Streetbeat News

BYDDY

BYD Co

http://www.byd.com/

Open

100.09

Mkt cap

156B

Volume

274K

High

102.98

P/E Ratio

31.99

52-wk high

103.38

Low

100.09

Div yield

0.01

52-wk low

50.00

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

U.S. stocks had a shaky start to 2024 after a strong finish in 2023. Apple Inc. faced a sell-off due to a downgrade by Barclays, raising concerns about its future market performance. Netflix Inc. is exploring revenue generation from its gaming business. Oil prices surged due to tensions in the Red Sea region. BYD Co. Ltd. surpassed Tesla Inc. in EV sales last quarter. The U.S. labor market remained strong with a better-than-expected December jobs report. Online holiday spending hit record levels, and Pharrell Williams was seen driving a Tesla Cybertruck.

Portfolio Pulse from Piero Cingari

January 05, 2024 | 9:03 pm

Goldman Sachs initiated coverage on Li Auto Inc (NASDAQ:LI) with a Buy rating and a price target of $52.90, suggesting a 52.9% upside. Analyst Tina Hou highlighted Li Auto's strong position in China's NEV market, innovative technology, and robust growth prospects with new model launches and an expanding sales network. Risks include market demand fluctuations and competition. Goldman is neutral on NIO Inc due to decreasing market share and a mature product lineup. Li Auto's growth is underscored by a 182% year-on-year increase in deliveries, with over 50,000 cars in December 2023.

Portfolio Pulse from Surbhi Jain

January 03, 2024 | 8:21 pm

BYD Co. Ltd. (OTC:BYDDY) (OTC:BYDDF) surpassed Tesla, Inc. (NASDAQ:TSLA) in Q4 sales volume, sparking debates among social media users and Tesla enthusiasts. Elon Musk emphasized that Tesla is an AI/robotics company, not just a car manufacturer. Tesla fans argue that BYD's success is limited to China and lacks Tesla's technological edge, such as full-self-driving (FSD) software. Despite Tesla's Cybertruck not generating expected excitement, analysts are hopeful about Tesla's future, especially with the anticipated $25K model. Ark Invest maintains a $2,000 price target for Tesla by 2027, with robotaxi operations being a significant value driver.

Portfolio Pulse from Shanthi Rexaline

January 03, 2024 | 12:44 pm

BYD Co Ltd is rewarding its dealers with 2 billion yuan for meeting 2023 sales targets after outselling Tesla in Q4 global electric car sales. Dealers receive 666 yuan per vehicle sold. BYD's aggressive expansion and price cuts, along with securing a level 3 autonomous driving test license, aim to boost sales and maintain its lead over Tesla.

Portfolio Pulse from Benzinga Neuro

January 03, 2024 | 7:26 am

Rivian Automotive Inc (NASDAQ:RIVN) experienced a stock sell-off after reporting Q4 deliveries that slightly missed forecasts, with 13,972 EVs delivered against an expected 14,114. However, production exceeded expectations at 17,541 vehicles, suggesting supply constraints rather than demand issues. Future Fund's Gary Black anticipates Rivian's 2024 production guidance to be at least 70,000 units. Rivian is seen as a potential strong competitor to Tesla Inc (NASDAQ:TSLA), which exceeded its Q4 delivery and production targets.

Portfolio Pulse from Shanthi Rexaline

January 02, 2024 | 7:18 pm

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