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

Chinese EV makers, led by BYD, posted record sales in September, with Li Auto and Xpeng also achieving new highs. Nio saw significant growth but didn't hit a record. BYD's sales exceeded 400,000 units for the first time in a month. Tesla's production and deliveries increased, but its growth was smaller than expected.

Portfolio Pulse from Upwallstreet

October 02, 2024 | 7:55 pm

The European Union is considering final tariffs on Chinese electric vehicle (EV) makers to protect its own automobile industry. However, this move could lead to a trade war with China, affecting EU's export-dependent companies and critical raw material supplies. Automakers like BMW and Volkswagen have warned against these tariffs, fearing retaliatory measures from China. The EU remains dependent on China for essential raw materials, complicating the situation.

Portfolio Pulse from European Capital Insights

October 02, 2024 | 2:56 pm

BYD Co Ltd reported a 46% increase in September sales of new energy passenger vehicles, driven by a significant rise in plug-in hybrid sales. The company sold 417,603 vehicles, with plug-in hybrid sales up 86.2% and pure EV sales up 9%. BYD remains a key competitor to Tesla in the EV market.

Portfolio Pulse from Anan Ashraf

October 01, 2024 | 11:40 am

Chinese EV companies Nio, XPeng, and Li Auto saw a premarket surge due to strong delivery numbers for September and Q3. Nio and XPeng are expanding into the mass market, while Li Auto continues to perform well. Tesla's upcoming delivery report is also anticipated.

Portfolio Pulse from Shanthi Rexaline

October 01, 2024 | 11:33 am

BYD is recalling nearly 97,000 EVs due to overheating risks in the CEPS system, potentially causing fires. The recall affects Dolphin and Yuan PLUS models produced between November 2022 and December 2023. BYD will fix the issue at no cost to customers.

Portfolio Pulse from Anan Ashraf

September 30, 2024 | 6:17 am

The article discusses the challenges faced by traditional automakers like Ford, GM, and Volkswagen in adapting to the EV era, as they face competitive pressure from Chinese EV makers like BYD and XPeng. Ford is struggling with its EV business, while Volkswagen faces potential strikes over plant closures. Meanwhile, Chinese EV makers are expanding aggressively in Europe.

Portfolio Pulse from Upwallstreet

September 26, 2024 | 3:54 pm

BYD Co. has reached a significant milestone by producing its 9 millionth new energy vehicle (NEV), a red Yangwang U9 supercar. This achievement highlights BYD's rapid growth in the NEV market, having produced its 8 millionth NEV just two months prior. The company has also surpassed Tesla in battery electric vehicle sales in the last quarter of 2023.

Portfolio Pulse from Anan Ashraf

September 26, 2024 | 11:06 am

BYD, a Chinese electric vehicle manufacturer and Tesla rival, plans to establish its first South Asian assembly plant in Pakistan after being rejected by India. The plant, expected to be operational by 2026, is a collaboration with Pakistan's Hub Power. BYD aims to sell 100,000 electric cars annually in Pakistan by 2030, as part of its broader international expansion strategy.

Portfolio Pulse from Benzinga Neuro

September 23, 2024 | 3:22 am

Volkswagen and other European automakers like BMW, Mercedes-Benz, Stellantis, and Renault are facing significant challenges, including underutilized factories and competition from Chinese EV makers like BYD. Volkswagen is considering plant closures, and Stellantis is halting production of its electric Fiat 500e due to declining demand. The European auto industry is struggling to compete with Chinese automakers, who are planning to establish factories in Europe to avoid tariffs.

Portfolio Pulse from Upwallstreet

September 20, 2024 | 2:06 pm

NIO Inc. shares are trading higher as 40% of its store managers are former Tesla employees. NIO's Onvo is launching the L60, priced lower than Tesla's Model Y in China. NIO has also expanded its store count to 120.

Portfolio Pulse from Nabaparna Bhattacharya

September 19, 2024 | 7:13 pm

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