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

Nissan and Honda are considering a partnership to develop automotive software and EV charging infrastructure to enhance their competitiveness in the electric vehicle market. This move aims to help them catch up with competitors like Tesla and BYD.

Portfolio Pulse from Benzinga Neuro

July 05, 2024 | 2:59 pm

BYD is set to surpass Tesla in BEV sales by 2024, driven by strong growth in the Chinese market. BYD reported a 21% increase in EV sales in Q2, while Tesla's deliveries declined by 4.8%. The EU plans to impose additional tariffs on Chinese EV companies, which may push them towards emerging markets.

Portfolio Pulse from Nabaparna Bhattacharya

July 03, 2024 | 1:13 pm

Warren Buffett-backed Chinese EV giant BYD is opening its first Southeast Asia factory in Thailand, coinciding with new EU tariffs on Chinese EVs. The $486 million facility aims to export most of its 150,000 annual capacity to Southeast Asia and Europe. Despite challenges, including reduced profit forecasts and Berkshire Hathaway reducing its stake, BYD continues its aggressive international growth strategy.

Portfolio Pulse from Benzinga Neuro

July 03, 2024 | 8:24 am

BYD Company (OTC:BYDDY) saw a 21% increase in Q2 EV sales, selling 426,039 units and narrowing the gap with Tesla (NASDAQ:TSLA). BYD also launched five new electric models in Tunisia and entered a strategic partnership with Ayvens SA to expand in Europe. Tesla is expected to report a 6% decline in Q2 deliveries.

Portfolio Pulse from Vaishali Prayag

July 02, 2024 | 7:27 pm

BYD Company (OTC:BYDDF) has partnered with French car-leasing firm Ayvens SA to distribute its electric vehicles in Europe, initially targeting France, the Netherlands, Belgium, and Luxembourg. The partnership aims to provide tailored EV fleet solutions and white-labelled leasing services. BYD is also increasing its presence in Europe by sponsoring Euro 2024 and building a factory in Hungary. However, BYD faces regulatory challenges as the EU plans to impose tariffs on Chinese-made EVs.

Portfolio Pulse from Shivani Kumaresan

July 02, 2024 | 3:58 pm

BYD Co., Ltd. has launched five electric vehicle models in Tunisia, expanding its presence in the African market. The launch includes three battery electric vehicles (BEVs) and two plug-in hybrid electric vehicles (PHEVs). This move follows a visit by the Tunisian President to BYD's headquarters and marks a significant step in BYD's international expansion.

Portfolio Pulse from Nabaparna Bhattacharya

July 02, 2024 | 2:37 pm

BYD Company reported a 21% increase in EV sales for Q2, selling 426,039 units, just 12,000 fewer than Tesla's estimated deliveries. Tesla is expected to announce a 6% decline in Q2 deliveries due to competition in China and reduced demand for older models. Nio also saw significant gains with over 57,300 units delivered in Q2.

Portfolio Pulse from Shivani Kumaresan

July 02, 2024 | 11:09 am

The electric vehicle (EV) sector saw significant developments this week, including Tesla's upcoming Q2 deliveries, Rivian's partnership with Volkswagen, and Nikola's deal with Walmart Canada. Tesla's delivery numbers are anticipated with mixed expectations, Rivian's stock surged on a financing deal, and Nikola delivered its hydrogen fuel-cell trucks to Walmart Canada. Other notable mentions include BYD's new plant in Uzbekistan and Ford's plans for a low-cost EV.

Portfolio Pulse from Shanthi Rexaline

June 29, 2024 | 1:48 pm

BYD Co., Ltd. (OTC:BYDDY) (OTC:BYDDF) has commenced production of its first hybrid SUVs at its Uzbekistan plant, marking a significant milestone. The company aims to drive green transportation in the region and has plans to expand its NEV industry in Central Asia. Additionally, BYD has started selling a third electric model in Japan.

Portfolio Pulse from Nabaparna Bhattacharya

June 28, 2024 | 4:53 pm

Warren Buffett's Berkshire Hathaway is reducing its stake in BYD Co., Ltd. to less than 6%, despite BYD's record sales. Berkshire sold 2.02 million Hong Kong-listed shares of BYD, fetching $60.61 million. This follows an earlier sale of 1.3 million shares. BYD continues to see strong sales and profits.

Portfolio Pulse from Nabaparna Bhattacharya

June 25, 2024 | 2:05 pm

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