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

NIO Inc. shares are trading higher as 40% of its store managers are former Tesla employees. NIO's Onvo is launching the L60, priced lower than Tesla's Model Y in China. NIO has also expanded its store count to 120.

Portfolio Pulse from Nabaparna Bhattacharya

September 19, 2024 | 7:13 pm

General Motors (GM) and Hyundai have signed a memorandum to explore joint product development and clean energy technologies, aiming to enhance competitiveness and efficiency. GM is also expanding its partnership with EVgo to install more fast charging stalls. The automotive market is challenging, with companies like Volkswagen and Tesla facing competition from BYD.

Portfolio Pulse from Upwallstreet

September 17, 2024 | 5:13 pm

The Biden administration has imposed steep tariffs on Chinese goods, including a 100% tax on Chinese-made electric vehicles, to boost U.S. manufacturing and jobs. This move is seen as a response to the growing competition from Chinese automakers and comes ahead of the November elections. Detroit automakers like General Motors and Ford are exploring Chinese technology to enhance their EV offerings, while Tesla's CEO has expressed concerns about the impact of Chinese EVs on the U.S. market.

Portfolio Pulse from Natan Ponieman

September 16, 2024 | 8:06 pm

China is advising its automakers to keep advanced EV technology within the country while expanding factories abroad to avoid tariffs. This includes exporting knock-down kits for assembly in foreign plants. BYD Co. is among the companies affected, planning a factory in Hungary.

Portfolio Pulse from Anan Ashraf

September 12, 2024 | 6:22 am

Chinese EV manufacturers, including BYD and Geely, are showcasing their vehicles at the Frankfurt Automechanika fair amid looming EU tariffs. These tariffs could impact their global expansion efforts as they face trade barriers in Europe and North America.

Portfolio Pulse from Nabaparna Bhattacharya

September 11, 2024 | 4:50 pm

Chinese EV manufacturers, including BYD and Geely, are showcasing their products at the Frankfurt trade fair to counteract global trade barriers and expand their presence in international markets. Despite tariffs from the EU, US, and Canada, Chinese automakers are investing in overseas expansion and exploring new markets.

Portfolio Pulse from Benzinga Neuro

September 10, 2024 | 7:22 am

Tesla strengthens its US market position with a 23% sales increase in August, despite a slight dip in market share. In Germany, Tesla's market share drops by 2.7%, while China's EV market sees unprecedented growth with Tesla facing strong competition from domestic brands like BYD and XPeng.

Portfolio Pulse from Surbhi Jain

September 05, 2024 | 8:35 pm

In August, new battery electric vehicle registrations in Britain rose by 10.8%, despite a 25% drop in Tesla's registrations. BYD saw a significant surge in registrations, increasing over 1000%. The rise in EV registrations is attributed to heavy discounting and new offerings.

Portfolio Pulse from Anan Ashraf

September 05, 2024 | 11:35 am

Tesla had a strong month in August 2024 with increased EV sales in China, but faces stiff competition from BYD and other Chinese automakers. Ford is struggling with profitability in the EV market and has canceled its all-electric SUV plans. Worksport is expanding its product lineup and aims to enhance the electric pickup experience.

Portfolio Pulse from Upwallstreet

September 04, 2024 | 6:41 pm

BYD Co., Ltd. is delaying its investment in a Mexican car production facility until after the U.S. elections, due to uncertainties in American policies. The decision reflects a cautious approach amid potential changes in U.S. trade policies, especially concerning tariffs on Mexican-made products.

Portfolio Pulse from Nabaparna Bhattacharya

September 03, 2024 | 6:09 pm

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