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, backed by Warren Buffett, partners with Huawei to integrate advanced autonomous driving systems into its off-road EVs. This move aims to boost sales of BYD's premium brands, despite potential regulatory challenges in the U.S.

Portfolio Pulse from Benzinga Neuro

August 27, 2024 | 9:54 am

Chinese EV maker BYD is considering three Mexican states for a new manufacturing plant, evaluating various state incentives. The plant will initially produce 150,000 units, with plans to expand. The facility will focus on the Mexican market, with no current plans for U.S. market entry.

Portfolio Pulse from Nabaparna Bhattacharya

August 22, 2024 | 4:51 pm

Chinese EV stocks, including NIO, XPeng, Li Auto, and Lucid Motors, rose after China criticized EU tariffs and pledged industry support. The EU imposed additional tariffs on BEV imports but reduced duties for major automakers like Tesla. China's stimulus plans and trade-in programs are boosting EV sales.

Portfolio Pulse from Anusuya Lahiri

August 21, 2024 | 4:23 pm

Denza, a premium NEV brand under BYD, has launched pre-sales for its Z9GT hatchback with competitive pricing, aiming to boost sales. The Z9GT, featuring BYD's e3 technology, will start deliveries in September. Denza is a joint venture between BYD and Mercedes, with BYD holding a 90% stake.

Portfolio Pulse from Nabaparna Bhattacharya

August 21, 2024 | 2:41 pm

The European Union has reduced tariffs on Tesla's China-made electric vehicles to 9%, significantly lower than those for other Chinese automakers like SAIC, Geely, and BYD. This move could give Tesla a competitive advantage in the European market amid ongoing trade tensions.

Portfolio Pulse from Benzinga Neuro

August 21, 2024 | 9:14 am

BYD Co., Ltd. (OTC:BYDDY) is set to establish an electric vehicle (EV) plant in Pakistan, aiming to expand its global market presence. The company will display three models at its brand launch and plans to introduce battery-electric and plug-in hybrid vehicles. The plant, located near Karachi’s Port Qasim, is expected to be completed by the first half of 2026. BYD has partnered with Mega Conglomerate Pvt. and plans to open showrooms in Karachi, Lahore, and Islamabad, with sales starting in Q4 2023. The news also mentions competition from Toyota (NYSE:TM) and Honda (NYSE:HMC) in Pakistan.

Portfolio Pulse from Nabaparna Bhattacharya

August 16, 2024 | 3:07 pm

The global electric vehicle (EV) market continues to grow, with China leading the charge with a 31% increase in sales over the past year. In contrast, EV sales in the EU and UK have declined by 8%. Tesla's sales in China surged by 15% year-on-year in July, despite a dip in the overall NEV market. The European Commission has imposed provisional tariffs on Chinese EV imports, which will have a lesser impact on Tesla and BYD. BYD's pure EV sales fell by nearly 4% in July, raising concerns about EV demand.

Portfolio Pulse from Lekha Gupta

August 13, 2024 | 1:56 pm

Toyota Motor Corp (NYSE:TM) has seen a significant decline in its stock price, now trading at $168, which is 33% below its 52-week high. The downturn is attributed to a broader sell-off in Japanese equities and unwinding of speculative yen carry trades. Despite no immediate rate hikes from the Bank of Japan, Toyota faces challenges including reliance on hybrid technology and certification irregularities. Technical indicators show a bearish trend, with the stock below key moving averages.

Portfolio Pulse from Surbhi Jain

August 09, 2024 | 6:07 pm

The U.S. Commerce Department is preparing a proposal to ban Chinese software in autonomous and connected vehicles, citing national security concerns. This move could impact Chinese companies like WeRide Inc. (NASDAQ:HSAI), Baidu (NASDAQ:BIDU), BYD (OTC:BYDDF), NIO (NYSE:NIO), and XPeng Inc. (NYSE:XPEV), which are involved in autonomous driving technology.

Portfolio Pulse from Benzinga Neuro

August 05, 2024 | 7:34 am

The EV sector faced selling pressure last week amid a broader market downturn. Tesla's stock dipped despite strong sales in China and positive updates on its FSD technology. Uber partnered with BYD to introduce 100,000 new EVs to its platform. Lucid Motors provided an update on its Gravity SUV production. Ford reported a significant increase in EV sales for July. The KraneShares Electric Vehicles and Future Mobility Index ETF fell 3.47% for the week.

Portfolio Pulse from Shanthi Rexaline

August 03, 2024 | 5:30 pm

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