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

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

General Motors (GM) and Hyundai have signed a memorandum to explore joint product development and clean energy technologies, aiming to enhance competitiveness and efficiency. GM is also expanding its partnership with EVgo to install more fast charging stalls. The automotive market is challenging, with companies like Volkswagen and Tesla facing competition from BYD.

Portfolio Pulse from Upwallstreet

September 17, 2024 | 5:13 pm

The Biden administration has imposed steep tariffs on Chinese goods, including a 100% tax on Chinese-made electric vehicles, to boost U.S. manufacturing and jobs. This move is seen as a response to the growing competition from Chinese automakers and comes ahead of the November elections. Detroit automakers like General Motors and Ford are exploring Chinese technology to enhance their EV offerings, while Tesla's CEO has expressed concerns about the impact of Chinese EVs on the U.S. market.

Portfolio Pulse from Natan Ponieman

September 16, 2024 | 8:06 pm

China is advising its automakers to keep advanced EV technology within the country while expanding factories abroad to avoid tariffs. This includes exporting knock-down kits for assembly in foreign plants. BYD Co. is among the companies affected, planning a factory in Hungary.

Portfolio Pulse from Anan Ashraf

September 12, 2024 | 6:22 am

Chinese EV manufacturers, including BYD and Geely, are showcasing their vehicles at the Frankfurt Automechanika fair amid looming EU tariffs. These tariffs could impact their global expansion efforts as they face trade barriers in Europe and North America.

Portfolio Pulse from Nabaparna Bhattacharya

September 11, 2024 | 4:50 pm

Chinese EV manufacturers, including BYD and Geely, are showcasing their products at the Frankfurt trade fair to counteract global trade barriers and expand their presence in international markets. Despite tariffs from the EU, US, and Canada, Chinese automakers are investing in overseas expansion and exploring new markets.

Portfolio Pulse from Benzinga Neuro

September 10, 2024 | 7:22 am

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