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

Despite increased tariffs on Chinese EVs, foreign automakers are struggling to compete in China's EV market. Chinese EV makers like NIO and XPeng are advancing technologically and exploring new markets to mitigate tariff impacts. U.S.-listed Chinese EV stocks have seen significant price movements this year.

Portfolio Pulse from Benzinga Neuro

July 16, 2024 | 8:40 am

Chinese EV manufacturers are pivoting to Africa due to increased tariffs from the EU and US. Neta Auto has opened its first African store in Kenya and plans further expansion. Despite the tariffs, companies like BYD, NIO, XPeng, and Li Auto continue to grow globally.

Portfolio Pulse from Benzinga Neuro

July 08, 2024 | 11:00 am

BYD Co., Ltd. (OTC:BYDDY) is under scrutiny in Thailand for aggressive discounting practices that have led to customer dissatisfaction. The Thai consumer protection agency has received around 70 complaints. BYD's CEO has assured fair future pricing and assistance for affected customers. Additionally, Denza, BYD's premium brand, has unveiled details of its new Z9GT model.

Portfolio Pulse from Nabaparna Bhattacharya

July 05, 2024 | 3:02 pm

Chinese automakers are gaining market share in the UK, with significant increases in vehicle registrations, while US automakers like Tesla and Ford are seeing declines. This shift is attributed to aggressive pricing strategies by Chinese EV makers amid economic slowdowns at home.

Portfolio Pulse from Anan Ashraf

July 05, 2024 | 2:59 pm

Nissan and Honda are considering a partnership to develop automotive software and EV charging infrastructure to enhance their competitiveness in the electric vehicle market. This move aims to help them catch up with competitors like Tesla and BYD.

Portfolio Pulse from Benzinga Neuro

July 05, 2024 | 2:59 pm

BYD is set to surpass Tesla in BEV sales by 2024, driven by strong growth in the Chinese market. BYD reported a 21% increase in EV sales in Q2, while Tesla's deliveries declined by 4.8%. The EU plans to impose additional tariffs on Chinese EV companies, which may push them towards emerging markets.

Portfolio Pulse from Nabaparna Bhattacharya

July 03, 2024 | 1:13 pm

Warren Buffett-backed Chinese EV giant BYD is opening its first Southeast Asia factory in Thailand, coinciding with new EU tariffs on Chinese EVs. The $486 million facility aims to export most of its 150,000 annual capacity to Southeast Asia and Europe. Despite challenges, including reduced profit forecasts and Berkshire Hathaway reducing its stake, BYD continues its aggressive international growth strategy.

Portfolio Pulse from Benzinga Neuro

July 03, 2024 | 8:24 am

BYD Company (OTC:BYDDF) has partnered with French car-leasing firm Ayvens SA to distribute its electric vehicles in Europe, initially targeting France, the Netherlands, Belgium, and Luxembourg. The partnership aims to provide tailored EV fleet solutions and white-labelled leasing services. BYD is also increasing its presence in Europe by sponsoring Euro 2024 and building a factory in Hungary. However, BYD faces regulatory challenges as the EU plans to impose tariffs on Chinese-made EVs.

Portfolio Pulse from Shivani Kumaresan

July 02, 2024 | 3:58 pm

BYD Co., Ltd. has launched five electric vehicle models in Tunisia, expanding its presence in the African market. The launch includes three battery electric vehicles (BEVs) and two plug-in hybrid electric vehicles (PHEVs). This move follows a visit by the Tunisian President to BYD's headquarters and marks a significant step in BYD's international expansion.

Portfolio Pulse from Nabaparna Bhattacharya

July 02, 2024 | 2:37 pm

The electric vehicle (EV) sector saw significant developments this week, including Tesla's upcoming Q2 deliveries, Rivian's partnership with Volkswagen, and Nikola's deal with Walmart Canada. Tesla's delivery numbers are anticipated with mixed expectations, Rivian's stock surged on a financing deal, and Nikola delivered its hydrogen fuel-cell trucks to Walmart Canada. Other notable mentions include BYD's new plant in Uzbekistan and Ford's plans for a low-cost EV.

Portfolio Pulse from Shanthi Rexaline

June 29, 2024 | 1:48 pm

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