1211.HK - BYD Company Limited

HKSE - HKSE Delayed Price. Currency in HKD
41.800
0.000 (0.00%)
As of 2:05PM HKT. Market open.
Stock chart is not supported by your current browser
Previous Close41.800
Open42.000
Bid41.800 x 0
Ask41.850 x 0
Day's Range41.500 - 42.200
52 Week Range37.050 - 60.900
Volume1,215,615
Avg. Volume4,681,859
Market Cap139.08B
Beta (3Y Monthly)0.83
PE Ratio (TTM)39.48
EPS (TTM)1.059
Earnings DateN/A
Forward Dividend & Yield0.23 (0.55%)
Ex-Dividend Date2019-06-11
1y Target Est57.32
  • Despite New Developments, Nio Stock Makes TSLA Look Stable
    InvestorPlace

    Despite New Developments, Nio Stock Makes TSLA Look Stable

    Nio (NYSE:NIO) stock has seen a nice rebound since the start of September. The Nio stock price has bounced from a low of $2.58 on September 3 to $3.12 at the close September 16. With new financing in place, Nio could hang on as it pursues the path to profitability.Source: xiaorui / Shutterstock.com But is a turnaround realistic?Tesla (NASDAQ:TSLA) will soon open its Shanghai facility. The Chinese EV market is an opportunity, but Nio does not appear to have a clear-cut edge.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Tech Stocks You Should Avoid Now Will the company survive and thrive? The future has yet to be written. But given the valuation of Nio stock, investors should continue to practice caution. Recent Developments With Nio StockWhether you are a Nio stock bull or bear, you can't deny one thing: The company needs cash. Earlier this month, the company raised $200 million via a convertible debt offering. The buyers were Chinese conglomerate Tencent Holdings (OTCMKTS:TCEHY) and Nio's own CEO, William Li. The convertible notes come in two tranches. The first tranche matures within a year, and is convertible at $2.98 per share. The second tranche matures in three, and is convertible at $3.12/share. This successful financing helped to push up the Nio stock price. As I have discussed previously, financing is of big importance to Nio. The company not only loses money on an operating basis, but posts negative gross margins as well. The company is no stranger to convertible debt, raising $650 million last January using convertible notes. But while convertible debt is a cheap, it is dilutive. If NIO does manage to turn itself around, much of the upside will be soaked up by bondholders exercising their conversion rights.The other major morsel of news was the China-U.S. trade talks. The two countries plan to resume high-level trade talks in October. The trade war affects the company, but not in a direct way since its core market is domestic. China's economy continues to cool. The last thing it needs is a trade war that exacerbates these growth concerns. With a slowing economy, EV makers will have a tough time selling their vehicles. With the Chinese government cutting EV subsidies, demand will continue to slack for the company's E6 and E8 vehicles.This means NIO stock's bounce back may be a short lived. While the Nio stock price has fallen ~70% from all-time highs, shares remain overvalued. Competition Makes NIO's Valuation Mind-BogglingNio stock is overvalued. There's no two ways about it. With the company unprofitable, the only usable metric is the enterprise value/sales (EV/Sales) ratio. The stock currently trades at an EV/Sales ratio of 4.2. Compare this to Tesla, which trades at an EV/Sales of 2.2.Why pay a premium when you get get Chinese electric vehicle (EV) exposure with TSLA? Yes, Nio stock is more likely to see parabolic growth due to its size. Tesla is too big to see a 500% or 1000% return if all catalysts play out. But at least Tesla has positive gross margins. Nio continues to sell cars for less than their production cost. Its hard to see how that will play out favorably.Protectionist policies may favor NIO over foreign-owned EV brands like Tesla. But what's to say they have any particular edge over other Chinese companies? There are scores of other automakers making electric vehicles in China. Take a look at this chart of Chinese EV sales in May. The top dogs are BAIC, BYD (OTCMKTS:BYDDF), SAIC, JAC, and Chery. With the exception of BYD, all of these are state-owned enterprises. The state-owned Chinese automakers have the scale and resources to one day build EVs profitably. I could see Nio eventually getting absorbed by one of the state-owned Chinese automakers. Nio already builds its vehicles in a JAC-owned facility.High investor exceptions prop up the Nio stock price. But if more bad news comes out of the company, these speculators could make a run for the exits. Nio Stock Remains a Hard PassThere is too much risk and not enough opportunity with Nio stock. The company's losses require additional capital infusions. Until the next earnings release (on September 24), investors remain in the dark about the company's cash position. But despite these risks, shares remain overvalued. The Nio stock price continues to imply the automaker will be a major player. But there is little to suggest they have an edge against state-owned automakers, or foreign brands such as Tesla.The stock remains a hard pass. While it is possible shares could rally on better-than-expected performance, shares could easily nosedive if results are worse than projected. There is nothing wrong with paying a premium for a company going places. But NIO is not exactly setting the world on fire. * 7 Momentum Stocks to Buy On the Dip Consider opportunities elsewhere, and avoid Nio stock.As of this writing, Thomas Niel did not hold a position in any of the aforementioned securitiesThe post Despite New Developments, Nio Stock Makes TSLA Look Stable appeared first on InvestorPlace.

