD Co

http://www.byd.com/

Industry

Automobile Manufacturing

Open

33.52

Mkt cap

106B

Volume

12K

High

33.95

P/E Ratio

21.09

52-wk high

42.00

Low

33.42

Div yield

0.01

52-wk low

21.80

BYD Co Ltd surpassed Tesla in quarterly revenue for the first time since 2022, reporting $28.25 billion compared to Tesla's $25.18 billion. Despite this, Tesla remains ahead in net profit and BEV sales.

Portfolio Pulse from Anan Ashraf

October 31, 2024 | 10:17 am

Volkswagen's chief marketing officer for China, Jochen Sengpiehl, was deported from China after testing positive for cannabis. This incident highlights the strict cannabis laws in China and could impact Volkswagen's market strategy in the region. Volkswagen faces competition from local manufacturers like BYD, which has overtaken it as China's best-selling car brand.

Portfolio Pulse from Nina Zdinjak

October 22, 2024 | 2:35 pm

Apple had a secret partnership with BYD to develop long-range EV batteries, spending nearly $1 billion annually on the project before abandoning it. The collaboration influenced BYD's current battery technology, but Apple has since moved on to other battery systems.

Portfolio Pulse from Ananya Gairola

October 17, 2024 | 2:35 am

Chinese carmakers, including Xpeng and GAC, have downplayed fears of challenging European legacy manufacturers with cheaper EVs, emphasizing their long-term commitment to the European market. This comes amid EU tariffs on Chinese EVs and potential trade tensions.

Portfolio Pulse from Benzinga Neuro

October 15, 2024 | 1:17 am

BYD criticized the EU's proposed tariffs on Chinese-made EVs at the Paris Car Show, warning of increased costs and market impact. The tariffs aim to counter alleged unfair subsidies from China, but have sparked debate and concerns over trade tensions.

Portfolio Pulse from Benzinga Neuro

October 14, 2024 | 12:45 pm

BYD aims to sell 100,000 EVs in Mexico by 2025, despite potential 200% tariffs on Chinese-made cars proposed by Donald Trump. The company plans to announce its first Mexican factory location by year-end, initially producing 150,000 vehicles. BYD is seeking tariff relief and exploring global markets amid trade challenges.

Portfolio Pulse from Benzinga Neuro

October 09, 2024 | 10:19 am

Macquarie Equity Research has issued a positive outlook for the Chinese EV market, highlighting benefits for BYD and Nio from a $142 billion stimulus package. BYD is expected to see significant growth due to new model launches and overseas expansion, while Nio's battery-as-a-service model shows promise. Li Auto faces challenges with no new models and a shift towards BEVs, leading to a downgrade to Neutral.

Portfolio Pulse from Stjepan Kalinic

October 04, 2024 | 8:00 pm

The European Union is set to impose tariffs of up to 45% on Chinese-made electric vehicles for the next five years, aiming to protect European carmakers from rising competition. This decision comes despite concerns about potential retaliation from China.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 2:56 pm

The European Union has approved tariffs of up to 35.3% on Chinese-made battery electric vehicles, impacting companies like Tesla, BYD, Nio, and Xpeng. The tariffs aim to counteract alleged unfair subsidies and protect European manufacturers.

Portfolio Pulse from Anan Ashraf

October 04, 2024 | 11:36 am

BYD Co Ltd reported a 46% increase in September sales of new energy passenger vehicles, driven by a significant rise in plug-in hybrid sales. The company sold 417,603 vehicles, with plug-in hybrid sales up 86.2% and pure EV sales up 9%. BYD remains a key competitor to Tesla in the EV market.

Portfolio Pulse from Anan Ashraf

October 01, 2024 | 11:40 am

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