Streetbeat News

BYDDY

BYD Co

http://www.byd.com/

Open

100.09

Mkt cap

156B

Volume

274K

High

102.98

P/E Ratio

31.99

52-wk high

103.38

Low

100.09

Div yield

0.01

52-wk low

50.00

Chinese EV startups Nio, XPeng, and Li Auto have significantly increased their R&D spending, with Nio and XPeng reporting net losses. In comparison, Tesla and BYD have lower R&D expenses as a percentage of revenue but higher vehicle deliveries. American startups Rivian and Lucid also reported high R&D costs and net losses.

Portfolio Pulse from Anan Ashraf

August 05, 2024 | 12:06 pm

Tesla registrations in the UK fell by 13% till the end of July, with a 22% drop in July alone. Ford also saw a 31% dip in new registrations last month. In contrast, Chinese EV maker BYD saw an 848% increase in registrations, and MG Motor saw a 2.7% rise. Volkswagen was the best-selling brand in the UK in July.

Portfolio Pulse from Anan Ashraf

August 05, 2024 | 10:11 am

Berkshire Hathaway's cash position has increased to $277 million, sparking speculation about potential investments, including Tesla. However, fund manager Gary Black notes that Warren Buffett's value investing strategy is unlikely to align with Tesla's high valuation. Despite social media buzz, Buffett has historically preferred stocks with lower price-earnings multiples.

Portfolio Pulse from Shanthi Rexaline

August 04, 2024 | 5:12 pm

The EV sector faced selling pressure last week amid a broader market downturn. Tesla's stock dipped despite strong sales in China and positive updates on its FSD technology. Uber partnered with BYD to introduce 100,000 new EVs to its platform. Lucid Motors provided an update on its Gravity SUV production. Ford reported a significant increase in EV sales for July. The KraneShares Electric Vehicles and Future Mobility Index ETF fell 3.47% for the week.

Portfolio Pulse from Shanthi Rexaline

August 03, 2024 | 5:30 pm

Tesla's China sales surged 15% year-on-year in July, selling 74,117 vehicles, despite a slight dip in the overall NEV market. This marks a 4.38% increase from June. Tesla's Shanghai factory continues to be a key production and export hub.

Portfolio Pulse from Nabaparna Bhattacharya

August 02, 2024 | 11:41 am

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

Tesla CEO Elon Musk has warned that BYD, a Chinese EV maker backed by Warren Buffett's Berkshire Hathaway, needs to change its approach to vehicle autonomy quickly to avoid becoming obsolete. This comes after a BYD spokesperson stated that fully autonomous driving is 'basically impossible.' The warning coincides with Uber's announcement of a partnership with BYD to bring 100,000 new BYD vehicles onto its platform and collaborate on future autonomous-capable vehicles.

Portfolio Pulse from Anan Ashraf

August 01, 2024 | 8:31 am

Uber Technologies, Inc. (NYSE:UBER) and BYD Co. Ltd. (OTC:BYDDY) have announced a multi-year strategic partnership to add 100,000 new BYD electric vehicles to the Uber platform in key global markets. The initiative aims to lower the total cost of EV ownership for Uber drivers and boost global EV adoption. The partnership will start in Europe and Latin America and later expand to other regions. UBER stock has risen over 30% in the last twelve months, and investors can gain exposure via IShares Trust IShares U.S. Transportation ETF (BATS:IYT) and Franklin Disruptive Commerce ETF (BATS:BUYZ).

Portfolio Pulse from Lekha Gupta

July 31, 2024 | 5:57 pm

Chinese EV manufacturer BYD Company (OTC:BYDDY) is planning to enter the Canadian market amidst potential tariffs on Chinese-imported vehicles. Canada is considering tariffs similar to those in the US and EU to counter China's subsidies to its EV industry. BYD's plans include introducing passenger electric vehicles in Canada.

Portfolio Pulse from Shivani Kumaresan

July 31, 2024 | 5:19 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

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