|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||29.60 - 31.00|
|52 Week Range||21.29 - 36.27|
|Beta (5Y Monthly)||0.69|
|PE Ratio (TTM)||26.90|
|Forward Dividend & Yield||0.16 (0.52%)|
|Ex-Dividend Date||Jun 13, 2023|
|1y Target Est||N/A|
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SHENZHEN, China, September 21, 2023--BYD, the world’s leading manufacturer of new energy vehicles and power battery, today officially launched the U8 Premium Edition under its high-end sub-brand, Yangwang, priced at 1,098,000 RMB, and announced that its delivery will start in October this year.
China's electric vehicle giant BYD has been on a tear in Southeast Asia, shooting past rivals including Tesla to take more than a quarter of the share of EVs sold in the region. Along with attractive prices, BYD's early success is based on a pattern of distribution partnerships with large, local conglomerates that have allowed the carmaker to expand reach, test consumer preferences and navigate complex government regulations in the region, officials from three partners and analysts said. This partnership model, similar to that pursued by Japanese automakers in some Southeast Asian countries decades ago, is helping BYD to build market share rapidly and contrasts with Tesla's go-it-alone distribution - though it comes at a cost.
BYD (BYDDY) reaches a milestone by producing 500,000 Yuan Plus EVs. It adds Oxygen Blue and Dynamic Purple color options.