BYDDF - BYD Company Limited
| Previous Close | 6.45 |
| Open | 6.43 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 6.35 - 6.50 |
| 52 Week Range | 5.16 - 9.06 |
| Volume | 88,039 |
| Avg. Volume | 189,628 |
| Market Cap | 18.9B |
| Beta (3Y Monthly) | 1.20 |
| PE Ratio (TTM) | 45.94 |
| EPS (TTM) | 0.14 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | 2016-11-03 |
| 1y Target Est | N/A |
- Reuters•15 days ago
BRIEF-BYD Sold 26,833 Vehicles In Feb, Up From 26,273 Vehicles Year Earlier
March 7 (Reuters) - BYD Co Ltd: * SAYS IT SOLD 26,833 VEHICLES IN FEB VERSUS 26,273 VEHICLES YEAR EARLIER Source text in Chinese: https://tinyurl.com/yxvc4kvf Further company coverage: (Reporting by Hong ...
- InvestorPlace•21 days ago
Don’t Buy Into Nio’s 60 Minutes Hype As It Seeks Musk-Level Media
Chinese electric vehicle company Nio (NYSE:NIO) has described itself as the Tesla (NASDAQ:TSLA) killer. Since the company's U.S. initial public offering last year, NIO stock hasn't exactly knocked Tesla off the pedestal just yet. But a recent 60 Minutes feature is giving Nio a huge new burst of attention.Source: Shutterstock If Nio is to become a Tesla-killer, it needs a ton of media spotlight. Undoubtedly, Tesla wouldn't have ever reached its heights, either as a stock or a pop culture phenomenon, without the media's unrelenting coverage of Elon Musk. Tesla has become a classic story stock where the vision has run far ahead of its financial success, at least to date.Now Nio is offering investors a similar compelling story. Let's take a look.InvestorPlace - Stock Market News, Stock Advice & Trading Tips An Electric Car LifestyleNio doesn't disguise its ambitions. In its interview with 60 Minutes, founder William Li said that Nio isn't really a car company but instead views itself as a lifestyle company. That's certainly a wise strategy for building a brand. A company like Apple (NASDAQ:AAPL) has dominated in tech hardware -- a sector which features notoriously fickle consumers -- because the Mac maker is selling much more than just a phone or tablet. It is selling an image which allows consumers to feel like they are part of a better and more enlightened part of society. Similarly, Starbucks (NASDAQ:SBUX) brewed success by generating an enticing feeling for its customers, even if its coffee doesn't taste particularly better than the competition. * 10 Blue-Chip Stocks to Lead the Market So what's Nio's strategy to become more than just another car manufacturer in a crowded field? The Shanghai-based company offers some features, such as an exclusive app and social network that only Nio owners are a part of.More interestingly, Nio is building members-only clubs on top of their dealerships. These are called Nio Houses. They are intended to give younger Chinese consumers access to a more pampered lifestyle. Benefits include classes in things such as espresso making, along with places for kids to play, and areas for folks to hang out and make friends with each other. As an American, it's hard to judge how well this concept will catch on in China.However, private clubs -- such as those based around golf courses -- have a long history of promoting social bonds within upper-class communities and charging dearly for the experience. Given China's incredibly dense urbanization, a traditional community club approach would probably not work so well given the shortage of land. So perhaps something like the Nio House will be the right concept in its place. How Will Nio Pay For This?Like with Tesla, Nio will face challenges trying to turn vision into reality. They are anticipating only selling something in the neighborhood of 40,000 cars this year. It'd be hard to generate much profit at that level of scale even if the company had modest overhead. Instead, it is locating in some of the most expensive real estate in Beijing, Shanghai, and other Tier 1 cities for its Nio Houses. Costs to operate this sort of model will be high.Now you can say that the Nio Houses essentially serve as marketing for the vehicles, and they'll make back their costs and more with car sales. But it will take a lot more than 40,000 vehicles a year to reach a strong financial state.It's also worth remembering that the Chinese auto market is brutally competitive. Just within Chinese electric vehicles, you have leaders like BYD Company (OTCMKTS:BYDDF) which is backed by Berkshire Hathaway (NYSE:BRK.B). And that's to say