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

Tesla's vehicle sales in China rebounded in July with a 15% year-over-year increase and a 7.8% market share of new electric vehicles. August sales are expected to be strong due to a holiday and buying incentives, potentially boosting Tesla's Q3 performance. Tesla's Shanghai gigafactory delivered 46,277 vehicles domestically in July, marking the best first month for a quarter in China. The Tesla Model Y was the bestselling new energy vehicle in China for the first half of 2024. Despite competition from BYD and demand concerns in the US, the strong rebound in China is positive for investors.

Portfolio Pulse from Chris Katje

August 12, 2024 | 6:33 pm

Toyota Motor Corp (NYSE:TM) has seen a significant decline in its stock price, now trading at $168, which is 33% below its 52-week high. The downturn is attributed to a broader sell-off in Japanese equities and unwinding of speculative yen carry trades. Despite no immediate rate hikes from the Bank of Japan, Toyota faces challenges including reliance on hybrid technology and certification irregularities. Technical indicators show a bearish trend, with the stock below key moving averages.

Portfolio Pulse from Surbhi Jain

August 09, 2024 | 6:07 pm

Chinese EV startups Nio, XPeng, and Li Auto have significantly increased their R&D spending, with Nio and XPeng reporting net losses. In comparison, Tesla and BYD have lower R&D expenses as a percentage of revenue but higher vehicle deliveries. American startups Rivian and Lucid also reported high R&D costs and net losses.

Portfolio Pulse from Anan Ashraf

August 05, 2024 | 12:06 pm

Tesla registrations in the UK fell by 13% till the end of July, with a 22% drop in July alone. Ford also saw a 31% dip in new registrations last month. In contrast, Chinese EV maker BYD saw an 848% increase in registrations, and MG Motor saw a 2.7% rise. Volkswagen was the best-selling brand in the UK in July.

Portfolio Pulse from Anan Ashraf

August 05, 2024 | 10:11 am

Berkshire Hathaway's cash position has increased to $277 million, sparking speculation about potential investments, including Tesla. However, fund manager Gary Black notes that Warren Buffett's value investing strategy is unlikely to align with Tesla's high valuation. Despite social media buzz, Buffett has historically preferred stocks with lower price-earnings multiples.

Portfolio Pulse from Shanthi Rexaline

August 04, 2024 | 5:12 pm

The EV sector faced selling pressure last week amid a broader market downturn. Tesla's stock dipped despite strong sales in China and positive updates on its FSD technology. Uber partnered with BYD to introduce 100,000 new EVs to its platform. Lucid Motors provided an update on its Gravity SUV production. Ford reported a significant increase in EV sales for July. The KraneShares Electric Vehicles and Future Mobility Index ETF fell 3.47% for the week.

Portfolio Pulse from Shanthi Rexaline

August 03, 2024 | 5:30 pm

Tesla's China sales surged 15% year-on-year in July, selling 74,117 vehicles, despite a slight dip in the overall NEV market. This marks a 4.38% increase from June. Tesla's Shanghai factory continues to be a key production and export hub.

Portfolio Pulse from Nabaparna Bhattacharya

August 02, 2024 | 11:41 am

BYD Co Ltd reported a 31% increase in new energy passenger vehicle sales in July, despite a 4% drop in pure EV sales. The decline in BEV sales was offset by a 67% rise in hybrid vehicle sales. Li Auto, XPeng, and Nio also reported their July delivery numbers, with Li Auto leading the pack.

Portfolio Pulse from Anan Ashraf

August 02, 2024 | 7:11 am

Tesla CEO Elon Musk has warned that BYD, a Chinese EV maker backed by Warren Buffett's Berkshire Hathaway, needs to change its approach to vehicle autonomy quickly to avoid becoming obsolete. This comes after a BYD spokesperson stated that fully autonomous driving is 'basically impossible.' The warning coincides with Uber's announcement of a partnership with BYD to bring 100,000 new BYD vehicles onto its platform and collaborate on future autonomous-capable vehicles.

Portfolio Pulse from Anan Ashraf

August 01, 2024 | 8:31 am

Uber Technologies, Inc. (NYSE:UBER) and BYD Co. Ltd. (OTC:BYDDY) have announced a multi-year strategic partnership to add 100,000 new BYD electric vehicles to the Uber platform in key global markets. The initiative aims to lower the total cost of EV ownership for Uber drivers and boost global EV adoption. The partnership will start in Europe and Latin America and later expand to other regions. UBER stock has risen over 30% in the last twelve months, and investors can gain exposure via IShares Trust IShares U.S. Transportation ETF (BATS:IYT) and Franklin Disruptive Commerce ETF (BATS:BUYZ).

Portfolio Pulse from Lekha Gupta

July 31, 2024 | 5:57 pm

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