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

A study by AutoPacific reveals that 76% of Americans under 40 are open to buying Chinese EVs despite data privacy concerns. The Biden administration has increased tariffs on Chinese EVs to over 100%, impacting companies like BYD Co Ltd.

Portfolio Pulse from Anan Ashraf

May 28, 2024 | 11:51 am

Zhejiang Geely Holding Group (OTC:GELLY) has entered the global top 10 for auto sales in Q1 2024, marking a first for a Chinese carmaker. Geely sold 730,000 vehicles, a 27% year-on-year growth, driven by strong electric vehicle exports. The company surpassed Mercedes-Benz and BMW in the rankings. Geely's EV arm, Zeekr Intelligent Technology Holding Limited (NYSE:ZK), aims to double car deliveries in 2024.

Portfolio Pulse from Benzinga Neuro

May 28, 2024 | 9:36 am

BYD Co., Ltd. (OTC:BYDDF) (OTC:BYDDY) is set to unveil its fifth-generation DM hybrid technology, which promises a vehicle range of up to 2,000 kilometers. The new technology will be launched on May 28, and the company plans to transition to this model gradually. BYD's shares closed lower by 2.82% to $27.21 on Thursday.

Portfolio Pulse from Nabaparna Bhattacharya

May 24, 2024 | 11:00 am

General Motors (GM) CEO Mary Barra discussed the company's transition to electric vehicles (EVs) at the Detroit Economic Club, emphasizing design, affordability, and driving range. She highlighted the importance of building an EV charging network and partnerships, such as with Berkshire Hathaway's Pilot Flying J. Barra also addressed competition from Tesla and Chinese EV makers like BYD and Nio, stressing GM's focus on brand loyalty and supply chain resilience.

Portfolio Pulse from Hayden Buckfire

May 23, 2024 | 7:55 pm

XPeng Inc (NYSE:XPEV) reported strong first fiscal quarter results, narrowing its loss and increasing EV deliveries and margins. The company also provided optimistic second-quarter guidance and announced future plans, including the launch of new models and expansion into international markets.

Portfolio Pulse from Upwallstreet

May 22, 2024 | 2:06 pm

Blink Charging Co (NASDAQ:BLNK) has been selected by Grupo Fame, an official dealership for Warren Buffett-backed BYD Co Ltd (OTC:BYDDY), to provide EV charging services at select locations in Mexico. Blink's Level 2 chargers are already installed in Querétaro, with more installations expected in Morelia and Hermosillo. Wall Street analysts generally view Blink as a Buy, despite some bearish outlooks.

Portfolio Pulse from Adam Eckert

May 21, 2024 | 2:06 pm

Goldman Sachs has raised its forecast for the Chinese market, citing a significant rally in Chinese stocks and a reduction in property-related risks. The MSCI China Index, tracked by the iShares MSCI China ETF (NYSE:MCHI), has seen substantial gains. Goldman Sachs has launched a 40-stock China Recovery Portfolio, including prominent stocks like Alibaba (NYSE:BABA), BYD (OTCPK:BYDDY), Li Auto (NASDAQ:LI), and Trip.com (NASDAQ:TCOM).

Portfolio Pulse from Piero Cingari

May 21, 2024 | 1:32 pm

BYD Co. faces a strike at its Wuxi factory in China as workers protest against a new work schedule that reduces their income. The strike highlights labor issues in China and comes at a time when BYD is expanding its global market presence.

Portfolio Pulse from Benzinga Neuro

May 21, 2024 | 9:19 am

Volkswagen has exited discussions with Renault on a joint affordable EV project. Renault will continue developing the electric Twingo independently, while Volkswagen plans its own low-cost EV strategy. This development highlights the competitive pressure from Chinese automakers in the European market.

Portfolio Pulse from Shivani Kumaresan

May 17, 2024 | 3:52 pm

Nio Inc (NYSE:NIO) stock was trading higher Thursday amid reports of launching its first vehicle under the Onvo brand, priced lower than Tesla's Model Y. However, the stock reversed its gains. Nio plans to deliver the L60 SUV in September and aims for international sales. The L60 will use affordable batteries from BYD Co. Nio's stock has lost 33% in the last 12 months. Investors can gain exposure via KraneShares MSCI China Clean Technology Index ETF (NYSE:KGRN) and KraneShares Electric Vehicles And Future Mobility Index ETF (NYSE:KARS).

Portfolio Pulse from Anusuya Lahiri

May 16, 2024 | 3:39 pm

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