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

J.D. Vance criticized Kamala Harris and the Democratic Party for allowing a Chinese battery plant by Gotion in Michigan, linking it to the Inflation Reduction Act. The plant, a significant economic project, has faced opposition due to national security concerns. The issue highlights U.S.-China economic tensions and scrutiny over Chinese investments.

Portfolio Pulse from Benzinga Neuro

August 28, 2024 | 2:11 am

BYD, backed by Warren Buffett, partners with Huawei to integrate advanced autonomous driving systems into its off-road EVs. This move aims to boost sales of BYD's premium brands, despite potential regulatory challenges in the U.S.

Portfolio Pulse from Benzinga Neuro

August 27, 2024 | 9:54 am

Uber has partnered with GM's Cruise to expand its autonomous vehicle operations, adding Cruise's self-driving cars to its fleet by 2025. This partnership is part of Uber's broader strategy to integrate autonomous vehicles, which includes collaborations with Waymo and BYD. The news has positively impacted GM's stock, while Uber's stock has shown resilience. Analysts maintain a positive outlook on Uber and GM, with BofA and Goldman Sachs reiterating Buy ratings.

Portfolio Pulse from Natan Ponieman

August 23, 2024 | 5:08 pm

BYD Co., Ltd. is set to reveal the production model of its Ocean-M concept, named the Seal 06 GT, at the Chengdu auto show. This all-electric mid-size sedan is designed for young drivers and features BYD's latest technologies. The model will be available for purchase in the third quarter of this year.

Portfolio Pulse from Nabaparna Bhattacharya

August 23, 2024 | 4:56 pm

Chinese EV maker BYD is considering three Mexican states for a new manufacturing plant, evaluating various state incentives. The plant will initially produce 150,000 units, with plans to expand. The facility will focus on the Mexican market, with no current plans for U.S. market entry.

Portfolio Pulse from Nabaparna Bhattacharya

August 22, 2024 | 4:51 pm

Denza, a premium NEV brand under BYD, has launched pre-sales for its Z9GT hatchback with competitive pricing, aiming to boost sales. The Z9GT, featuring BYD's e3 technology, will start deliveries in September. Denza is a joint venture between BYD and Mercedes, with BYD holding a 90% stake.

Portfolio Pulse from Nabaparna Bhattacharya

August 21, 2024 | 2:41 pm

The European Union has reduced tariffs on Tesla's China-made electric vehicles to 9%, significantly lower than those for other Chinese automakers like SAIC, Geely, and BYD. This move could give Tesla a competitive advantage in the European market amid ongoing trade tensions.

Portfolio Pulse from Benzinga Neuro

August 21, 2024 | 9:14 am

BYD Co., Ltd. (OTC:BYDDY) is set to establish an electric vehicle (EV) plant in Pakistan, aiming to expand its global market presence. The company will display three models at its brand launch and plans to introduce battery-electric and plug-in hybrid vehicles. The plant, located near Karachi’s Port Qasim, is expected to be completed by the first half of 2026. BYD has partnered with Mega Conglomerate Pvt. and plans to open showrooms in Karachi, Lahore, and Islamabad, with sales starting in Q4 2023. The news also mentions competition from Toyota (NYSE:TM) and Honda (NYSE:HMC) in Pakistan.

Portfolio Pulse from Nabaparna Bhattacharya

August 16, 2024 | 3:07 pm

The article discusses the mixed performance of the EV market globally. While Tesla and traditional automakers like General Motors and Ford are experiencing slowdowns and challenges in the U.S. and Europe, China's EV market is booming. Worksport Ltd. is highlighted for its impressive revenue growth and upcoming innovative products.

Portfolio Pulse from Upwallstreet

August 15, 2024 | 6:54 pm

Tesla's Model Y remains the top-selling BEV in China from January to July 2024 with 298,384 units sold, despite a 17% year-over-year decline. The BYD Seagull is closing the gap with 227,293 units sold. Tesla's Model 3 is the third best-selling BEV. TSLA shares are trading lower by 0.20% premarket.

Portfolio Pulse from Nabaparna Bhattacharya

August 13, 2024 | 1:27 pm

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