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 Co., supported by Warren Buffett's Berkshire Hathaway, is set to surpass Tesla as the world's top EV seller this quarter. BYD's Q3 sales were close to Tesla's, and with its October and November sales, it's likely to exceed Tesla's projected Q4 sales. This shift highlights China's growing influence in the EV market and introduces a new competitive dynamic between Tesla and BYD. BYD is expanding globally, including a new base in Hungary, while Tesla is planning a major Model Y overhaul from its Shanghai plant.

Portfolio Pulse from Benzinga Neuro

December 27, 2023 | 6:01 am

Tesla Inc (NASDAQ:TSLA) is planning a major overhaul of its Model Y, with production starting in mid-2024 at its Shanghai plant, to compete with rising rivals like BYD (OTC:BYDDF) (OTC:BYDDY) and Xpeng Inc. (NYSE:XPEV). The updated Model Y will feature significant changes and is crucial for Tesla's sales in China, where the Model Y accounts for 75% of its total sales. BYD, backed by Warren Buffett, may surpass Tesla in global electric car sales this quarter.

Portfolio Pulse from Benzinga Neuro

December 27, 2023 | 2:46 am

Tesla, Inc. (TSLA) shares are up in premarket trading following strong weekly insurance registrations for its made-in-China electric vehicles. The reported figure of 18,500 for the week of December 18-24 suggests robust demand, outpacing most domestic startups but still behind BYD Company Limited's (BYDDY, BYDDF) registrations. Li Auto, Inc. (LI) shared the data. Tesla's Q4 EV insurance registrations have already surpassed its previous quarterly record, indicating potential for meeting its annual delivery goal. Tesla's stock rose 0.59% in premarket trading after a drop in the previous session.

Portfolio Pulse from Shanthi Rexaline

December 26, 2023 | 11:03 am

BYD Co Ltd (OTC:BYDDY) is gaining attention as a strong competitor to Tesla Inc (NASDAQ:TSLA) in the electric vehicle market. BYD, which produces BEVs, PHEVs, and FCEVs, is close to surpassing Tesla's BEV sales, with a 70% year-over-year rise in vehicle sales. Despite similar operating profits, BYD's market cap is significantly lower than Tesla's, attributed to regional market differences. Over 90% of analysts rate BYD as a 'buy', and both companies are considered the only two investable EV companies by Future Fund Managing Partner Gary Black.

Portfolio Pulse from Anan Ashraf

December 23, 2023 | 5:26 pm

BYD Company (OTC:BYDDY), a Chinese electric vehicle manufacturer, is planning to establish a new energy vehicle production base in Szeged, Hungary. This expansion into the European market follows the success of their first European factory in Komarom, Hungary, and the production of their 6 millionth new energy vehicle in Zhengzhou. BYD's stock (BYDDY) saw a 0.83% increase to $52.63 on Friday.

Portfolio Pulse from Shivani Kumaresan

December 22, 2023 | 3:14 pm

NIO Inc (NYSE:NIO) stock rose over 8% in premarket trading after announcing a $2.2 billion strategic investment from CYVN Holdings. The investment will support NIO's expansion and technology collaborations internationally, particularly in Europe. CYVN's investment increases its ownership to approximately 20.1% of NIO's equity. The European Union is scrutinizing Chinese EV imports for potential competition rule violations. NIO is also a significant holding in the KraneShares MSCI China Clean Technology Index ETF (NYSE:KGRN), comprising 9.93% of its portfolio.

Portfolio Pulse from Surbhi Jain

December 18, 2023 | 1:33 pm

BYD Co Ltd has launched the BYD Song L electric SUV in China, directly competing with Tesla's Model Y. The Song L starts at 189,800 yuan (approx. $27,000), significantly lower than the Model Y's starting price of 266,400 yuan (approx. $38,000). BYD reported receiving 28,350 orders since presales began on Oct. 31. The company, backed by Warren Buffett's Berkshire Hathaway, has recently built its 6 millionth new energy vehicle and ceased production of oil-fueled vehicles in April of the previous year.

Portfolio Pulse from Anan Ashraf

December 16, 2023 | 8:46 am

Gary Black, Future Fund Managing Partner, is optimistic about Rivian Automotive Inc's prospects, expecting it to deliver 54,000 vehicles in 2023, including 14,000 delivery vans. AT&T Inc announced a pilot program to purchase EVs from Rivian, marking Rivian's first deal since ending its exclusivity agreement with Amazon.com Inc. Black predicts Rivian will become gross margin positive by Q4 2024 and EBITDA positive by 2026. Rivian shares closed 14% higher at $22.43 following the announcement.

Portfolio Pulse from Anan Ashraf

December 15, 2023 | 5:05 am

Tesla Inc (NASDAQ:TSLA) reported a 4.8% year-over-year increase in retail sales of new energy vehicles in China for November, securing a 7.8% market share. BYD (OTC:BYDDY) led with a 31.3% market share. Other competitors like Geely, SAIC-GM-Wuling, and Changan also made the top five, while Li Auto Inc (NASDAQ:LI) and Xpeng Inc – ADR (NYSE:XPEV) ranked sixth and tenth, respectively. Nio Inc – ADR (NYSE:NIO) fell out of the top 10. The Chinese NEV market hit a record with over 800,000 units sold in November, indicating the growing importance of this market for Tesla and its competitors.

Portfolio Pulse from Chris Katje

December 11, 2023 | 11:36 pm

Elon Musk, CEO of Tesla Inc (NASDAQ:TSLA), hinted at a revolutionary manufacturing process for an upcoming low-cost, high-volume Tesla vehicle, potentially priced at $25,000. Musk reviews the production line plans weekly and anticipates the vehicle will initially be produced at Giga Texas, then at Giga Mexico. He believes the future is electric and compares companies not transitioning to EVs to buggy manufacturers in the age of automobiles. Tesla shares closed at $238.72, up 120% YTD.

Portfolio Pulse from Chris Katje

December 05, 2023 | 11:23 pm

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