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

China's autonomous vehicle push raises job security concerns, but experts suggest new job opportunities will emerge. Tesla, Baidu, and other companies are advancing in the robotaxi market, with Tesla delaying its robotaxi unveiling to October.

Portfolio Pulse from Benzinga Neuro

August 30, 2024 | 6:24 am

Grab Holdings plans to add over 1,000 BYD electric vehicles to its Indonesian fleet, following Uber's lead in expanding green rides. This move is part of Grab's strategy to grow its mobility services and enhance its app with AI features. Despite a 17% revenue increase, Grab's stock has declined 15% over the past year.

Portfolio Pulse from Anusuya Lahiri

August 29, 2024 | 2:15 pm

Uber CEO Dara Khosrowshahi visited BYD's headquarters in China to discuss a partnership involving the deployment of 100,000 BYD electric vehicles on Uber's platform over the next five years. The collaboration will start in Europe and Latin America and expand to other regions, with plans to integrate self-driving technologies.

Portfolio Pulse from Anan Ashraf

August 29, 2024 | 10:32 am

J.D. Vance criticized Kamala Harris and the Democratic Party for allowing a Chinese battery plant by Gotion in Michigan, linking it to the Inflation Reduction Act. The plant, a significant economic project, has faced opposition due to national security concerns. The issue highlights U.S.-China economic tensions and scrutiny over Chinese investments.

Portfolio Pulse from Benzinga Neuro

August 28, 2024 | 2:11 am

BYD, backed by Warren Buffett, partners with Huawei to integrate advanced autonomous driving systems into its off-road EVs. This move aims to boost sales of BYD's premium brands, despite potential regulatory challenges in the U.S.

Portfolio Pulse from Benzinga Neuro

August 27, 2024 | 9:54 am

Uber has partnered with GM's Cruise to expand its autonomous vehicle operations, adding Cruise's self-driving cars to its fleet by 2025. This partnership is part of Uber's broader strategy to integrate autonomous vehicles, which includes collaborations with Waymo and BYD. The news has positively impacted GM's stock, while Uber's stock has shown resilience. Analysts maintain a positive outlook on Uber and GM, with BofA and Goldman Sachs reiterating Buy ratings.

Portfolio Pulse from Natan Ponieman

August 23, 2024 | 5:08 pm

BYD Co., Ltd. is set to reveal the production model of its Ocean-M concept, named the Seal 06 GT, at the Chengdu auto show. This all-electric mid-size sedan is designed for young drivers and features BYD's latest technologies. The model will be available for purchase in the third quarter of this year.

Portfolio Pulse from Nabaparna Bhattacharya

August 23, 2024 | 4:56 pm

Chinese EV maker BYD is considering three Mexican states for a new manufacturing plant, evaluating various state incentives. The plant will initially produce 150,000 units, with plans to expand. The facility will focus on the Mexican market, with no current plans for U.S. market entry.

Portfolio Pulse from Nabaparna Bhattacharya

August 22, 2024 | 4:51 pm

Denza, a premium NEV brand under BYD, has launched pre-sales for its Z9GT hatchback with competitive pricing, aiming to boost sales. The Z9GT, featuring BYD's e3 technology, will start deliveries in September. Denza is a joint venture between BYD and Mercedes, with BYD holding a 90% stake.

Portfolio Pulse from Nabaparna Bhattacharya

August 21, 2024 | 2:41 pm

The European Union has reduced tariffs on Tesla's China-made electric vehicles to 9%, significantly lower than those for other Chinese automakers like SAIC, Geely, and BYD. This move could give Tesla a competitive advantage in the European market amid ongoing trade tensions.

Portfolio Pulse from Benzinga Neuro

August 21, 2024 | 9:14 am

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