  • Is BYD Company Limited's (HKG:1211) CEO Paid At A Competitive Rate?
    Simply Wall St.

    Is BYD Company Limited's (HKG:1211) CEO Paid At A Competitive Rate?

    The CEO of BYD Company Limited (HKG:1211) is Chuan-Fu Wang. This analysis aims first to contrast CEO compensation with...

  • Buffett-Backed BYD Close to Battery Supply Deal With Audi
    Bloomberg

    Buffett-Backed BYD Close to Battery Supply Deal With Audi

    (Bloomberg) -- Volkswagen AG’s Audi luxury-car brand is in talks to add China’s BYD Co. as a supplier of batteries used in its premium electric vehicles, according to people familiar with the matter.Negotiations with Warren Buffett-backed BYD, China’s top electric-car manufacturer and No. 2 auto-battery supplier, are at an advanced stage, the people said, asking not to be identified because the talks are private. BYD is also in discussions with other automakers about battery-supply deals, one of the people said. There’s no guarantee that an agreement with Audi will be reached, the people said.Carmakers are seeking to diversify supplies of critical components as the rollout of electric models gains traction. VW plans to deliver 22 million fully electric vehicles worldwide by 2028, with more than half of them built in China, where BYD makes batteries. Audi currently uses battery cells from Contemporary Amperex Technology Co. Ltd. for its Q2L e-tron sport utility vehicle sold in China.In May, concerns over a battery supply deal with Samsung SDI Co. unraveling in Europe pushed VW to rework details after pledged supplies shrank to less than 5 gigawatt hours from just over 20 gigawatt hours. For BYD, teaming up with a global luxury brand like Audi will help it take on bigger rival CATL. The two Chinese companies are emerging as challengers to Tesla Inc. suppliers Panasonic Corp. and LG Chem Ltd.Shares of BYD rose as much as 3.7% and were up 3.4% at 9:59 a.m. in Hong Kong. The stock is down 21% this year. Volkswagen rose 1.1% in late trading Thursday, boosting gains this year to about 5%.BYD’s batteries would be used to equip upscale cars made on the Premium Platform Electric architecture jointly developed by Audi and Porsche, said one of the people. The first models are slated to hit the market around 2021.An Audi spokeswoman said the company is in talks with several manufacturers, and no decision has been made. BYD didn’t have any information to disclose at this point, according to a spokeswoman.Audi and BYD had also explored options for deeper ties including a development joint venture or acquiring a stake in the Chinese supplier’s battery unit, the people said. It’s unclear how far those talks progressed, they said.Spin-Off PlansBYD plans to list its battery business by the end of 2022 to help raise funds for expansion as the industry shifts to electric cars, Chairman Wang Chuanfu said in December.BYD has so far been focusing on making batteries for its own car assembly only, becoming China’s top maker of so-called new energy vehicles while missing out on taking a bigger slice of growing battery demand in the world’s largest electric-vehicle market. The value of batteries used in electric cars, electric buses and related energy storage is set to balloon about 10 times to a potential $500 billion by 2050, according to Sanford C. Bernstein & Co.BYD also cooperates with Audi rival Daimler AG on making the Denza brand of electric vehicles.(Updates with BYD shares in fifth paragraph.)To contact Bloomberg News staff for this story: Haze Fan in Beijing at hfan40@bloomberg.net;Christoph Rauwald in Frankfurt at crauwald@bloomberg.net;Tian Ying in Beijing at ytian@bloomberg.netTo contact the editors responsible for this story: Young-Sam Cho at ycho2@bloomberg.net, ;Anthony Palazzo at apalazzo@bloomberg.net, Elisabeth Behrmann, Ville HeiskanenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • China's Auto Stimulus Won't Delight Its Gridlocked Cities
    Bloomberg

