Streetbeat News

BYDDF

BYD Co

http://www.byd.com/

Industry

Automobile Manufacturing

Open

33.52

Mkt cap

106B

Volume

12K

High

33.95

P/E Ratio

21.09

52-wk high

42.00

Low

33.42

Div yield

0.01

52-wk low

21.80

BYD Co Ltd reported a 31% increase in new energy passenger vehicle sales in July, despite a 4% drop in pure EV sales. The decline in BEV sales was offset by a 67% rise in hybrid vehicle sales. Li Auto, XPeng, and Nio also reported their July delivery numbers, with Li Auto leading the pack.

Portfolio Pulse from Anan Ashraf

August 02, 2024 | 7:11 am

BYD reported July vehicle sales of 342,383 units, with passenger vehicle sales at 340,799 units. Plug-in hybrid passenger EV sales were 210,799 units, and battery passenger EV sales were 130,000 units.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:19 pm

Uber has announced a multi-year agreement to bring 100,000 BYD electric vehicles (EVs) onto its platform. The companies will also collaborate on future BYD autonomous-capable vehicles to be deployed on the Uber platform.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:12 am

China's BYD has announced a price reduction of 50,000 Yuan on its hybrid SUV BAO 5, which is part of the Offroad FANGCHENGBAO lineup. This move is likely to impact the competitive landscape in the electric vehicle market.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:08 pm

Nissan has significantly reduced production at its Kyushu plant in Japan due to falling demand in the U.S. market. The company is struggling with high inventory levels and a lack of hybrid models, which has led to missed opportunities in the growing hybrid vehicle market. This follows a period of poor financial performance and a reduction in its full-year outlook.

Portfolio Pulse from Benzinga Neuro

July 29, 2024 | 12:24 pm

The rapid increase in new energy vehicles (NEVs) in China has led to financial challenges for insurers, who are struggling to turn a profit despite higher premiums. Factors such as higher loss ratios, expensive battery repairs, and increased mileage in ride-hailing contribute to the issue. The National Financial Regulatory Administration (NFRA) is considering reforms to allow more flexible premium settings.

Portfolio Pulse from Benzinga Neuro

July 29, 2024 | 1:56 am

BYD Company (OTC:BYDDY) is poised to surpass Tesla Inc. (NASDAQ:TSLA) in annual electric vehicle sales in 2024 due to growing demand in China, while demand in the U.S. and Europe wanes. Tesla reported its fourth consecutive quarter of disappointing profits and warned of a lower growth rate in 2024. Legacy automakers like General Motors Co. (NYSE:GM) and Ford Motor Co. (NYSE:F) may benefit from sustained profits in internal combustion engines and hybrids.

Portfolio Pulse from Shivani Kumaresan

July 24, 2024 | 2:00 pm

BYD Co., Ltd. (OTC:BYDDY) is set to debut two new models of its Song family, the 2025 Song Plus DM-i and Song L DM-i SUVs, featuring the latest DM 5.0 hybrid system on July 25. The company has seen significant sales growth in its new energy vehicles (NEVs), with the Song family leading the sales.

Portfolio Pulse from Nabaparna Bhattacharya

July 23, 2024 | 5:36 pm

The EV sector experienced a significant downturn this week, influenced by broader market trends and specific company developments. Tesla raised prices for its Model S and Model X, while Ford shifted its EV production plans. Hyzon Motors saw a sharp decline due to a stock offering, and BYD expanded its dealership network in Vietnam. Additionally, Donald Trump announced plans to end the EV mandate if elected, which could impact the industry.

Portfolio Pulse from Shanthi Rexaline

July 20, 2024 | 3:22 pm

BYD Co., Ltd. (OTC:BYDDY) plans to build an electric vehicle (EV) plant in Cambodia with a capacity to assemble 20,000 vehicles annually for domestic and international markets. This expansion follows BYD's previous market entries in Southeast Asia, including Thailand and Indonesia.

Portfolio Pulse from Nabaparna Bhattacharya

July 16, 2024 | 3:21 pm

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