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. (OTC:BYDDY) (OTC:BYDDF) has commenced production of its first hybrid SUVs at its Uzbekistan plant, marking a significant milestone. The company aims to drive green transportation in the region and has plans to expand its NEV industry in Central Asia. Additionally, BYD has started selling a third electric model in Japan.

Portfolio Pulse from Nabaparna Bhattacharya

June 28, 2024 | 4:53 pm

The Federal Reserve's Bowman suggests a potential rate hike if inflation efforts falter. NVIDIA sees a rebound after a recent sell-off, while Berkshire Hathaway reduces its stake in BYD.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 2:18 pm

Warren Buffett's Berkshire Hathaway is reducing its stake in BYD Co., Ltd. to less than 6%, despite BYD's record sales. Berkshire sold 2.02 million Hong Kong-listed shares of BYD, fetching $60.61 million. This follows an earlier sale of 1.3 million shares. BYD continues to see strong sales and profits.

Portfolio Pulse from Nabaparna Bhattacharya

June 25, 2024 | 2:05 pm

BYD Co Ltd has launched its third electric vehicle model, the BYD Seal sedan, in Japan, directly competing with Toyota's RAV4 PHEV. The Seal will be available in two variants, with deliveries starting in July and August. BYD is offering an introductory discount for the first 1,000 customers.

Portfolio Pulse from Anan Ashraf

June 25, 2024 | 12:18 pm

Chinese tech workers are facing intense pressure and overtime demands amid slow company growth and layoffs. JD.com founder Richard Liu warned employees against prioritizing work-life balance, indicating a push to eliminate underperforming IT engineers. Companies like Pinduoduo are being seen as models for rigorous work hours. Alibaba and Tencent have also laid off thousands of staff since 2021.

Portfolio Pulse from Benzinga Neuro

June 24, 2024 | 12:41 pm

Chinese automakers like BYD, Xiaomi, and Nio are using livestreaming to boost car sales, following a strategy similar to Tesla. This approach allows them to engage with younger consumers and showcase their vehicles' features in real-time, reducing traditional advertising costs.

Portfolio Pulse from Anusuya Lahiri

June 24, 2024 | 11:53 am

The EU's proposed tariffs on Chinese EVs are lower than expected, particularly for BYD, which faces a 17.4% tariff. This has led to a positive market reaction for BYD and other Chinese EV makers. The tariffs are not expected to significantly impact the profitability of these companies in Europe. Chinese EV companies are likely to set up factories in Europe to mitigate tariff and transport costs.

Portfolio Pulse from The Bamboo Works

June 21, 2024 | 3:07 pm

Canada is considering imposing tariffs on Chinese-made electric vehicles, following similar actions by the U.S. and the EU. This move aims to address China's overproduction of EVs and protect domestic industries.

Portfolio Pulse from Benzinga Neuro

June 21, 2024 | 9:58 am

BYD Co., Ltd. (OTC:BYDDF) (OTC:BYDDY) has achieved a milestone with over 1 million cumulative sales of its Yuan family models. The Yuan family, which includes the Yuan Up, Yuan Plus, and Yuan Pro SUVs, has significantly contributed to BYD's success in the new energy vehicle (NEV) market.

Portfolio Pulse from Nabaparna Bhattacharya

June 20, 2024 | 2:33 pm

XPeng CEO He Xiaopeng is in the U.S. testing Tesla's Full Self-Driving (FSD) software and comparing it with XPeng's Navigation Guided Pilot (XNGP). XPeng recently launched its flying car, the X2, in Beijing and revealed the first model from its sub-brand Mona, named Xpeng M03, which will use batteries from BYD. XPeng shares are trading slightly higher premarket.

Portfolio Pulse from Nabaparna Bhattacharya

June 20, 2024 | 11:39 am

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