BY6.F - BYD Company Limited

Frankfurt - Frankfurt Delayed Price. Currency in EUR
4.8300
-0.1050 (-2.13%)
As of 10:37AM CEST. Market open.
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Previous Close4.9350
Open4.8450
Bid4.8350 x 500000
Ask4.8600 x 500000
Day's Range4.8100 - 4.8550
52 Week Range4.3300 - 6.7400
Volume6,789
Avg. Volume83,517
Market Cap15.872B
Beta (3Y Monthly)0.92
PE Ratio (TTM)34.75
EPS (TTM)0.1390
Earnings DateN/A
Forward Dividend & Yield0.03 (0.54%)
Ex-Dividend Date2019-06-11
1y Target EstN/A
  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Chinese EV maker BYD says 2018 preliminary profit down 31 percent, blames competition
    Reuters

    Chinese EV maker BYD says 2018 preliminary profit down 31 percent, blames competition

    Chinese electric vehicle maker BYD Co Ltd reported preliminary net profit for 2018 that was 31.4 percent lower than a year earlier, pinning the blame on intensifying competition in the world's biggest auto market. The result comes as China's market for new energy vehicles is booming, but profit in the sector is being squeezed by competition between established automakers and a multitude of startups, as well as the government's reduction of subsidies. Profit likely fell to 2.79 billion yuan ($416.5 million) from 4.07 billion yuan, as slowing auto sales across China increased competitive activity among car makers and hit the profitability of the fuel vehicle business, BYD said in a filing to the Hong Kong stock exchange late on Tuesday.

  • Buffett’s China Ride Is Losing Power With Investors
    Bloomberg

    Buffett’s China Ride Is Losing Power With Investors

    Surely, BYD Co. has all the ingredients of a winning electric-car maker? The company’s Hong Kong-traded stock has fallen more than 30 percent in the past year and even declined after BYD posted a 290 percent jump in January electric-vehicles sales from a year earlier to 28,668 units. To explain the disconnect, look at BYD’s dependence on government policies, a battery business that’s losing market share, and a failure to respond swiftly enough to changes in consumer demand.

  • Reuters

    BRIEF-Beijing Urban Construction Design & Development Group And BYD To Establish Strategic Partnership

    Dec 21 (Reuters) - Beijing Urban Construction Design & Development Group Co Ltd: * CO AND BYD CO DECIDED TO ESTABLISH A STRATEGIC PARTNERSHIP RELATIONSHIP Source text for Eikon: Further company coverage:...

  • China's BYD plans to list its battery business by 2022
    Reuters

    China's BYD plans to list its battery business by 2022

    China's BYD Co Ltd said on Thursday it plans to list its battery business by 2022, the electric vehicle (EV) maker's latest move to rev up its growing battery unit. BYD is considering cell production in Europe, an executive told Reuters earlier this year.

  • Reuters

    Buffett-backed Chinese automaker BYD suspends plan for Canada plant

    China's BYD Co Ltd (1211.HK) has put plans to open its first Canadian electric truck plant on hold but could revive the project when the electric vehicle maker sees a business case, a company executive said. BYD, backed by Warren Buffett's Berkshire Hathaway Inc (BRKa.N), had planned to open the site this year in Ontario with about 40 workers, a boost to green manufacturing in the country's most populous province. "It's just not happening right now, and we're not necessarily waiting on anything to make it happen," Ted Dowling, Vice President of BYD Canada said on Thursday.

  • Reuters

    China's BYD expects 2018 profit to fall by a third as competition rises

    BEIJING/SHANGHAI (Reuters) - Chinese electric carmaker BYD Co Ltd (1211.HK), which is backed by U.S. investor Warren Buffett, said on Monday it expected full-year net profit to drop almost a third as competition heats up in the world's largest auto market. China's market for electric cars is booming, but profits in the sector have been squeezed by intense competition between established firms and start-up rivals, as well as moves by Beijing to slash subsidies for the market. The Shenzhen-based firm posted a 1.9 percent fall in third quarter net profit to 1.05 billion yuan ($150.97 million), down from 1.07 billion yuan a year earlier.