BY6.F - BYD Company Limited

Frankfurt - Frankfurt Delayed Price. Currency in EUR
4.4410
-0.0560 (-1.25%)
At close: 7:31PM CET
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Previous Close4.4970
Open4.3990
Bid4.3900 x 500000
Ask4.4400 x 500000
Day's Range4.3870 - 4.4700
52 Week Range4.1400 - 6.7400
Volume99,241
Avg. Volume84,311
Market Cap14.339B
Beta (3Y Monthly)1.31
PE Ratio (TTM)31.95
EPS (TTM)0.1390
Earnings DateN/A
Forward Dividend & Yield0.03 (0.60%)
Ex-Dividend Date2019-06-11
1y Target EstN/A
  • Reuters

    China's auto industry discusses ways to boost rural car sales: sources

    BEIJING/SHANGHAI, Nov 11 (Reuters) - China's auto industry executives met with government officials over the weekend to discuss ways to promote higher car sales in rural areas, sources familiar with the matter said. The country's car manufacturers are grappling with the pressures of falling sales in the world's largest car market and are seeking new policies. A senior official at the China Association of Automobile Manufacturers (CAAM), Zeng Guang, confirmed to Reuters that the meeting had been organised in Beijing by the association's magazine Auto Review.

  • We Think BYD (HKG:1211) Is Taking Some Risk With Its Debt
    Simply Wall St.

    We Think BYD (HKG:1211) Is Taking Some Risk With Its Debt

    Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

  • BYD, Toyota to set up research venture to develop electric vehicles
    Reuters

    BYD, Toyota to set up research venture to develop electric vehicles

    TOKYO/SHANGHAI (Reuters) - Chinese electric car maker BYD Co Ltd and Japan's Toyota Motor Corp said on Thursday they planned to set up a joint venture to design and develop battery electric cars as they ramp up efforts to produce zero emissions vehicles. The two companies said in a statement that they would each invest 50% of the capital needed to establish the company, which will be set up next year and be based in China. Widely considered a late comer in embracing battery EVs, compared with rivals including Nissan , Toyota had flagged in June that it aimed to get half of its global sales from EVs, including gasoline hybrids, by 2025, five years ahead of schedule.

  • Reuters

    REFILE-UPDATE 1-BYD, Toyota to set up research venture to develop electric vehicles

    TOKYO/SHANGHAI, Nov 7 (Reuters) - Chinese electric car maker BYD Co Ltd and Japan's Toyota Motor Corp said on Thursday they planned to set up a joint venture to design and develop battery electric cars as they ramp up efforts to produce zero emissions vehicles. The two companies said in a statement that they would each invest 50% of the capital needed to establish the company, which will be set up next year and be based in China. Widely considered a late comer in embracing battery EVs, compared with rivals including Nissan, Toyota had flagged in June that it aimed to get half of its global sales from EVs, including gasoline hybrids, by 2025, five years ahead of schedule.

  • Buffett-backed BYD warns on 2019 profit as Chinese market contracts
    Reuters

    Buffett-backed BYD warns on 2019 profit as Chinese market contracts

    Chinese electric car maker BYD Co Ltd said on Tuesday it expected full-year net profit to fall by as much as 43%, as sales of new energy vehicles in the world's biggest auto market plunged following a cut in government subsidies. 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 119.72 million yuan ($16.95 million) in the third quarter, down 88.6% from 1.05 billion yuan a year earlier. It said 2019 profit would be between 1.58 billion yuan and 1.77 billion yuan, down from 2.78 billion yuan a year earlier.

  • Oilprice.com

    The Billionaire Battle For EV Dominance

    Tesla and BYD are in a race to dominate the global EV market and, with Musk and Buffett backing their respective companies, this billionaire battle won’t slow down any time soon

  • Why You Should Like BYD Company Limited’s (HKG:1211) ROCE
    Simply Wall St.

    Why You Should Like BYD Company Limited’s (HKG:1211) ROCE

    Today we are going to look at BYD Company Limited (HKG:1211) to see whether it might be an attractive investment...

  • Can We See Significant Insider Ownership On The BYD Company Limited (HKG:1211) Share Register?
    Simply Wall St.

    Can We See Significant Insider Ownership On The BYD Company Limited (HKG:1211) Share Register?

