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

The EV sector experienced a significant downturn this week, influenced by broader market trends and specific company developments. Tesla raised prices for its Model S and Model X, while Ford shifted its EV production plans. Hyzon Motors saw a sharp decline due to a stock offering, and BYD expanded its dealership network in Vietnam. Additionally, Donald Trump announced plans to end the EV mandate if elected, which could impact the industry.

Portfolio Pulse from Shanthi Rexaline

July 20, 2024 | 3:22 pm

Thailand's investigation into BYD's EV discounts continues despite a cash-back program by its distributor, Rever Automotive. BYD, a major player in Thailand's EV market, faces consumer backlash over price reductions. The Thai government is pushing for more EV production, with BYD and other Chinese automakers investing heavily in the region.

Portfolio Pulse from Shivani Kumaresan

July 19, 2024 | 4:06 pm

BYD Co., Ltd. (OTC:BYDDY) has launched its premium NEV brand Denza in Cambodia with the opening of its first flagship showroom in Phnom Penh. The showroom spans nearly 600 square meters and includes various service areas. This marks Denza's first local delivery of the D9 MPV in Cambodia. Additionally, BYD plans to establish an EV plant in Cambodia capable of assembling 20,000 vehicles annually.

Portfolio Pulse from Nabaparna Bhattacharya

July 19, 2024 | 2:07 pm

BYD Co., Ltd. (OTC:BYDDY) plans to expand its dealership network in Vietnam from 13 to 100 locations by 2026, intensifying competition with local rival VinFast Auto Ltd. (NASDAQ:VFS). BYD will initially offer three models, including the Atto 3, and plans to expand to six models by October. All models will be imported for now, as plans for a local factory have stalled.

Portfolio Pulse from Nabaparna Bhattacharya

July 18, 2024 | 3:41 pm

BYD Co., Ltd. (OTC:BYDDY) plans to build an electric vehicle (EV) plant in Cambodia with a capacity to assemble 20,000 vehicles annually for domestic and international markets. This expansion follows BYD's previous market entries in Southeast Asia, including Thailand and Indonesia.

Portfolio Pulse from Nabaparna Bhattacharya

July 16, 2024 | 3:21 pm

BYD Company (OTC:BYDDY) reported an 88% increase in Japan sales in the first half of 2024, selling 1,084 vehicles. Despite the growth, BYD's sales in Japan remain modest. The company plans to expand its store count in Japan from 55 to 90 by the end of 2024. BYD's international NEV sales rose by 173.8% year-on-year, contributing 12.6% to its total NEV sales. The Japanese market accounted for 0.5% of BYD's overseas sales. BYDDY shares are trading lower by 0.28% at $62.88 in premarket.

Portfolio Pulse from Shivani Kumaresan

July 15, 2024 | 12:23 pm

BYD Company (OTC:BYDDY) is set to sign a $1 billion agreement with Turkey to build an EV manufacturing plant, enhancing its access to the EU market. The plant will be located in Manisa province and will serve both the EU and domestic markets. Turkey has reduced tariffs on Chinese motor vehicle imports to stimulate investment.

Portfolio Pulse from Shivani Kumaresan

July 05, 2024 | 4:10 pm

BYD Co., Ltd. (OTC:BYDDY) is under scrutiny in Thailand for aggressive discounting practices that have led to customer dissatisfaction. The Thai consumer protection agency has received around 70 complaints. BYD's CEO has assured fair future pricing and assistance for affected customers. Additionally, Denza, BYD's premium brand, has unveiled details of its new Z9GT model.

Portfolio Pulse from Nabaparna Bhattacharya

July 05, 2024 | 3:02 pm

Geely Automobile Holdings Ltd (OTC:GELYY) plans to introduce its premium electric vehicle (EV) brand, Zeekr (NYSE:ZK), to South Korea by 2026. The company aims to open showrooms in Seoul and Gyeonggi province by the end of next year, with the first model, Zeekr 001, expected to be delivered in early 2026. Geely faces challenges due to South Korea's new rule favoring EVs with higher recycled metal content. Geely has also partnered with Korea's SK Group and Posco International Inc. for battery development and sales. GELYY shares closed higher by 2.67% at $22.66 on Wednesday.

Portfolio Pulse from Shivani Kumaresan

July 05, 2024 | 3:02 pm

Chinese automakers are gaining market share in the UK, with significant increases in vehicle registrations, while US automakers like Tesla and Ford are seeing declines. This shift is attributed to aggressive pricing strategies by Chinese EV makers amid economic slowdowns at home.

Portfolio Pulse from Anan Ashraf

July 05, 2024 | 2:59 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.