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

China's vehicle sales in August increased by 8.4% YoY, compared to a decrease of 1.4% in the previous month. New energy vehicle sales in China also rose by 27% YoY in August, according to the China Association of Automobile Manufacturers.

Portfolio Pulse from Charles Gross

September 11, 2023 | 9:22 am

Tesla's stock has been stuck in a range due to concerns about margin erosion and price cuts. Despite these cuts, volume growth has been elusive in key markets like China and Europe. Future Fund Managing Partner Gary Black highlighted several potential catalysts and risks for the stock, including the launch of new models, regulatory risks, and potential further price cuts.

Portfolio Pulse from Shanthi Rexaline

September 10, 2023 | 3:42 pm

China Passenger Car Association reported that car sales in China totaled 1.94 million units in August, marking a 2.2% YoY increase. Tesla exported China-made vehicles in August.

Portfolio Pulse from Charles Gross

September 08, 2023 | 8:43 am

Volkswagen's CEO, Oliver Blume, has dismissed concerns over the rising threat from Chinese electric vehicle (EV) makers, stating that European manufacturers hold an advantage due to their vehicle know-how, quality levels, and brand legacy. Despite the increase in EVs shipped to Germany from China, Blume remains confident in VW's competitive edge. He also highlighted VW's focus on reducing battery costs by 50% with its new unified cell, enabling cheaper EVs.

Portfolio Pulse from Benzinga Neuro

September 07, 2023 | 9:50 am

Tesla's China sales rose year-over-year and month-over-month in August, thanks to price cuts. Tesla sold 84,159 made-in-China electric vehicles in August, a 9.4% increase from the previous year and a 30.92% increase from July. This comes amid strong sales reported by domestic EV manufacturers, including Nio, XPeng, Li Auto, and BYD Company. However, Tesla's stock has been stuck since its Q2 results were reported on May 19, due to fears of a further hit to margins from the multiple price cuts.

Portfolio Pulse from Shanthi Rexaline

September 04, 2023 | 6:02 pm

Chinese EV manufacturer BYD Co Ltd., backed by Warren Buffett, reported an 86% increase in new energy vehicle deliveries for August, including plug-in hybrid and battery-electric vehicles. Battery-electric vehicle (BEV) sales reached 155,967 units in August, up 88% YoY and 11% MoM. Despite BYD's growth, Tesla Inc. continues to lead the Chinese market with a 60% YoY increase in sales, selling about 325,000 units through July. BYD's shares rose 0.4% in overseas trading, and its US-listed ADRs saw a 2.5% increase, while Tesla's stock fell about 2% in early trading Friday.

Portfolio Pulse from Benzinga Neuro

September 02, 2023 | 4:04 am

BYD Co reported its August passenger vehicle sales volume at 274,086 units, a significant increase from 173,977 units in the same period last year, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 10:39 am

Jabil Inc has reached a preliminary deal with Chinese EV maker BYD Co., Ltd. for the sale of its Mobility business in a potential transaction worth $2.2 billion. The proceeds from this transaction will be used for share buybacks and further investment in various sectors. The deal could see BE further penetrating Apple Inc's casing supply with higher market share. Jabil's shares traded higher by 6.57% at $110.00 premarket on the last check Monday.

Portfolio Pulse from Anusuya Lahiri

August 28, 2023 | 12:49 pm

Jabil Inc has reached a preliminary agreement for the potential sale of its Mobility business to BYD Electronic for $2.2 billion. This has resulted in a rise in Jabil's share prices.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 12:29 pm

Rivian Automotive Inc (NASDAQ:RIVN) is discontinuing several customization options for its vehicles starting mid-September to expedite production and deliveries. The discontinued options include certain color combinations, the compass yellow exterior option, and the choice of Black Mountain and Ocean Coast all-vegan leather interiors. The 20" All-Terrain Bright wheels will also no longer be available. However, customers expecting deliveries this year can confirm their preference for these options before mid-September. The company expects to produce 52,000 total units in 2023.

Portfolio Pulse from Anan Ashraf

August 28, 2023 | 10:37 am

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