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

Nissan Motor Co Ltd (OTC:NSANY) is investing in Renault SA's (OTC:RNLSY) EV unit, Ampere, and considering a partnership with Honda Motor Co Ltd (NYSE:HMC) to compete against rivals like Tesla Inc (NASDAQ:TSLA) and BYD Company Limited (OTC:BYDDY). Renault plans to sell a 2.5% stake in Nissan, aiming to reduce its stake from 43% to 15%. Nissan's new business plan, The Arc, includes launching 30 new models by May 2027, with 16 being electric, and aims to lower the cost of next-generation EVs by 30%.

Portfolio Pulse from Upwallstreet

March 27, 2024 | 4:06 pm

BYD Company Limited (OTC:BYDDY) reported its slowest quarterly profit growth in two years for Q4 2023, despite overtaking Tesla Inc (NASDAQ:TSLA) as the top EV maker in the last quarter. BYD's revenue rose 15.1% to 180.04 billion yuan, with a net income of 8.67 billion yuan. The full year saw an 80.7% increase in net profit to 30.04 billion yuan. BYD is expanding globally and into the premium market, while Tesla continues to adjust its pricing strategy and faces criticism over its electric pickups.

Portfolio Pulse from Upwallstreet

March 26, 2024 | 5:22 pm

Toyota Motor Corp plans to start mass production of an electric Hilux pickup in Thailand by end of 2025, following Isuzu Motors' announcement to produce a battery-powered D-MAX there. This move is part of a broader shift towards electric vehicle adoption in Southeast Asia, with significant investments in the region. Toyota aims to sell 250,000 vehicles in Thailand this year and will trial battery Hilux pickups in Pattaya next month. TM shares rose 0.77% to $254.37.

Portfolio Pulse from Shivani Kumaresan

March 26, 2024 | 4:24 pm

China has filed a WTO complaint against the U.S. over its EV tax credit program, claiming it discriminates against foreign manufacturers by requiring EVs to be assembled in North America with domestically sourced batteries. The Inflation Reduction Act's provisions are said to distort competition and disrupt the global NEV supply chain. Chinese EV maker BYD, now leading in global sales, and Nio Inc. express concerns over market access and treatment compared to U.S. companies.

Portfolio Pulse from Benzinga Neuro

March 26, 2024 | 11:36 am

Tesla Inc (TSLA) is adjusting its strategy to focus on profitability over volume, with price increases for the Model Y in the U.S. and Eurozone amid reports of slowing production in China due to competition and slowing EV sales. Analysts at Oppenheimer believe this shift towards maximizing value per vehicle and leveraging software updates, particularly in Full Self-Driving, could enhance revenue. However, Tesla's stock has declined nearly 32% in 2024, while the Global X Autonomous & Electric Vehicles ETF (DRIV) remains flat. Oppenheimer maintains a Perform market rating for Tesla, highlighting its potential as a transformational technology company.

Portfolio Pulse from Neil Dennis

March 25, 2024 | 4:08 pm

Nissan Motor Co Ltd (OTC:NSANY) announced the launch of 30 new models over the next three years, with 16 being electrified, in response to the rapid developments in the EV industry. This move contrasts with other automakers like Tesla Inc (NASDAQ:TSLA), Ford Motor (NYSE:F), and General Motors (NYSE:GM), which are bracing for cooling EV demand. Nissan aims to sell an additional 1 million vehicles by fiscal year 2026, targeting an operating profit margin of over 6% and total shareholder returns of over 30%. The company is also exploring a strategic partnership with Honda Motor Co Ltd (NYSE:HMC) to produce key EV components and develop AI in automotive software platforms.

Portfolio Pulse from Upwallstreet

March 25, 2024 | 4:07 pm

This week, Tesla faced challenges in China, Ford planned a reentry into India's EV market, and Canoo aimed to improve profitability. Tesla's production cut in China and SEC probe concerns, along with Ford's strategy to leverage India's new EV policy, and Canoo's designation as a Foreign Trade Zone were key events. Fisker sought financing to avoid bankruptcy, and BYD expanded into Greece. The KraneShares Electric Vehicles ETF saw a decline, reflecting broader EV stock underperformance despite Tesla's slight gain.

Portfolio Pulse from Shanthi Rexaline

March 23, 2024 | 1:12 pm

BYD Co Ltd, backed by Warren Buffett, has expanded into the Greek market, showcasing its electric vehicles including the Atto 3 SUV and Seal sedan. This marks a significant step in BYD's European expansion, aiming to become a top-five player in European registrations. Despite its rapid expansion, BYD's market share in Europe remains minimal. However, BYD outsold Tesla in global BEV sales in the last quarter of 2023.

Portfolio Pulse from Anan Ashraf

March 22, 2024 | 7:07 am

Apple Inc's CEO Tim Cook met with BYD Co's chairman in Shanghai to discuss their ongoing collaboration, including on products like the iPhone. The meeting highlighted the critical role of Chinese suppliers in Apple's supply chain, with companies like BYD Electronics showcasing their contributions. This comes as Apple faces challenges in China, with a 24% drop in iPhone sales pushing it to fourth place among smartphone vendors in the country.

Portfolio Pulse from Anan Ashraf

March 21, 2024 | 8:22 am

Tesla Inc (TSLA) announced price adjustments for its Model Y in the US, Europe, and China, aiming to maintain sales momentum amid declining auto gross margins. XPeng Inc (XPEV) and Nio Inc (NIO) are launching more affordable EV brands to compete in a slowing EV market. XPeng's new EVs will be priced between $14,000 and $21,000, targeting a competitive segment with a strategic partnership with Didi. Nio's mass-market brand 'Le Dao' targets families, aiming to boost deliveries. Tesla plans a low-cost EV by end of 2025, facing competition from BYD Company Limited (BYDDY) which recently surpassed Tesla in sales.

Portfolio Pulse from Upwallstreet

March 19, 2024 | 2:51 pm

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