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., Ltd. has launched its first store in Suriname, marking its entry into the South American market. This expansion is part of BYD's strategy to capitalize on the global shift towards electrification. The company has introduced four models in Suriname and aims to expand its dealer network in Brazil significantly by the end of 2024.

Portfolio Pulse from Nabaparna Bhattacharya

September 03, 2024 | 2:19 pm

Tesla's stock is rising in premarket trading due to strong China sales in August, with a 17% increase from July. This performance aligns with domestic rivals like BYD, while Nio and Li Auto saw declines. Tesla's zero-interest financing may have contributed to the sales boost.

Portfolio Pulse from Shanthi Rexaline

September 03, 2024 | 11:20 am

Tesla sold 86,697 China-made EVs in August, marking a 17% increase from July and a 3% year-on-year growth. Despite intensifying competition from BYD and Li Auto, Tesla continues to expand its production and sales in China.

Portfolio Pulse from Anan Ashraf

September 03, 2024 | 7:14 am

Chinese EV makers reported steady sales in August amid intense competition. XPeng showed strong growth, while Nio and Li Auto saw slight declines from July. BYD's plug-in hybrids performed well. Tesla faces challenges in China due to competition and lack of low-end models.

Portfolio Pulse from Shanthi Rexaline

September 01, 2024 | 7:18 pm

The EV sector saw mixed results this week with Tesla extending its zero-interest financing in China, Rivian facing a fire incident, and XPeng surging due to strong demand for its new model. Lucid is working on affordable EVs, and BYD plans to expand internationally.

Portfolio Pulse from Shanthi Rexaline

August 31, 2024 | 1:33 pm

BYD Co., Ltd. has unveiled a new model series called Xia at the Chengdu auto show, with the Xia MPV as the first model. This vehicle is part of BYD's Dynasty lineup and features the company's fifth-generation DM hybrid technology. The Xia MPV is priced at approximately $42,340 and will be available later this year.

Portfolio Pulse from Nabaparna Bhattacharya

August 30, 2024 | 3:34 pm

Li Auto reported better-than-expected Q2 results despite challenges in the EV market, maintaining profitability alongside BYD. Li Auto regained its leading position in Chinese new energy SUV sales, surpassing Tesla in July. Despite thinned margins, Li Auto remains profitable and provided solid guidance for Q3.

Portfolio Pulse from Upwallstreet

August 30, 2024 | 1:21 pm

China's autonomous vehicle push raises job security concerns, but experts suggest new job opportunities will emerge. Tesla, Baidu, and other companies are advancing in the robotaxi market, with Tesla delaying its robotaxi unveiling to October.

Portfolio Pulse from Benzinga Neuro

August 30, 2024 | 6:24 am

Grab Holdings plans to add over 1,000 BYD electric vehicles to its Indonesian fleet, following Uber's lead in expanding green rides. This move is part of Grab's strategy to grow its mobility services and enhance its app with AI features. Despite a 17% revenue increase, Grab's stock has declined 15% over the past year.

Portfolio Pulse from Anusuya Lahiri

August 29, 2024 | 2:15 pm

Uber CEO Dara Khosrowshahi visited BYD's headquarters in China to discuss a partnership involving the deployment of 100,000 BYD electric vehicles on Uber's platform over the next five years. The collaboration will start in Europe and Latin America and expand to other regions, with plans to integrate self-driving technologies.

Portfolio Pulse from Anan Ashraf

August 29, 2024 | 10:32 am

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