Streetbeat News

BYDDF

BYD Co

http://www.byd.com/

Industry

Automobile Manufacturing

Open

49.00

Mkt cap

155B

Volume

59K

High

50.10

P/E Ratio

31.12

52-wk high

52.00

Low

49.00

Div yield

0.01

52-wk low

24.35

Chinese automakers are gaining ground in the UK, with BYD seeing a 2500% jump in registrations, while Tesla and Ford face declines. Increased competition and price wars are impacting the market, with Western nations considering tariffs to protect domestic players.

Portfolio Pulse from Anan Ashraf

May 30, 2024 | 10:40 am

Legacy automakers Stellantis and General Motors are planning to introduce more affordable electric vehicles in the U.S. to counter the growing threat from Chinese EV manufacturers. Stellantis aims to launch a $25,000 electric Jeep, while GM plans to reintroduce the Chevrolet Bolt by 2025. This move is driven by the increasing competition from Chinese and South Korean automakers.

Portfolio Pulse from Anan Ashraf

May 30, 2024 | 7:30 am

NIO Inc. (NYSE:NIO) shares are trading lower in the premarket session on Wednesday, having lost over 30% in the past six months. BofA Securities analyst Ming Hsun Lee maintained a Neutral rating on NIO and lowered the price target from $6.5 to $5.9. NIO is expanding in Europe with a new NIO House in the Netherlands. China is allocating around RMB6 billion yuan ($830 million) for R&D in all-solid-state batteries, with NIO being a notable player in this space. NIO's 150-kWh semi-solid-state battery, introduced in 2021, is currently in trial operations.

Portfolio Pulse from Nabaparna Bhattacharya

May 29, 2024 | 12:48 pm

China is set to allocate over $830 million to advance solid-state battery technology, benefiting key suppliers like Tesla's CATL and Nio-backed WeLion. This investment aims to enhance safety, lifespan, and charging speed of batteries, potentially unlocking a multi-trillion yuan market.

Portfolio Pulse from Anan Ashraf

May 29, 2024 | 12:15 pm

President Joe Biden has increased tariffs on Chinese electric vehicles to 100% to protect American automakers. Despite this, BYD's budget-friendly Seagull model may remain competitively priced. BYD has overtaken Tesla as the largest global EV manufacturer and plans to introduce the Seagull in Europe next year. The Seagull's arrival is expected to intensify competition among European automakers.

Portfolio Pulse from Nabaparna Bhattacharya

May 28, 2024 | 1:22 pm

A study by AutoPacific reveals that 76% of Americans under 40 are open to buying Chinese EVs despite data privacy concerns. The Biden administration has increased tariffs on Chinese EVs to over 100%, impacting companies like BYD Co Ltd.

Portfolio Pulse from Anan Ashraf

May 28, 2024 | 11:51 am

Zhejiang Geely Holding Group (OTC:GELLY) has entered the global top 10 for auto sales in Q1 2024, marking a first for a Chinese carmaker. Geely sold 730,000 vehicles, a 27% year-on-year growth, driven by strong electric vehicle exports. The company surpassed Mercedes-Benz and BMW in the rankings. Geely's EV arm, Zeekr Intelligent Technology Holding Limited (NYSE:ZK), aims to double car deliveries in 2024.

Portfolio Pulse from Benzinga Neuro

May 28, 2024 | 9:36 am

BYD Co., Ltd. (OTC:BYDDF) (OTC:BYDDY) is set to unveil its fifth-generation DM hybrid technology, which promises a vehicle range of up to 2,000 kilometers. The new technology will be launched on May 28, and the company plans to transition to this model gradually. BYD's shares closed lower by 2.82% to $27.21 on Thursday.

Portfolio Pulse from Nabaparna Bhattacharya

May 24, 2024 | 11:00 am

BYD Co. (OTC:BYDDF) is set to launch its budget-friendly Seagull EV in Europe, challenging local automakers with a sub-$21K price tag. The move intensifies competition in the EV market, particularly affecting Tesla (NASDAQ:TSLA) and other European manufacturers.

Portfolio Pulse from Benzinga Neuro

May 22, 2024 | 6:50 am

BYD Co. faces a strike at its Wuxi factory in China as workers protest against a new work schedule that reduces their income. The strike highlights labor issues in China and comes at a time when BYD is expanding its global market presence.

Portfolio Pulse from Benzinga Neuro

May 21, 2024 | 9:19 am

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