Streetbeat News

BYDDY

BYD Co

http://www.byd.com/

Open

67.72

Mkt cap

110B

Volume

46K

High

67.93

P/E Ratio

21.07

52-wk high

83.67

Low

67.45

Div yield

0.01

52-wk low

43.62

Stellantis NV (NYSE:STLA) shares are trading lower premarket on Friday due to new EU tariffs on electric vehicles. The company is considering relocating some Leapmotor model production from China to Europe to mitigate increased import costs. The EU has imposed additional tariffs on several automakers, including BYD Company and SAIC Motor Corp, following a probe into state subsidies. Stellantis confirmed its 2024 guidance of double-digit AOI margin and a capital return plan of at least 7.7 billion euros.

Portfolio Pulse from Shivani Kumaresan

June 14, 2024 | 1:38 pm

A Bain & Co. partner has warned that the ongoing price wars among Chinese EV manufacturers in overseas markets could jeopardize product quality and brand reputation. The European Union's decision to impose additional tariffs on Chinese-made EVs could further challenge companies like BYD, Nio, Li Auto, and XPeng.

Portfolio Pulse from Benzinga Neuro

June 13, 2024 | 12:55 pm

BYD Co., Ltd. (OTC:BYDDY) maintained its dominance in China's new energy vehicle (NEV) market in May with a 33.4% market share, while Tesla, Inc. (NASDAQ:TSLA) made significant gains, securing third place with a 6.9% market share. Tesla's retail sales in China increased by 29.9% year-on-year.

Portfolio Pulse from Nabaparna Bhattacharya

June 13, 2024 | 12:47 pm

The European Union has introduced new tariffs on Chinese electric vehicles, impacting companies like BYD, Nio, Li Auto, and XPeng. Despite the tariffs, BYD is expected to remain competitive due to its cost advantages. The tariffs could accelerate localization plans for Chinese EV makers in the EU and have broader implications for the global automotive industry.

Portfolio Pulse from Benzinga Neuro

June 13, 2024 | 9:31 am

XPeng Inc. (NYSE:XPEV) has revealed the name and image of its first model from the Mona sub-brand, the Xpeng M03, which will use BYD batteries. This move follows a similar strategy by NIO Inc. (NYSE:NIO) with its Onvo sub-brand. The M03 is expected to launch in 2024 and will be an A-class smart electric model. XPeng shares are trading higher by 0.63% premarket.

Portfolio Pulse from Nabaparna Bhattacharya

June 11, 2024 | 10:59 am

BYD Chairman Wang Chuanfu stated that foreign politicians are concerned about the rise of Chinese electric vehicles (EVs), highlighting the strength of China's car industry. This comes as Western nations consider increasing tariffs on Chinese EV imports. BYD, which stopped making solely combustion engine cars in 2022, has seen significant growth in EV sales, although Tesla reclaimed the title of the world's largest pure EV seller in Q1 2024.

Portfolio Pulse from Anan Ashraf

June 10, 2024 | 6:29 am

Nio Inc (NYSE:NIO) reported its unaudited first fiscal quarter results, showing a widened net loss despite improved margins. The company provided an optimistic Q2 outlook with significant YoY growth in EV deliveries. Nio, along with Li Auto (NASDAQ:LI) and XPeng Inc (NYSE:XPEV), recorded YoY growth in May 2024 deliveries, with Nio achieving triple-digit percentage gains. Tesla Inc (NASDAQ:TSLA) recalled 125,000 EVs.

Portfolio Pulse from Upwallstreet

June 07, 2024 | 3:43 pm

Cathie Wood of Ark Investment Management remains optimistic about AI investments despite reducing Nvidia shares before their significant rise. Ark continues to invest in emerging tech players and has increased its Tesla position. The ARK Innovation ETF has seen a 12% decline this year but had a 68% gain last year.

Portfolio Pulse from Shivani Kumaresan

June 06, 2024 | 4:03 pm

BYD Co., Ltd. maintains its position as the world's second-largest EV battery manufacturer from January to April, with a significant increase in battery installations. Meanwhile, Tesla and Ford saw a decline in vehicle registrations in the UK in May.

Portfolio Pulse from Nabaparna Bhattacharya

June 06, 2024 | 1:36 pm

Chinese automakers, led by BYD, saw significant sales increases in the UK in May, while American automakers Tesla and Ford experienced declines. BYD's sales surged by 2,700%, while Tesla and Ford saw drops of 8% and 31%, respectively.

Portfolio Pulse from Anan Ashraf

June 06, 2024 | 11:30 am

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