Streetbeat News

BYDDF

BYD Co

http://www.byd.com/

Industry

Automobile Manufacturing

Open

35.50

Mkt cap

109B

Volume

111

High

35.50

P/E Ratio

21.59

52-wk high

42.00

Low

35.40

Div yield

0.01

52-wk low

21.80

BYD Americas has clarified that it has not postponed any decisions regarding its plant in Mexico, according to a statement reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 6:06 pm

China's leading electric vehicle manufacturer, BYD Co., has decided to delay announcing a major plant investment in Mexico until after the US election. This decision is influenced by the uncertainty in American policy, prompting a cautious approach from global businesses.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 2:33 pm

BYD Co., Ltd. has launched its first store in Suriname, marking its entry into the South American market. This expansion is part of BYD's strategy to capitalize on the global shift towards electrification. The company has introduced four models in Suriname and aims to expand its dealer network in Brazil significantly by the end of 2024.

Portfolio Pulse from Nabaparna Bhattacharya

September 03, 2024 | 2:19 pm

Tesla's stock is rising in premarket trading due to strong China sales in August, with a 17% increase from July. This performance aligns with domestic rivals like BYD, while Nio and Li Auto saw declines. Tesla's zero-interest financing may have contributed to the sales boost.

Portfolio Pulse from Shanthi Rexaline

September 03, 2024 | 11:20 am

Chinese EV makers reported steady sales in August amid intense competition. XPeng showed strong growth, while Nio and Li Auto saw slight declines from July. BYD's plug-in hybrids performed well. Tesla faces challenges in China due to competition and lack of low-end models.

Portfolio Pulse from Shanthi Rexaline

September 01, 2024 | 7:18 pm

BYD reported a significant increase in both vehicle production and sales for August, with production rising to 366,973 units from 284,926 units year-over-year, and sales increasing to 373,083 units from 274,386 units year-over-year.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2024 | 11:55 am

The EV sector saw mixed results this week with Tesla extending its zero-interest financing in China, Rivian facing a fire incident, and XPeng surging due to strong demand for its new model. Lucid is working on affordable EVs, and BYD plans to expand internationally.

Portfolio Pulse from Shanthi Rexaline

August 31, 2024 | 1:33 pm

China's autonomous vehicle push raises job security concerns, but experts suggest new job opportunities will emerge. Tesla, Baidu, and other companies are advancing in the robotaxi market, with Tesla delaying its robotaxi unveiling to October.

Portfolio Pulse from Benzinga Neuro

August 30, 2024 | 6:24 am

Grab Holdings plans to add over 1,000 BYD electric vehicles to its Indonesian fleet, following Uber's lead in expanding green rides. This move is part of Grab's strategy to grow its mobility services and enhance its app with AI features. Despite a 17% revenue increase, Grab's stock has declined 15% over the past year.

Portfolio Pulse from Anusuya Lahiri

August 29, 2024 | 2:15 pm

J.D. Vance criticized Kamala Harris and the Democratic Party for allowing a Chinese battery plant by Gotion in Michigan, linking it to the Inflation Reduction Act. The plant, a significant economic project, has faced opposition due to national security concerns. The issue highlights U.S.-China economic tensions and scrutiny over Chinese investments.

Portfolio Pulse from Benzinga Neuro

August 28, 2024 | 2:11 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.