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

Chinese EV companies Nio, XPeng, and Li Auto saw a premarket surge due to strong delivery numbers for September and Q3. Nio and XPeng are expanding into the mass market, while Li Auto continues to perform well. Tesla's upcoming delivery report is also anticipated.

Portfolio Pulse from Shanthi Rexaline

October 01, 2024 | 11:33 am

BYD is recalling nearly 97,000 EVs due to overheating risks in the CEPS system, potentially causing fires. The recall affects Dolphin and Yuan PLUS models produced between November 2022 and December 2023. BYD will fix the issue at no cost to customers.

Portfolio Pulse from Anan Ashraf

September 30, 2024 | 6:17 am

BYD Co. has reached a significant milestone by producing its 9 millionth new energy vehicle (NEV), a red Yangwang U9 supercar. This achievement highlights BYD's rapid growth in the NEV market, having produced its 8 millionth NEV just two months prior. The company has also surpassed Tesla in battery electric vehicle sales in the last quarter of 2023.

Portfolio Pulse from Anan Ashraf

September 26, 2024 | 11:06 am

BYD, a Chinese electric vehicle manufacturer and Tesla rival, plans to establish its first South Asian assembly plant in Pakistan after being rejected by India. The plant, expected to be operational by 2026, is a collaboration with Pakistan's Hub Power. BYD aims to sell 100,000 electric cars annually in Pakistan by 2030, as part of its broader international expansion strategy.

Portfolio Pulse from Benzinga Neuro

September 23, 2024 | 3:22 am

Tesla, Nio, and XPeng are competing in the EV market with different strategies. Tesla is focusing on robotaxis and affordable vehicles, while Nio and XPeng are targeting price-sensitive consumers in China. Tesla remains dominant, but Nio and XPeng are gaining momentum.

Portfolio Pulse from Surbhi Jain

September 20, 2024 | 2:36 pm

The European Union plans to vote on September 25 to potentially raise tariffs on electric vehicles imported from China. This move could impact Chinese EV manufacturers and related markets.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 5:14 pm

BYD's investment in Turkey is progressing well despite China's advisory against overseas investments. Turkish Industry Ministry sources confirm ongoing talks with other Chinese carmakers for further investments in Turkey.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 2:33 pm

Chinese EV manufacturers, including BYD and Geely, are showcasing their products at the Frankfurt trade fair to counteract global trade barriers and expand their presence in international markets. Despite tariffs from the EU, US, and Canada, Chinese automakers are investing in overseas expansion and exploring new markets.

Portfolio Pulse from Benzinga Neuro

September 10, 2024 | 7:22 am

Tesla strengthens its US market position with a 23% sales increase in August, despite a slight dip in market share. In Germany, Tesla's market share drops by 2.7%, while China's EV market sees unprecedented growth with Tesla facing strong competition from domestic brands like BYD and XPeng.

Portfolio Pulse from Surbhi Jain

September 05, 2024 | 8:35 pm

BYD Co., Ltd. is delaying its investment in a Mexican car production facility until after the U.S. elections, due to uncertainties in American policies. The decision reflects a cautious approach amid potential changes in U.S. trade policies, especially concerning tariffs on Mexican-made products.

Portfolio Pulse from Nabaparna Bhattacharya

September 03, 2024 | 6:09 pm

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