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

Hyundai Motor Group surpassed Volkswagen Group in operating profit for Q1 2024, with Toyota Group maintaining its lead. Hyundai's diverse portfolio and investments in technical capabilities, including a partnership with Worksport Ltd, contributed to its success. Volkswagen faces challenges in the EV market, particularly in China, and has partnered with Xpeng to improve its position.

Portfolio Pulse from Upwallstreet

May 15, 2024 | 12:55 pm

XPeng Inc. (NYSE:XPEV) shares are trading higher in the premarket session due to reports that the company plans to use BYD Co., Ltd. (OTC:BYDDY) batteries for its new Mona sub-brand. The Mona brand's first model, an A-class compact electric sedan, is expected to be revealed in June and delivered in the third quarter. XPeng's Zhaoqing plant has been upgraded to support the new model's production.

Portfolio Pulse from Nabaparna Bhattacharya

May 15, 2024 | 11:24 am

BYD has launched its new mid-size hybrid-electric pickup truck, the Shark, in Mexico, which is significantly cheaper than Tesla's Cybertruck. The Shark is not planned for the U.S. market, reducing direct competition with the Cybertruck. BYD's move comes amid U.S. tariff hikes on Chinese imports.

Portfolio Pulse from Anan Ashraf

May 15, 2024 | 10:17 am

BYD Co Ltd, backed by Warren Buffett, aims to become the leading battery-electric vehicle (BEV) seller in Europe, surpassing Volkswagen AG, Tesla Inc., and Stellantis NV. The company plans significant investments in factories, dealerships, and marketing in Europe, including a budget model priced under €20,000. Despite a 42% drop in electric vehicle deliveries in Q1 2024, BYD's market share in Western Europe was 1.7%. The company is constructing a new factory in Hungary and scouting locations for a second plant.

Portfolio Pulse from Benzinga Neuro

May 10, 2024 | 2:41 pm

Zeekr Intelligent Technology Holding Limited (NYSE:ZK) priced its U.S. IPO at $21 per share, at the top end of its estimated range, with shares to begin trading on May 10, 2024. The offering is expected to close on May 14, 2024, potentially raising up to $507.2 million if the underwriters' over-allotment option is fully exercised. Strategic investors including Geely Automobile Holding (OTC:GELYY), Contemporary Amperex Technology, and Mobileye Global Inc (NASDAQ:MBLY) accounted for $300 million of the IPO. Despite a strong demand for Zeekr's IPO, analysts are skeptical about an imminent surge of Chinese listings in New York.

Portfolio Pulse from Shivani Kumaresan

May 10, 2024 | 10:52 am

Gary Black, a Tesla investor and Future Fund Managing Partner, believes Warren Buffett's Berkshire Hathaway is unlikely to invest in Tesla due to its high valuation and Buffett's preference for value stocks. Black points out that Tesla's estimated earnings per share for 2024 are trading at 70 times, making it an expensive choice for Berkshire. Instead, Buffett's investments in Apple and BYD are highlighted as more aligned with his investment philosophy, with both companies having more reasonable valuations at the time of Berkshire's investment.

Portfolio Pulse from Shanthi Rexaline

May 08, 2024 | 11:40 am

Nio has partnered with BYD, backed by Warren Buffett, to launch a budget-friendly EV brand named 'Onvo', aiming to compete with Tesla's Model Y. This partnership allows Nio to source batteries from BYD, alongside its current supplier CATL, and another provider CALB for different versions of the Onvo EV. This move is part of a broader strategy to reduce costs and compete more effectively in the fiercely competitive Chinese EV market. BYD, having surpassed Tesla in global EV production, is focusing on making EVs more affordable than gasoline vehicles.

Portfolio Pulse from Benzinga Neuro

May 07, 2024 | 11:44 am

Warren Buffett-backed Chinese EV maker BYD Co is set to globally debut its first pickup truck, the BYD Shark, in Mexico on May 14. This marks BYD's first new model launch overseas in recent years, highlighting its focus on foreign markets due to restrictions on pickup trucks in China. The BYD Shark, larger than the Toyota Hilux, is built on BYD's DMO platform and is a potential competitor to Tesla's Cybertruck. The launch is part of BYD's strategy to diversify its product offerings, including entering the pickup truck market and challenging luxury automakers with its premium sedan. A U.S. manufacturing lobby group has warned that the entry of Chinese EV makers into the American market could be a significant threat to the U.S. auto sector.

Portfolio Pulse from Benzinga Neuro

May 07, 2024 | 8:28 am

Chinese EVs face a significant barrier entering the U.S. market due to a 27.5% import tariff, impacting their competitiveness against U.S. automakers like Ford, General Motors, and Tesla. Despite their popularity globally, these tariffs, alongside concerns over national security and environmental advocacy, limit their market penetration in the U.S. Meanwhile, U.S. companies are developing more affordable EV models, with Tesla planning a lower-priced EV launch next year. The Biden administration is balancing affordable EV promotion with American job protection, maintaining or potentially increasing tariffs.

Portfolio Pulse from Benzinga Neuro

May 06, 2024 | 12:58 pm

Chinese EV makers, including SAIC, Chery, Great Wall Motor, and BYD Co., have seen a 40% increase in overseas sales in Q1 2024, reaching 470,000 units. Europe and Asia are the main markets for these exports. BYD Co. leads in NEV overseas sales, followed by SAIC, Geely, Xpeng, and Nio. BYD is adopting a premium pricing strategy in Europe, and Chinese EV makers are exploiting a loophole for exporting 'used' cars to bypass trade barriers.

Portfolio Pulse from Benzinga Neuro

May 06, 2024 | 6:07 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.