Streetbeat News

BYDDY

BYD Co

http://www.byd.com/

Open

72.09

Mkt cap

115B

Volume

60K

High

73.98

P/E Ratio

22.45

52-wk high

83.67

Low

72.09

Div yield

0.01

52-wk low

43.62

BYD's battery unit, FinDreams, will start supplying cells to Tesla's energy storage division in China from Q1 next year. FinDreams is expected to supply over 20% of the cells for Tesla's Shanghai Megafactory, which has an annual capacity of 40 GWh.

Portfolio Pulse from Nabaparna Bhattacharya

June 05, 2024 | 3:03 pm

NIO and BYD have received approval from Chinese regulators to test their automated driving technology on public roads. This approval marks the first instance of Chinese authorities approving testing for level 3 and level 4 automated driving technologies. Tesla is also preparing to register its 'Full Self-Driving' software in China, highlighting the competitive race in the autonomous driving sector.

Portfolio Pulse from Benzinga Neuro

June 05, 2024 | 1:04 pm

Chinese EV maker BYD Co opened its first dealership in the Caribbean, raising concerns among U.S. automakers about potential market entry. BYD, which has surpassed Tesla in overall vehicle sales, has no current plans to enter the U.S. market but is exploring plant sites in Mexico. President Biden has imposed tariffs on Chinese EV imports to protect American manufacturers.

Portfolio Pulse from Anan Ashraf

June 05, 2024 | 12:16 pm

BYD Co., Ltd. has opened its first showroom in Saudi Arabia, marking a significant step in its global expansion. The showroom, located in Riyadh, offers five models for test drives and is part of a broader strategy to capture 30% of Riyadh's automotive market with NEVs by 2030.

Portfolio Pulse from Nabaparna Bhattacharya

May 31, 2024 | 3:58 pm

The European Commission has approved a €2 billion Italian state aid to support STMicroelectronics (NYSE:STM) in establishing a chip manufacturing facility in Catania, Sicily. The plant will produce Silicon Carbide (SiC) power devices, contributing to Europe's technological self-sufficiency and digital sovereignty. The project aims to enhance the supply and resilience of semiconductor technologies crucial for digital and green transitions.

Portfolio Pulse from Shivani Kumaresan

May 31, 2024 | 1:09 pm

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

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.