    China's Auto Stimulus Won't Delight Its Gridlocked Cities

    (Bloomberg Opinion) -- Is China’s 14-month car crash at an end?After more than a year of declining sales, the country’s auto industry has relief in sight. Beijing’s ruling State Council told city governments to loosen or cancel restrictions on new car sales designed to limit congestion, as part of a package of measures announced Tuesday to get sputtering economic growth back on track.The news put some octane in the tank of mainland automakers. Shares in Guangzhou Automobile Group Co. and SAIC Motor Corp. surged. On the MSCI China Automobiles index, only BYD Co. and BAIC Motor Corp. failed to gain ground Tuesday. Both have invested heavily in electric vehicles favored by existing rules, so may lose out from a policy change.There’s just one problem with the euphoria: Ultimately, local governments will choose what to do, and their reasons for rationing private vehicle use haven’t changed.As we’ve written, the basic justification for China’s restrictions on car use are a matter of capacity. The country just doesn’t have sufficient road space to accommodate car ownership on the scale of the U.S., Japan and western Europe. That’s especially the case when you consider that the Tier One cities of Beijing, Tianjin, Shanghai, Guangzhou and Shenzhen are already more densely populated than Tokyo (and far more so than cities in the U.S. and Europe). They’re also set to add millions of internal migrants over the coming decade.The restrictions – limiting sales to those who’ve received ownership licenses under a quota system, and banning driving on alternate days – are already widespread. Even Guiyang, the relatively sleepy capital of dirt-poor Guizhou province, operates a buyers’ quota. The State Council’s urging is having some effect. Guangzhou and Shenzhen have increased their quotas in recent months, according to Caixin Global. But the same is unlikely to happen in Beijing because congestion is too bad, Caixin reported, citing a source close to the city government.That gets to the heart of the problem. China’s cities aren’t controlling car use for the sake of it, but because they’re trying their best to deal with profound problems of congestion and pollution as populations and incomes rise.They also have to look after their investments. Chinese cities built 653 kilometers (406 miles) of new metro networks and 94 kilometers of new light rail in 2018 alone, equivalent to about twice the length of the New York subway. In total, 35 cities had a total of 5,761 kilometers of track between them at the end of last year, enough to stretch from Beijing to Moscow. Paying back all that spending will depend on keeping up ridership, so there’s no strong incentive for city governments to encourage travelers to switch to the roads.Indeed, looking at the rest of the State Council’s announcement you could be forgiven for thinking that the policy was drafted to encourage gentrifying inner-city hipsters rather than suburban drivers. The car recommendation forms just one of 20 proposals on the list. Far more prominent, in aggregate, are suggestions for building pedestrian areas, setting up night markets and urban festivals, building fitness centers and entertainment precincts in former factories, regenerating depressed districts, and offering credit and support for buying green appliances and electric or hybrid cars.Even the deepest declines come to an end eventually. It wouldn’t be surprising if China’s car sales do start to gradually recover toward the end of the year, not least because the year-earlier comparisons are more flattering now that they’re being set against the grim results from the second half of 2018, rather than the strong figures from 2017. Nonetheless, China’s auto industry is facing up to the demand peak that richer nations encountered a decade or more ago. This market isn’t about to hit a brick wall – but it’s running out of road.To contact the author of this story: David Fickling at dfickling@bloomberg.netTo contact the editor responsible for this story: Matthew Brooker at mbrooker1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.David Fickling is a Bloomberg Opinion columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • BYD's profit triples as China's electric car boom continues
    Reuters

