Streetbeat News

BYDDY

BYD Co

http://www.byd.com/

Open

100.09

Mkt cap

156B

Volume

274K

High

102.98

P/E Ratio

31.99

52-wk high

103.38

Low

100.09

Div yield

0.01

52-wk low

50.00

Tesla faces new competition in the electric vehicle market from Chinese company Skywell, known for its affordable TVs. Skywell unveiled the Q hatchback at the 2024 Paris Auto Show, aiming to compete with low-cost EVs like the VW ID.3 and BYD Dolphin. This adds pressure on Tesla's market share, especially in China.

Portfolio Pulse from Chris Katje

October 17, 2024 | 10:00 pm

Apple had a secret partnership with BYD to develop long-range EV batteries, spending nearly $1 billion annually on the project before abandoning it. The collaboration influenced BYD's current battery technology, but Apple has since moved on to other battery systems.

Portfolio Pulse from Ananya Gairola

October 17, 2024 | 2:35 am

Chinese carmakers, including Xpeng and GAC, have downplayed fears of challenging European legacy manufacturers with cheaper EVs, emphasizing their long-term commitment to the European market. This comes amid EU tariffs on Chinese EVs and potential trade tensions.

Portfolio Pulse from Benzinga Neuro

October 15, 2024 | 1:17 am

BYD criticized the EU's proposed tariffs on Chinese-made EVs at the Paris Car Show, warning of increased costs and market impact. The tariffs aim to counter alleged unfair subsidies from China, but have sparked debate and concerns over trade tensions.

Portfolio Pulse from Benzinga Neuro

October 14, 2024 | 12:45 pm

BYD aims to sell 100,000 EVs in Mexico by 2025, despite potential 200% tariffs on Chinese-made cars proposed by Donald Trump. The company plans to announce its first Mexican factory location by year-end, initially producing 150,000 vehicles. BYD is seeking tariff relief and exploring global markets amid trade challenges.

Portfolio Pulse from Benzinga Neuro

October 09, 2024 | 10:19 am

Tesla is set to unveil its latest model at the 'We, Robot' event, while Nissan joins BMW, Ford, and Honda in the ChargeScape joint venture to optimize EV charging. Worksport is launching new clean energy products, aiming for revenue growth and market expansion.

Portfolio Pulse from Upwallstreet

October 07, 2024 | 11:00 pm

The European Union has approved tariffs of up to 35.3% on Chinese-made battery electric vehicles, impacting companies like Tesla, BYD, Nio, and Xpeng. The tariffs aim to counteract alleged unfair subsidies and protect European manufacturers.

Portfolio Pulse from Anan Ashraf

October 04, 2024 | 11:36 am

Chinese EV makers, led by BYD, posted record sales in September, with Li Auto and Xpeng also achieving new highs. Nio saw significant growth but didn't hit a record. BYD's sales exceeded 400,000 units for the first time in a month. Tesla's production and deliveries increased, but its growth was smaller than expected.

Portfolio Pulse from Upwallstreet

October 02, 2024 | 7:55 pm

The European Union is considering final tariffs on Chinese electric vehicle (EV) makers to protect its own automobile industry. However, this move could lead to a trade war with China, affecting EU's export-dependent companies and critical raw material supplies. Automakers like BMW and Volkswagen have warned against these tariffs, fearing retaliatory measures from China. The EU remains dependent on China for essential raw materials, complicating the situation.

Portfolio Pulse from European Capital Insights

October 02, 2024 | 2:56 pm

BYD Co Ltd reported a 46% increase in September sales of new energy passenger vehicles, driven by a significant rise in plug-in hybrid sales. The company sold 417,603 vehicles, with plug-in hybrid sales up 86.2% and pure EV sales up 9%. BYD remains a key competitor to Tesla in the EV market.

Portfolio Pulse from Anan Ashraf

October 01, 2024 | 11:40 am

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