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

According to a report by Counterpoint Research cited by Reuters, Chinese automakers sold 75% of electric vehicles (EVs) in Southeast Asia in Q1. The companies mentioned include BYD Co Ltd (BYDDF), Li Auto Inc. (LI), NIO Inc. (NIO), Tesla Inc. (TSLA), and XPeng Inc. (XPEV).

Portfolio Pulse from Charles Gross

July 20, 2023 | 11:43 am

Fisker Inc plans to produce 100 all-electric SUVs for the Indian market, joining Tesla Inc and BYD Co in the race for a share of India's EV market. The Fisker Ocean Extreme Vigyan Edition SUVs will be delivered in India in Q4 2023. The price in India will align with that of Europe, implying a price tag of about 6.5 million Indian rupees excluding import taxes and logistics. Fisker also plans to start delivering SUVs in China by Q1 2024.

Portfolio Pulse from Anan Ashraf

July 18, 2023 | 5:16 am

China's Q2 GDP growth of 6.3% year-over-year was lower than the expected 7.3%, causing unease among investors. The slower growth rate could impact Chinese stocks listed in the U.S., including Alibaba, Tencent, JD.com, BYD, and Nio. The iShares MSCI China ETF, which tracks U.S.-listed Chinese equities, ended down 1.71%.

Portfolio Pulse from Shanthi Rexaline

July 17, 2023 | 7:02 am

China's BYD has reportedly submitted a $1 billion investment proposal to build electric cars and batteries in India, in partnership with Megha Engineering and Infrastructures, according to Reuters.

Portfolio Pulse from Charles Gross

July 14, 2023 | 8:47 am

China’s largest EV maker, BYD Co Ltd, backed by Warren Buffett's Berkshire Hathaway, has proposed a $1 billion investment to build electric cars and batteries in India through a joint venture with a local engineering company. This move could challenge Tesla Inc’s dominance in the EV market and expand BYD's global presence. BYD has already invested $200 million in India and plans to manufacture 100,000 EVs annually in India over the next few years.

Portfolio Pulse from Arpit Nayak

July 14, 2023 | 8:36 am

Nio's CEO, William Li, has questioned the barriers faced by Chinese companies in the US market, despite Tesla's CEO Elon Musk receiving favorable treatment in China. Nio, along with other Chinese electric vehicle startups like BYD and XPeng, are expanding globally. Nio's shares were down 0.54% to $11.10.

Portfolio Pulse from Shanthi Rexaline

July 13, 2023 | 2:17 pm

Chinese electric vehicle maker BYD Co Ltd, backed by Warren Buffett, has unveiled BYD World, a metaverse showroom developed with California-based metaverse company MeetKai. The platform allows potential buyers to interact virtually with the BYD brand and its products. Currently available in Ecuador and Chile, it will be expanded to all Latin American countries in a few weeks.

Portfolio Pulse from Anan Ashraf

July 13, 2023 | 1:11 pm

The China Association of Auto Manufacturers (CAAM) has retracted its pledge to avoid abnormal pricing, citing antitrust law. This has led to a premarket drop in the shares of Chinese electric vehicle (EV) companies.

Portfolio Pulse from Charles Gross

July 10, 2023 | 8:49 am

According to the China Passenger Car Association, China's passenger vehicle sales fell 2.9% YoY in June to 1.91 million units. However, sales rose 2.5% in H1 to 9.65 million units.

Portfolio Pulse from Charles Gross

July 10, 2023 | 8:27 am

The pledge made by 16 automakers, including Tesla Inc., BYD Co, Li Auto, and Nio, to refrain from unsettling the China market with 'abnormal prices' has been retracted less than two days after its signing. The China Association of Auto Manufacturers, which organized the pledge, stated that the clause was inappropriate and violated the spirit of the anti-monopoly law. The association urged companies to set their own prices and compete fairly.

Portfolio Pulse from Anan Ashraf

July 08, 2023 | 9:44 am

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