    BYD's profit triples as China's electric car boom continues

    Chinese electric car maker BYD Co Ltd posted a 203.6% rise in first-half profit on Wednesday, as China's new energy vehicle market continues to surge. The Shenzhen-based company, which is backed by U.S. investor Warren Buffett and whose products include battery electric and plug-in hybrid vehicles, posted net profit of 1.45 billion yuan ($205.29 million), up from 479.10 million yuan a year earlier. BYD, whose models include the Song series and the Qin plug-in hybrid electric vehicle, aims to move to completely electric-powered vehicles.

  • Should We Worry About BYD Company Limited's (HKG:1211) P/E Ratio?
    Simply Wall St.

    Should We Worry About BYD Company Limited's (HKG:1211) P/E Ratio?

    Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll look at BYD...

  • Should You Be Concerned About BYD Company Limited's (HKG:1211) ROE?
    Simply Wall St.

    Should You Be Concerned About BYD Company Limited's (HKG:1211) ROE?

    Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...

  • InvestorPlace

    Don’t Bet on the Long Shot That Is Nio Stock Because It Won’t Pay Off

    Shares of Nio (NYSE:NIO) stock have been hit hard. The Chinese electric-vehicle manufacturer currently trades at $2.60/share, down from its IPO price of $6.26/share. The Nio stock price is down more than 80% from its all-time high of $13.80/share.Source: Nio With a weak local auto market, a trade war that prevents American expansion, and a slew of issues such as battery fires, is "China's Tesla" still a strong opportunity?I say "No." Despite high expectations the company will become the "Chinese Tesla," this has yet to be realized. The company continues to generate not only losses but negative gross margins. With a weak balance sheet, the company needs continued dilutive capital infusions.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe Chinese electric vehicle market is overly saturated. And with the relaxation of foreign-ownership laws, companies like Tesla (NASDAQ:TSLA) are moving into the market as well. * 10 Stocks That Should Be Every Young Investor's First Choice Tie all of these together, and "China's Tesla" remains a long shot, with too many risks outweighing the upside. Investors have better opportunities elsewhere, and should avoid/sell their Nio shares. Nio's Local Market IssuesAccording to Reuters, Chinese car sales declined for the first time since the 1990s. April vehicle sales were down 14.6% year-over-year. Chinese electric vehicle sales have not declined, but sales growth has flattened. May 2019 EV sales were up only 1.8% YOY.To counter this slump, the Chinese government is increasing the number of car licenses. But despite this state support, the Chinese government has decided to phase out EV subsidies. The EV subsidy cut has materially impacted Nio's performance, with sales falling 50% from the previous quarter . Additional Risks Impact Nio StockThe U.S.-China trade war is another risk factor. The company expected to commence sales in America starting next year. But with all the uncertainty regarding trade, among other issues, Nio has shelved these plans.Nio continues to be reliant on third-party manufacturers. The company makes its cars at a state-owned JAC Motors facility. Nio essentially subsidizes the JAC plant's operations, with the company agreeing to compensate for losses until April 2021.Like other electric vehicle makers, battery fires have been an issue. On June 27, Quartz reported that 4,800 of Nio's flagship ES8 SUV were recalled due to battery fire issues. This was about 1/3rd of ES8s out on the road.Put all these risks together, and it is clear that the company is not ready for prime time. But despite these red flags, US investors continue to give the company an inflated valuation. Nio Stock ValuationDespite many risks, Nio stock continues to trade at a high valuation. A look at their most recent financials highlights a variety of red flags: * Vehicle sales down 54.6% YOY * Negative gross margin of 13.4% * Net loss of $395.2m ($0.38/shares) * Q2 2019 sales anticipated to decline an additional 20-30% from the first quarterTo keep the company operational, state-owned fund E-Town Capital has invested $1.45 billion into a joint venture (Nio China). This partnership will give the cash needed to operate/expand. E-Town capital will also help the company build a factory and/or find new manufacturing partners.While this arrangement keeps the company solvent, it highlights the risk of dilution. The Nio stock price could fall further if the capital infusions continue.The Nio stock price has been supported by the fact it is the only pure play Chinese EV maker trading on a major exchange. With competitors such as BYD (OTCMKTS:BYDDF) trading over-the-counter in the US, Nio is the more liquid Chinese EV play.But easy access doesn't make a good investment. The fundamentals of the company are weak. With heavy competition from more established car makers, Nio needs nothing short of a miracle to reverse their sales declines. Bottom Line on Nio Stock Of all the long-shot "story stocks" out there, Nio may be one of the least attractive opportunities. With a weak home market, wobbly balance sheet, and high expectations as "China's Tesla," the company has yet to produce results. With Tesla opening a facility in Shanghai, why invest in the "Tesla of China" when Tesla itself is in China?On the other hand, with heavy short interest, a squeeze is inevitable. But playing a short-squeeze can be like catching a falling knife. Timing the market is tough, as you can't predict the unpredictable.For the time being, NIO is a hard pass. Unless the company succeeds in gaining critical mass in its home market, I doubt it will become "China's Tesla".As of this writing, Thomas Niel did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks That Should Be Every Young Investor's First Choice * 5 IPO Stocks to Buy -- According to Wall Street Analysts * The Top 10 Best Sectors in the Market for 2019 The post Don't Bet on the Long Shot That Is Nio Stock Because It Won't Pay Off appeared first on InvestorPlace.

