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

BYD Co Ltd has launched its third electric vehicle model, the BYD Seal sedan, in Japan, directly competing with Toyota's RAV4 PHEV. The Seal will be available in two variants, with deliveries starting in July and August. BYD is offering an introductory discount for the first 1,000 customers.

Portfolio Pulse from Anan Ashraf

June 25, 2024 | 12:18 pm

Germany and China are negotiating to prevent a tariff war on electric vehicles (EVs) that could impact carmakers in both regions. The EU's proposed tariffs on Chinese EVs could lead to retaliatory tariffs from China on EU-made cars, affecting luxury German brands. The U.S. has also increased tariffs on Chinese EVs, benefiting domestic carmakers.

Portfolio Pulse from Natan Ponieman

June 24, 2024 | 7:46 pm

The EU's proposed tariffs on Chinese EVs are lower than expected, particularly for BYD, which faces a 17.4% tariff. This has led to a positive market reaction for BYD and other Chinese EV makers. The tariffs are not expected to significantly impact the profitability of these companies in Europe. Chinese EV companies are likely to set up factories in Europe to mitigate tariff and transport costs.

Portfolio Pulse from The Bamboo Works

June 21, 2024 | 3:07 pm

Canada is considering imposing tariffs on Chinese-made electric vehicles, following similar actions by the U.S. and the EU. This move aims to address China's overproduction of EVs and protect domestic industries.

Portfolio Pulse from Benzinga Neuro

June 21, 2024 | 9:58 am

BYD Co., Ltd. (OTC:BYDDF) (OTC:BYDDY) has achieved a milestone with over 1 million cumulative sales of its Yuan family models. The Yuan family, which includes the Yuan Up, Yuan Plus, and Yuan Pro SUVs, has significantly contributed to BYD's success in the new energy vehicle (NEV) market.

Portfolio Pulse from Nabaparna Bhattacharya

June 20, 2024 | 2:33 pm

XPeng CEO He Xiaopeng is in the U.S. testing Tesla's Full Self-Driving (FSD) software and comparing it with XPeng's Navigation Guided Pilot (XNGP). XPeng recently launched its flying car, the X2, in Beijing and revealed the first model from its sub-brand Mona, named Xpeng M03, which will use batteries from BYD. XPeng shares are trading slightly higher premarket.

Portfolio Pulse from Nabaparna Bhattacharya

June 20, 2024 | 11:39 am

Chinese carmakers have urged Beijing to increase tariffs on European gasoline cars in retaliation for the EU's tariffs on Chinese-made electric vehicles. This move could impact several car manufacturers, including BYD, BMW, Volkswagen, and Porsche.

Portfolio Pulse from Benzinga Neuro

June 19, 2024 | 11:57 am

Fisker Inc (OTCPK: FSRN) has filed for bankruptcy due to significant cash flow and manufacturing problems, leading to questions about the viability of the EV market. The bankruptcy follows a series of setbacks, including canceled pre-orders and a recall of its Ocean SUV. The news has implications for other EV manufacturers like Tesla, Rivian, and Lucid, as well as traditional automakers like Ford, GM, and Stellantis, who are also investing heavily in EVs.

Portfolio Pulse from Hayden Buckfire

June 18, 2024 | 9:26 pm

Berkshire Hathaway, led by Warren Buffett, has reduced its stake in Chinese electric vehicle maker BYD by selling 1.3 million Hong Kong-listed shares for HK$ 310.5 million ($39.8 million). This sale reduces Berkshire's stake in BYD to 6.90%. The reduction is part of a series of divestments over the years.

Portfolio Pulse from Shanthi Rexaline

June 17, 2024 | 12:55 pm

BYD's sub-brand Fang Cheng Bao has unveiled the Bao 3 EV model, which is now listed in China's MIIT catalog for sales approval. BYD remains a strong competitor to Tesla in the Chinese market, having surpassed Tesla in BEV sales in the last quarter of 2023.

Portfolio Pulse from Nabaparna Bhattacharya

June 14, 2024 | 6:41 pm

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