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

The European Union (EU) has initiated an anti-subsidy investigation into Chinese electric vehicles (EVs), including exports from Tesla Inc. (NASDAQ:TSLA), BYD Co. Ltd. (OTCPK: BYDDF), and Nio Inc. (NYSE:NIO). The probe aims to determine the extent of subsidies provided by China to these manufacturers and implement countermeasures if necessary. The investigation could impact Tesla's operations and sales in Europe significantly, as almost half of Tesla's total deliveries in Western Europe are made-in-China vehicles.

Portfolio Pulse from Piero Cingari

September 26, 2023 | 2:32 pm

Toyota Motor plans to triple its electric vehicle production in 2025 from its 2024 plan, aiming to produce 600,000 units in 2025, up from a target of 190,000 units in 2024. This move is part of Toyota's strategy to catch up with rivals such as Tesla and BYD.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 4:43 pm

Chinese EV manufacturer BYD has filed 16 times more patents over the past 20 years than Tesla, according to Tokyo-based Patent Result. Tesla applied for 836 patents from its founding in 2003 to 2022, while BYD applied for over 13,000 during the same period.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 4:57 pm

Chinese EV maker NIO Inc. is raising $1 billion in new convertible debt to refinance existing debt and shore up operating capital. The announcement led to a drop in NIO's stock price. The debt issuance is part of NIO's strategy to increase net income and profit margins by an additional 50% before year-end. The company plans to bolster sales to up to 20,000 EVs per month and increase its capacity to sell up to 30,000 EVs per month.

Portfolio Pulse from Daniel Harrison

September 19, 2023 | 2:07 pm

Chinese EV manufacturer BYD Co Ltd announced it has produced half a million BYD Yuan vehicles. This announcement comes as Tesla Inc reported the production of its five millionth car. The two companies are closely rivaling in the EV market, with BYD's new energy vehicles including both hybrid and battery electric vehicles, unlike Tesla which only makes BEVs. In Q2, Tesla delivered 466,140 cars while BYD sold 703,561 units.

Portfolio Pulse from Anan Ashraf

September 18, 2023 | 6:49 am

The European Commission is considering imposing tariffs on Chinese electric vehicle (EV) imports, which could benefit European automakers like Renault SA and Stellantis N.V. due to reduced competition. However, German automakers like BMW AG, Mercedes-Benz Group AG, and Porsche Automobile Holding SE could face risks due to their exposure to the Chinese market. Chinese EV makers like BYD Co. Ltd., NIO Inc., and Li Group Inc. could also be negatively impacted.

Portfolio Pulse from Piero Cingari

September 13, 2023 | 8:01 pm

Shares of Chinese electric vehicle (EV) manufacturers are trading lower in the premarket following reports of potential tariffs by the European Union (EU). The companies mentioned include BYD Co Ltd (BYDDF), Li Auto Inc. (LI), NIO Inc. (NIO), and XPeng Inc. (XPEV).

Portfolio Pulse from Charles Gross

September 13, 2023 | 8:54 am

The European Commission has initiated an investigation to determine if tariffs are necessary on Chinese electric vehicle manufacturers that are benefiting from state subsidies. This could potentially impact Chinese EV manufacturers listed in the US, including BYD Co Ltd (BYDDF), Li Auto Inc. (LI), NIO Inc. (NIO), and XPeng Inc. (XPEV), as well as the iShares China Large-Cap ETF (FXI).

Portfolio Pulse from Charles Gross

September 13, 2023 | 8:52 am

Wall Street analysts have identified a Chinese electric vehicle (EV) that rivals Tesla's Model 3, at a significantly lower cost. The Seal, produced by China’s EV behemoth BYD Company Ltd., backed by Warren Buffett‘s Berkshire Hathaway, is giving Tesla’s Model 3 a run for its money. Analysts at UBS recently examined the BYD Seal and found that it competes with the Model 3 on many fronts but at a 10-20% lower selling price.

Portfolio Pulse from Benzinga Neuro

September 13, 2023 | 2:46 am

The global electric vehicle (EV) market share reached 15% in 2023, with a 41% YoY surge in July. Tesla Inc (NASDAQ:TSLA) and BYD (OTC:BYDDF) are among the top players, with Tesla Model Y and BYD Song being the top-selling EVs. Other companies in the top 10 include General Motors (NYSE:GM), Volkswagen (OTC:VWAGY), BMW (OTC:BMWYY), Li Auto (NASDAQ:LI), and Hyundai Motor (OTC:HYMLY). The US lags behind other markets with only 5.8% of all new vehicles sold in 2022 being EVs.

Portfolio Pulse from Chris Katje

September 11, 2023 | 9:40 pm

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