  • Bloomberg

    Europe Thinks Like China in Building Its Own Battery Industry

    The European Union is starting to act like China when it comes to building the batteries that will drive the next generation of cars and trucks.In the past few months, government officials led by European Commission Vice President Maros Sefcovic have joined with manufacturers, development banks and commercial lenders on measures that will channel more than 100 billion euros ($113 billion) into a supply chain for the lithium-ion packs that will power electric cars.Germany and France are prodding for action out of concern that China is racing ahead in new technologies sweeping the auto industry. With 13.8 million jobs representing 6.1% of employment linked to traditional auto manufacturing in the EU, authorities want to ensure that manufacturers can pivot toward supplying electric cars and batteries.“We are walking the talk,” Sefcovic said in remarks to Bloomberg. “We have overcome an initial resignation that this battle would be a lost one for Europe.”A number of trends are catalyzing the program, starting with the determination by EU nations to rein in greenhouse gases and fight climate change. They’re increasingly focused on reducing pollution from diesel engines and alarmed at the head start Chinese companies have in greener technologies. French President Emmanuel Macron in February said he “cannot be happy with a situation where 100% of the batteries of my electric vehicles are produced in Asia.”Drive Trains Go ElectricSo far, the EU’s program is starting to work and putting Europe on track to wrest market share away from China. By 2025, European companies that currently lack a single large battery maker will rival the U.S. in terms of capacity, according to forecasts from BloombergNEF. Measures that will spur investment include:France and Germany are working on measures to channel billions of euros into the battery industry. Sefcovic has said the EC may be able to embrace the state-aid proposal as a special project by the end of October. The two nations are seeking to draw in additional support from Spain, Sweden and Poland.The European Investment Bank gave preliminary approval in May to a 350 million-euro loan supporting NorthVolt AB’s bid to build a battery gigafactory in Sweden after the company completed a fund raising. The EIB along with the European Bank for Reconstruction & Development are working on a “raw materials investment facility” that will help to build a supply chain for rare Earth metals needed for batteries, according to Sefcovic who says he hopes the program will be launched by the end of the year. The EU in May started a 100 million-euro Breakthrough Energy Ventures fund with Microsoft Corp. founder Bill Gates and other investors to advance the energy transition, which is likely to include batteries. The EC has gathered at least 260 industrial companies including Peugeot SA, Total SA and Siemens AG in an alliance aimed at building capacity to make the energy storage devices in Europe.“A year or two ago, everyone was under the impression that it was already too late for Europe,” said James Frith, an energy storage analyst at BloombergNEF in London. “But they’ve made a commitment, and Europe is in a strong position now.”By 2025, Europe may control 11% of global battery cell manufacturing capacity, up from 4% now, according to Frith. That will pare back China’s market share and rival the U.S. command of the industry. The EC estimates the battery market may be worth 250 billion euros a year by then. It estimates at least 100 