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

Berkshire Hathaway, led by Warren Buffett, has reduced its stake in Chinese electric vehicle maker BYD by selling 1.3 million Hong Kong-listed shares for HK$ 310.5 million ($39.8 million). This sale reduces Berkshire's stake in BYD to 6.90%. The reduction is part of a series of divestments over the years.

Portfolio Pulse from Shanthi Rexaline

June 17, 2024 | 12:55 pm

BYD's sub-brand Fang Cheng Bao has unveiled the Bao 3 EV model, which is now listed in China's MIIT catalog for sales approval. BYD remains a strong competitor to Tesla in the Chinese market, having surpassed Tesla in BEV sales in the last quarter of 2023.

Portfolio Pulse from Nabaparna Bhattacharya

June 14, 2024 | 6:41 pm

BYD Fang Cheng Bao has released official images of the Bao 3 after core specifications were revealed in a regulatory filing. This development highlights BYD's ongoing innovation and expansion in the electric vehicle market.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 6:37 pm

Chinese automakers, led by Warren Buffett-backed BYD, have outsold U.S. brands for the first time, selling 13.4 million vehicles compared to 11.9 million by American brands. This growth is driven by competitive pricing and expansion into emerging markets, despite rising trade tensions and increased tariffs on Chinese EVs.

Portfolio Pulse from Benzinga Neuro

June 14, 2024 | 11:01 am

A Bain & Co. partner has warned that the ongoing price wars among Chinese EV manufacturers in overseas markets could jeopardize product quality and brand reputation. The European Union's decision to impose additional tariffs on Chinese-made EVs could further challenge companies like BYD, Nio, Li Auto, and XPeng.

Portfolio Pulse from Benzinga Neuro

June 13, 2024 | 12:55 pm

BYD Co., Ltd. (OTC:BYDDY) maintained its dominance in China's new energy vehicle (NEV) market in May with a 33.4% market share, while Tesla, Inc. (NASDAQ:TSLA) made significant gains, securing third place with a 6.9% market share. Tesla's retail sales in China increased by 29.9% year-on-year.

Portfolio Pulse from Nabaparna Bhattacharya

June 13, 2024 | 12:47 pm

The European Union has introduced new tariffs on Chinese electric vehicles, impacting companies like BYD, Nio, Li Auto, and XPeng. Despite the tariffs, BYD is expected to remain competitive due to its cost advantages. The tariffs could accelerate localization plans for Chinese EV makers in the EU and have broader implications for the global automotive industry.

Portfolio Pulse from Benzinga Neuro

June 13, 2024 | 9:31 am

China has vowed to protect its interests against the European Union's potential imposition of tariffs on Chinese electric vehicles (EVs). The EU plans to apply provisional duties of up to 25% on Chinese EV imports starting next month, which could escalate to 35%. This move aims to counteract Chinese government subsidies to its manufacturers. Companies like BYD Co, SAIC, Tesla, Volkswagen, Stellantis, Mercedes Benz, and NIO will be impacted. Reactions from these companies and industry experts are mixed, with concerns about market impact and potential retaliatory measures from China.

Portfolio Pulse from Benzinga Neuro

June 12, 2024 | 1:12 pm

The European Commission plans to impose tariffs of up to 25% on Chinese electric vehicles, impacting companies like NIO Inc, Li Auto Inc, XPeng Inc, and Tesla Inc. This move aims to counteract Chinese government subsidies and could escalate to 35%. The tariffs are expected to generate over $2.15 billion annually for the EU budget. NIO and Li Auto stocks traded lower following the news, while XPeng's stock price remained unaffected.

Portfolio Pulse from Anusuya Lahiri

June 12, 2024 | 12:23 pm

The European Commission will impose additional duties of up to 25% on imported Chinese electric vehicles starting next month. This move could impact several car makers and ETFs with exposure to the Chinese EV market.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 9:33 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.