    A look at the shareholders of BYD Company Limited (HKG:1211) can tell us which group is most powerful. Insiders often...

  • China’s Tesla Rival NIO Plunges 26% on Escalating Losses
    Bloomberg

    China’s Tesla Rival NIO Plunges 26% on Escalating Losses

    (Bloomberg) -- Shares of Chinese electric-vehicle makers and suppliers fell after a worse-than-expected quarterly loss for NIO Inc., the country’s answer to Tesla Inc., exacerbated concerns that a bubble in the world’s largest EV market may be bursting.BAIC Motor Corp., which BloombergNEF says brought in more than $4 billion in EV revenue last year, dropped 1% in Hong Kong, while BYD Co. closed down 4.1%, its biggest loss in over a month. Wuxi Lead Intelligent Equipment Co. retreated 4.5% in Shenzhen. NIO plunged 20% to a record low of $2.17 in New York on Tuesday after announcing its results and thousands of job cuts.The dire situation has prompted NIO, which is backed by technology giant Tencent Holdings Ltd., to raise $200 million from founder William Li and a Tencent affiliate, and to plan the spin off some businesses. The company’s U.S.-listed shares are down more than 80% from their peak following last year’s IPO.“People are wondering whether the company can continue to survive,” said Jason Chen, an analyst from Blue Lotus Capital Advisors. Bernstein analyst Robin Zhu struck a similar tone with a report titled “Tick Tock, Tick Tock,” estimating that NIO has only a few weeks of liquidity left.The issues specific to Shanghai-based NIO include cost overruns and major recalls.The company said Wednesday it has rescheduled its earnings conference call to 8 a.m. New York time after canceling the original one planned for Tuesday.More broadly, the automaker’s struggles lend credence to mounting concerns that China’s state-sponsored support of the industry inflated a bubble that’s poised to pop. The nation’s sales of EVs and “new-energy” vehicles fell for a second straight month in August as the government scaled back subsidies. China accounts for half of the world’s EV sales.“The latest industry sales and pricing data have not shown improvement, prompting us to fear the anticipated recovery in industry demand in September and 4Q may prove more modest than expected,” JPMorgan analysts Ryan Brinkman and Rebecca Wen wrote in a note, where they also withdrew their price target on NIO.NIO’s second-quarter net losses increased 83% from a year earlier to 3.29 billion yuan ($462 million), according to a statement. The deficit was worse than the 2.6 billion yuan average estimate of two analysts surveyed by Bloomberg, and it was the company’s second-largest based on available data dating back to 2017.NIO has accumulated about $6 billion in losses since it was founded by Li, who is also the chief executive officer, in 2014. Fire risks led to a mass callback of nearly 5,000 vehicles in June, a significant portion of the 17,550 units NIO had sold as of the end of May.Li said in the statement that a target has been set to reduce global headcount to 7,800 by the end of the third quarter, from more than 9,900 in January. There will be additional restructuring and some non-core businesses will be spun off by the end of the year, he said, without elaborating.A Tencent affiliate and Li agreed to buy $200 million of convertible notes through a private placement that’s expected to close before the end of the month, NIO has said. The company canceled its earnings conference call without explanation, a move Chen called “very strange.”Though revenue surged more than 3,000% from a year earlier, that was a time when the company was just getting started to sell cars. It fell 7.5% from the first quarter.NIO delivered 11% fewer vehicles compared with the first quarter, but it forecast the number will rebound to between 4,200 and 4,400 units in the third quarter. Third-quarter revenue will rise as much as 10% from the previous three months, the company said.NIO previously scrapped plans for a manufacturing plant in Shanghai after the government decided to provide support to Tesla, which aims to start production in China this year -- another challenge for Li’s company. Annual capacity at the Tesla facility could eventually top 1 million vehicles, chief executive Elon Musk has said.(Updates share-price moves.)\--With assistance from Courtney Dentch.To contact Bloomberg News staff for this story: Chunying Zhang in Shanghai at czhang714@bloomberg.netTo contact the editors responsible for this story: Craig Trudell at ctrudell1@bloomberg.net, ;Young-Sam Cho at ycho2@bloomberg.net, Will Davies, Kevin MillerFor 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.