billion euros already has been committed to battery factories or their suppliers in Europe.The goal is to build enterprises in Europe that could supply the region’s automakers without requiring imports from the major battery manufacturing centers in Asia. Currently, Contemporary Amperex Technology Co., or CATL, and BYD Co. dominate production in China. Elon Musk’s Tesla Inc. is also building battery gigafactories in the U.S.So far, Europe has no established battery supply chain, though it has drawn investment in local factories from Korean firms including LG Chem Ltd. and Samsung SDI Co. as well as CATL.The new ambition of the commission is to stimulate companies big enough to supply the likes of BMW AG and Volkswagen AG, which plan a massive increase in electric car production. Across the industry, the outlook is for a rising portion of cars to run on batteries in the coming years.No single company will get the lion’s share of the investment or aid. Instead, dozens will benefit in addition to Peugeot and Total, which are building a cell plant in Kaiserslautern, Germany. Funds will also trickle into suppliers of parts or raw materials including Siemens, Umicore SA, Solvay SA and Manz AG.Scarred by losing control of the solar industry in the last decade, Germany is leading the push. The nation was the biggest producer of solar cells in the early 2000s before Chinese companies backed by government loans took the lead.When it comes to batteries, Economy and Energy Minister Peter Altmaier is focused on the 800,000 jobs in Germany tied directly to car manufacturing. Batteries account for about a third of the value of an electric car, and without facilities to make those in Europe, more jobs will go to Asia, Altmaier has said.“There’s going to be huge demand in Europe for battery cells,” Altmaier said on ARD Television in June. “We must have the ambition to build the best battery cells in the world in Europe and Germany.”Sefcovic envisions 10 or 20 “gigafactories” making battery cells across Europe and with his support the European Battery Alliance is seeking to coordinate research that will be the foundation of the plan. NorthVolt intends to be one of the major battery makers, feeding BMW and other major automakers.“If we want to be one of the major manufacturers in Europe by 2030 we need to build about 150 gigawatt-hours of capacity,’’ said NorthVolt Chief Executive Officer Peter Carlsson. “The customer demand is so strong that we are accelerating our plans. We have taken a huge step on the way to create a new Swedish industry that will have a big impact in cutting our dependence of fossil fuels.’’To contact the reporters on this story: Ewa Krukowska in Brussels at ekrukowska@bloomberg.net;Jesper Starn in Stockholm at jstarn@bloomberg.netTo contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net, Brian ParkinFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters

    UPDATE 1-Chinese electric automaker BYD opens first plant in Canada

    Chinese electric vehicle maker BYD Co Ltd said on Tuesday it had opened its first plant in Canada, which will initially focus on assembling buses for the Toronto Transit Commission, a public transport agency. The 45,000 sq.ft. facility is based in Ontario and the transport agency will receive 10 electric buses with an option for 30 more, the Warren Buffett-backed company said. As traditional automakers withdraw from Canada, municipalities across the country are doubling their efforts to tackle climate change through zero-emissions transit, Ted Dowling, vice-president of BYD Canada, said.

