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

BYD, backed by Warren Buffett's Berkshire Hathaway, is entering the luxury EV market with the Denza Z9GT sedan, challenging luxury automakers like Mercedes-Benz. This move comes as BYD aims to compete with global leaders and increase profitability amidst a price war in the EV sector. The company has also unveiled a high-end electric supercar and its first electric pickup truck, marking significant steps in its strategy to redefine luxury in the EV space and move beyond its low-cost image.

Portfolio Pulse from Benzinga Neuro

April 25, 2024 | 6:44 am

Warren Buffett, through Berkshire Hathaway, missed out on investing in Tesla before its IPO, a decision highlighted by Tesla CEO Elon Musk. Musk often references a 2009 meeting with Charlie Munger, Berkshire's Vice Chairman, where the potential failure of Tesla was discussed. Despite this, Tesla's market cap has soared to $463 billion, indicating a missed opportunity for a 231,400% return on a hypothetical $20 million investment based on Tesla's $200 million valuation at the time. Berkshire Hathaway instead invested in BYD Co, a Tesla rival, in 2008 and has seen significant returns from its investment in Apple in 2016.

Portfolio Pulse from Chris Katje

April 23, 2024 | 7:08 pm

BYD Co, backed by Warren Buffett, announced its electric pickup truck named BYD Shark, featuring a plug-in hybrid system. This marks BYD's entry into the electric pickup market, competing with Tesla's Cybertruck. The Shark is set to launch this year, targeting the global market without specific plans for the U.S., where Tesla has begun Cybertruck deliveries. Despite BYD overtaking Tesla in EV sales volume in the last quarter of 2023, the two companies' trucks differ in fuel technology and market focus.

Portfolio Pulse from Anan Ashraf

April 22, 2024 | 9:41 am

Volkswagen AG, in partnership with XPeng Inc, has developed a new EV architecture aimed at reducing manufacturing costs and competing with Tesla Inc. This China Electrical Architecture (CEA) will reduce control units by 40%, targeting a launch in 2026 for Volkswagen-branded EVs in China. This development is part of Volkswagen's strategy to regain its market position in China against local EV makers like BYD Company Limited, which recently expanded its vehicle offerings.

Portfolio Pulse from Upwallstreet

April 17, 2024 | 3:37 pm

Tesla Inc (NASDAQ:TSLA) faces scrutiny over Elon Musk's management style amid Cybertruck delivery delays, as investor Ross Gerber expresses skepticism. Gerber criticized Musk's focus since purchasing Twitter, suggesting a lack of leadership at Tesla. This criticism follows Tesla's poor Q1 sales performance, which Musk attributed to broader industry challenges, comparing it to BYD Co. Ltd.'s (OTC:BYDDY) (OTC:BYDDF) sales decline. The situation raises questions about Tesla's leadership and strategic direction, amidst layoffs and a focus on the robotaxi project.

Portfolio Pulse from Benzinga Neuro

April 17, 2024 | 3:12 am

Honda Motor Co Ltd (NYSE:HM) is intensifying its EV efforts in China by launching a new EV brand named Ye and planning to release six next-generation EVs by 2027, aiming for all its China sales to be EVs by 2035. Honda is considering a strategic partnership with Nissan Motor Co Ltd (OTC:NSANY) for key EV components and software. Nissan plans to mass-produce next-generation EV batteries by 2029 and adopt Tesla Inc's (NASDAQ:TSLA) gigacasting manufacturing process. Honda also unveiled its 'Honda 0 Series' EVs for global markets, starting in North America in 2027.

Portfolio Pulse from Upwallstreet

April 16, 2024 | 5:54 pm

BYD Co., Ltd. has expanded into the luxury SUV market with the unveiling of the Super 3 and Bao 8 models, aiming to compete with Jaguar Land Rover. The announcement was made at a live-streamed event in Shenzhen, without specifying if the new SUVs are hybrid or fully electric. This move is part of BYD's strategy to enter the high-end luxury segment, highlighted by the recent introduction of its most expensive car, the Yangwang U9 electric supercar, targeting competitors like Ferrari N.V. and Lamborghini. The unveiling precedes the Beijing Auto Show, emphasizing BYD's prominence in China's automotive industry.

Portfolio Pulse from Nabaparna Bhattacharya

April 16, 2024 | 2:59 pm

Volkswagen AG and BMW reported significant progress in their electric vehicle (EV) sales, providing optimism in the EV market. Volkswagen saw a 91% increase in EV deliveries in China, contributing to an 8% rise in overall vehicle deliveries in the country for Q1. Despite challenges, Volkswagen's global deliveries rose by 3%. BMW achieved a milestone by selling its one-millionth EV, with a 40.6% increase in EV sales during the first quarter. These developments come amidst Tesla's first delivery drop in four years, highlighting competitive dynamics in the EV market.

Portfolio Pulse from Upwallstreet

April 11, 2024 | 10:14 am

Electric vehicle stocks experienced a sell-off in the week ending April 5, influenced by broader market trends and company-specific news. Tesla reported its first year-over-year sales decline since Q2 2020, attributing it to production transitions and disruptions. Despite this, Ark Invest purchased $76 million in Tesla shares. Rivian celebrated its 100,000th vehicle production, while Nikola exceeded Q1 delivery expectations. Ford delayed its EV production plans, and Canoo's shares plummeted after a disappointing forecast. The KraneShares Electric Vehicles ETF saw a slight increase on Friday but fell overall for the week.

Portfolio Pulse from Shanthi Rexaline

April 06, 2024 | 1:17 pm

Tesla regained its title as the world's top EV seller, surpassing BYD, despite a challenging quarter. BYD continues its aggressive expansion, planning to launch an electric pickup that could compete with Tesla's Cybertruck and Ford's F-150 Lightning. Ford faces challenges with demand for the Lightning and cut workforce at its plant. BYD also announced an ultra-cheap car and a supercar, targeting various market segments. Rivian announced reaching 100,000 EVs produced and unveiled new models, aiming to continue its growth amidst rising competition.

Portfolio Pulse from Upwallstreet

April 05, 2024 | 6:14 pm

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