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

Banle Energy International Limited, a subsidiary of CBL International Limited (NASDAQ:BANL), has provided bunkering services for BYD's first car carrier, BYD Explorer 1, in China. This support is significant as BYD, now the world's largest EV manufacturer, surpassing Tesla, embarks on its maiden voyage to export automobiles to Europe.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 11:38 am

Chinese EV manufacturer BYD Co Ltd, supported by Warren Buffett's Berkshire Hathaway, is in discussions with Brazilian lithium producer Sigma Lithium Corp regarding a potential acquisition. The talks could result in various outcomes, including a supply contract, joint venture, or full takeover. Sigma Lithium, valued at $2.9 billion, began exporting lithium from Brazil last year and is considering a strategic review that may lead to a sale or public listing of its Brazilian subsidiary. BYD's interest in Sigma aligns with its strategy to control significant parts of its supply chain. This move reflects China's ambition to dominate the clean tech industry's global resources. BYD has surpassed Tesla in battery-only EV sales and is expanding its international presence, including a new battery production facility in China and the launch of a chartered cargo ship for global EV exports.

Portfolio Pulse from Benzinga Neuro

January 15, 2024 | 8:51 am

Tesla, Inc. (TSLA) has outperformed legacy automakers in U.S. sales growth over the past eight years, despite a general industry slowdown. Elon Musk praised his team in response to a Tesla influencer's post showing Tesla's U.S. sales increase by 632,088 units from 2015 to 2018. Legacy automakers like GM, Ford, and Stellantis reported sales declines, while Hyundai, Kia, Volkswagen, Geely, Subaru, and Mazda saw growth. Tesla's Q4 deliveries hit a record 484,507 units, with annual deliveries of 1.81 million. Tesla's production efficiency, diversified bases, and product appeal contribute to its success, while legacy automakers scale back EV ambitions. BYD has recently surpassed Tesla in battery EV manufacturing. Tesla's stock closed down 2.87% at $227.22.

Portfolio Pulse from Shanthi Rexaline

January 12, 2024 | 6:42 am

Tesla Inc (NASDAQ:TSLA) has reduced the prices of its Model 3 and Model Y vehicles in China. The Model 3 rear-wheel drive now costs 6% less, and select Model Y versions are up to 2.8% cheaper. The price cuts are significant as China is a key market for Tesla, and such adjustments could influence demand and market dynamics.

Portfolio Pulse from Anan Ashraf

January 12, 2024 | 2:38 am

Tesla Inc (TSLA) achieved its target of 1.8 million EV deliveries in 2023, while BYD Company Limited (BYDDY) surpassed Tesla's quarterly sales. Ford Motor (F) is adjusting prices for its 2024 F-150 Lightning models. Worksport Ltd (WKSP) is increasing production capacity for its solar-powered tonneau cover and battery system for Hyundai Motor Company (HYMTF). Hyundai surpassed Ford and General Motors in U.S. EV sales, ranking behind Tesla. VinFast is entering the electric pickup market with its VF Wild concept. Worksport plans a second soft cover factory and is ramping up production in Buffalo, New York.

Portfolio Pulse from Upwallstreet

January 11, 2024 | 6:30 pm

Toyota Motor Corp (NYSE:TM) is planning to launch vehicles with advanced solid-state batteries in about two years, aiming to compete with EV leaders like Tesla Inc (NASDAQ:TSLA) and BYD Company (OTC:BYDDY). These batteries are expected to charge faster, have a longer life, and provide a driving range of 1,200 kilometers. Toyota collaborated with Idemitsu Kosan for development and targets commercialization between 2027 and 2028. Maruti Suzuki, a subsidiary of Suzuki Motor and Toyota's partner, will export its first battery EV to Japan and Europe. Toyota's stock (TM) saw a slight increase of 0.64% to $193.95.

Portfolio Pulse from Shivani Kumaresan

January 11, 2024 | 4:28 pm

Lucid Group, Inc. (NASDAQ:LCID) shares dropped after announcing Q4 deliveries, producing 2,391 vehicles and delivering 1,734. Full-year 2023 saw 8,428 vehicles produced and 6,001 delivered. Q4 financial results are expected on February 21, 2024. Tesla, Inc. (NASDAQ:TSLA) achieved its 1.8-million-unit delivery goal for 2023, while Rivian Automotive, Inc. (NASDAQ:RIVN) delivered 13,972 EVs in Q4. BYD Co., Ltd. (OTC:BYDDY) (OTC:BYDDF) surpassed Tesla as the largest EV manufacturer by volume. Lucid also integrated SiriusXM in Canadian vehicles. LCID shares fell 6.4% to $3.19.

Portfolio Pulse from Nabaparna Bhattacharya

January 11, 2024 | 3:22 pm

In Q4 2023, BYD Company Limited (OTC:BYDDY) outsold Tesla Inc (NASDAQ:TSLA) in EV sales for the first time, although Tesla met its annual goal with 1.8 million deliveries. Hyundai Motor Group (OTC:HYMTF) surpassed GM (NYSE:GM) and Ford (NYSE:F) in U.S. EV sales, with Hyundai and Kia gaining 7.5% of the U.S. market. Honda Motor Co Ltd (NYSE:HMC) and Nissan Motor Group Co Ltd (OTC:NSANY) also reported increased sales. Honda is considering a new EV plant in Canada and has partnered with GM for affordable EVs. Nissan is expanding its global EV presence and focusing on R&D with Tsinghua University.

Portfolio Pulse from Upwallstreet

January 10, 2024 | 8:52 pm

Goldman Sachs analyst Tina Hou initiated coverage on Nio Inc (NYSE:NIO) with a 12-month price target of $8.40, citing potential cost tailwinds and a light new model pipeline. Despite Nio's early mover advantage and premium brand, it faces declining market share and growth challenges against competitors like Tesla (TSLA), Li Auto (LI), XPeng (XPEV), and BYD (BYDDF, BYDDY). Nio's recent funding has eased immediate concerns, but positive FCF is not expected until post-2026. Risks include brand performance, battery price volatility, industry demand, competitive landscape, and liquidity issues. Nio's stock was slightly down at $8.05.

Portfolio Pulse from Surbhi Jain

January 08, 2024 | 6:54 pm

Electric vehicle stocks fell in the week ending Jan. 5, with Tesla's Q4 deliveries exceeding expectations but not enough to lift the sector. Tesla lost its global EV leader status to BYD, faced a recall in China, and will provide 2024 guidance on Jan. 24. Rivian's Q4 deliveries slightly missed estimates, while Fisker adopted a dealer distribution model. Ford adjusted F-150 Lightning prices, and GM plans to compensate buyers for lost EV tax credits. The KraneShares Electric Vehicles ETF fell by 5.53% for the week.

Portfolio Pulse from Shanthi Rexaline

January 06, 2024 | 2:59 pm

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