  • Calculating The Fair Value Of BYD Company Limited (HKG:1211)
    Simply Wall St.

    Calculating The Fair Value Of BYD Company Limited (HKG:1211)

    In this article we are going to estimate the intrinsic value of BYD Company Limited (HKG:1211) by taking the expected...

  • Is BYD Company Limited (HKG:1211) A Financially Sound Company?
    Simply Wall St.

    Is BYD Company Limited (HKG:1211) A Financially Sound Company?

    Investors seeking to preserve capital in a volatile environment might consider large-cap stocks such as BYD Company...

  • BYD Company Limited (HKG:1211) Is Employing Capital Very Effectively
    Simply Wall St.

    BYD Company Limited (HKG:1211) Is Employing Capital Very Effectively

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift...

  • Reuters

    Chinese electric car maker BYD's first-quarter profit up 632 percent, sees first-half profit up

    The Shenzhen-based car and battery maker, which has a joint venture with Daimler AG in China, said last month it expected first-quarter profit to rise by up to nearly 800 percent. Profit surged to 749.73 million yuan ($111.4 million), up from just 102.4 million yuan a year ago, when its earnings fell sharply due to cuts to subsidies for electric vehicles. BYD said it expected half-year net profit to rise to 1.45 billion yuan to 1.65 billion yuan, versus 479.1 million yuan in the same period last year.

  • Reuters

    Chinese electric car maker BYD's Q1 profit up 632 pct, sees H1 profit up

    The Shenzhen-based car and battery maker, which has a joint venture with Daimler AG in China, said last month it expected first-quarter profit to rise by up to nearly 800 percent. Profit surged to 749.73 million yuan ($111.4 million), up from just 102.4 million yuan a year ago, when its earnings fell sharply due to cuts to subsidies for electric vehicles. BYD said it expected half-year net profit to rise to 1.45 billion yuan to 1.65 billion yuan, versus 479.1 million yuan in the same period last year.

  • Should BYD (HKG:1211) Be Disappointed With Their 30% Profit?
    Simply Wall St.

    Should BYD (HKG:1211) Be Disappointed With Their 30% Profit?

    Thanks in no small measure to Vanguard founder Jack Bogle, it's easy buy a low cost index fund, which should provide the average market return. But you can make superior returns by picking better-than average stocks. To wit...

  • Trackloop Investor Update
    PR Newswire

    Trackloop Investor Update

    Thank you for your continued support of Trackloop. The last six months have been full of exciting developments and growth for the Company. In an effort to keep our shareholders well-informed, going forward Trackloop will be publishing a quarterly newsletter highlighting operational activities and corporate developments.

  • Worried about nickel supply, China battery maker BYD welcomes JV discussions
    Reuters

    Worried about nickel supply, China battery maker BYD welcomes JV discussions

    Securing enough nickel is a major worry for electric vehicle firms, an executive from Chinese electric car and battery maker BYD Co Ltd said on Thursday, adding that the company would welcome joint ventures that help guarantee supply. Nickel is one of several metals that are key components of electric vehicle (EV) batteries. A shift in battery chemistry toward higher nickel content, which would allow cars to go further on a single charge, is expected to boost demand further.

  • Reuters

    BRIEF-BYD Says It Sold More Vehicles In March And Q1 From Year Earlier

    April 8 (Reuters) - BYD Co Ltd: * SAYS IT SOLD 46,825 VEHICLES IN MARCH VERSUS 43,166 VEHICLES YEAR EARLIER * SAYS IT SOLD 117,578 VEHICLES IN Q1, UP 5.2 PERCENT Y/Y Source text in Chinese: https://bit.ly/2Ig1Lad ...