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

Tesla's stock soared 10% amid CEO Elon Musk's visit to China, while Lucid Group's stock slumped due to a common stock offering. Ford announced a partnership with Uber to lease Mustang Mach-E EVs to Uber drivers, and Chinese EV companies Nio, XPeng, and Li Auto reported mixed delivery numbers for May.

Portfolio Pulse from Shanthi Rexaline

June 03, 2023 | 1:14 pm

Nvidia CEO Jensen Huang is expected to visit Shanghai on June 6, meeting executives from Tencent, ByteDance, Xiaomi, BYD, and Li Auto. Huang expressed confidence in China's ability to catch up in chip technology despite the US embargo. China accounted for over 20% of Nvidia's sales in its latest financial year.

Portfolio Pulse from Anusuya Lahiri

June 02, 2023 | 12:29 pm

China's cabinet plans to extend and optimize the purchase tax exemption for new energy vehicles, according to Reuters citing state media.

Portfolio Pulse from Charles Gross

June 02, 2023 | 10:45 am

Tesla and BYD are leading the transition to electric vehicles, while Japanese automakers lag behind, according to a report by The International Council on Clean Transportation. The report evaluated 20 manufacturers based on their light-duty sales in 2022, actions, and zero-emission vehicle strategies.

Portfolio Pulse from Anan Ashraf

June 01, 2023 | 12:07 pm

Chinese automaker Geely is considering entering Thailand's electric vehicle (EV) market, including importing and local manufacturing. Thailand's Board of Investment held discussions with five major Chinese EV makers, including Geely and BYD, in April. Thailand aims to convert 30% of its annual production of 2.5 million vehicles into EVs by 2030.

Portfolio Pulse from Anusuya Lahiri

May 31, 2023 | 2:07 pm

President Biden and House Speaker McCarthy agreed on a budget deal, raising hopes of avoiding a debt default. Paul Krugman criticized Florida Governor DeSantis for his stance against CBDCs. Apple and Meta are expected to face off in the mixed-reality headset market. Bitcoin may hit a new all-time high, according to a crypto trader. Turkish President Erdogan won the runoff election.

Portfolio Pulse from Shanthi Rexaline

May 30, 2023 | 2:59 pm

Tesla CEO Elon Musk visits China for the first time in three years, focusing on the Giga Shanghai factory and meeting key Chinese officials. The visit is crucial for Tesla's expansion in the world's largest EV market amid intensifying competition from domestic companies like BYD, Nio, and Xpeng.

Portfolio Pulse from Shanthi Rexaline

May 30, 2023 | 12:45 pm

BYD has outbid Tesla to supply electric vehicles (EVs) for Blue Bird, Indonesia's largest taxi operator. This deal strengthens BYD's presence in the Southeast Asian market.

Portfolio Pulse from Charles Gross

May 30, 2023 | 9:06 am

Elon Musk, CEO of Tesla, has praised the cars of Warren Buffett-backed Chinese EV-maker BYD Company, calling them 'highly competitive.' This comes as Tesla faces increasing pressure from growing competitors in the EV market, including BYD, which has shown staggering growth in sales and is rapidly catching up with Tesla.

Portfolio Pulse from Navdeep Yadav

May 27, 2023 | 8:22 am

Amazon Prime Video mocks Netflix's password crackdown with a meme, while Tesla faces safety concerns due to leaked data revealing thousands of complaints about self-acceleration and braking issues. Elon Musk's Neuralink receives FDA approval for human trials, and YouTube discontinues its Stories feature.

Portfolio Pulse from Vandana Singh

May 26, 2023 | 12:42 pm

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