nothing of all the competition coming from traditional automakers and Tesla. You should also consider that even with China's new prosperity, the country's GDP per capita is still less than $10,000. This suggests that China's market for Nio's $60,000 vehicle is likely far smaller than for Tesla and other luxury EVs in the United States.At this point, Nio has a little more than $1 billion in cash, however it is burning through something like $300 million of that stockpile with each successive quarter. Do the math, and you'll see that Nio will need more money. The IPO gave it some funds, but they'll need plenty more. Remember that Nio doesn't do their own manufacturing at this point, instead it contracts out. Presumably, assuming they keep ramping up, they'll eventually need to build out their own factories, which will require yet more capital. NIO Stock VerdictWhile Tesla has been able to avoid as much dilution as its critics feared by using the debt market, I doubt this avenue will be so easily available to Nio, at least at this stage in its growth story. Instead, that means that they will likely need to issue more NIO stock, and lots of it, to keep funding the growth story. * 7 IPOs to Get Excited for in 2019 With NIO stock up more than 30% since early December, look for a serious round of selling coming up. For one thing, the stock lock-up from the initial IPO expires March 11. That will be one catalyst that should lead to this rally breaking down. Nio's market cap is already closing in on $8 billion for a company. That's a huge number for a company with such a small sales base that is losing tons of money.If you bought into NIO stock before the 60 Minutes story, congratulations. This is the time to take some profits. You will probably be able to buy Nio shares back at $7 or $8 again in a few weeks once people forget about this round of publicity.At the time of this writing, Ian Bezek owned BRK.B stock. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 5 STARS Stocks That Continue to Define the Future * 7 of the Best ETFs to Buy for a Rock-Solid Portfolio * 5 Real Estate Stocks to Buy for Dividend Income Compare Brokers The post Don't Buy Into Nio's 60 Minutes Hype As It Seeks Musk-Level Media appeared first on InvestorPlace.
Reuters•24 days agoChinese 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.
- Reuters•24 days ago
BRIEF-BYD Electronic International Co Expects FY Profit Attributable To Decline
Feb 26 (Reuters) - BYD Electronic International Co Ltd : * IT IS EXPECTED THAT PROFIT ATTRIBUTABLE FOR FY 2018 WILL BE REDUCED BY APPROXIMATELY 13% TO 16% * EXPECTED RESULT DUE TO IMPACT OF DOWNTURN IN ...
Bloomberg•last monthBuffett’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•last month
BRIEF-BYD's Jan Vehicle Sales Up 3.74 Pct Y/Y
Feb 13 (Reuters) - BYD Co Ltd: * SAYS IT SOLD 43,920 VEHICLES IN JAN * SAYS JAN VEHICLE SALES UP 3.74 PERCENT Y/Y Source text in Chinese: https://bit.ly/2STe9T0 Further company coverage: (Reporting by ...
- InvestorPlace•2 months ago
3 Reasons To Be Cautiously Bullish on NIO Stock
Nio (NYSE:NIO), a leading Chinese electric-vehicle maker, went public in September. The shares quickly spiked from $6.26 to $13.80. But the NIO stock price move proved to be temporary. Currently, it is back near it is initial offering price. With the harsh correction last year, many IPOs have gotten hit hard, but Nio stock had some other issues as well. Let's face it, Chinese tech stocks have been out of favor because of President Trump's tough talk on trade. The result is that major operators like JD.com (NASDAQ:JD) and Alibaba (NYSE:BABA) have have seen steep drops in their stock prices. But for Nio stock, there are also nagging concerns about competition. Consider that home-grown companies like BYD (OTCMKTS:BYDDF) and Geely Automobile Holdings (OTCMKTS:GELYF) have been pouring resources into the EV category. And of course, Tesla (NASDAQ:TSLA) is another formidable rival. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 5 Top Consumer Stocks for 2019 -- According to Wells Fargo So all in all, Nio stock is quite risky, and it seems like a good bet that the volatility will continue. Yet despite this, the company has the opportunity to become a large company in China, which should represent a nice opportunity for investors -- at least for those who can stomach the twists and turns! Here's a look at some of the positives for NIO: ### Nio Stock Advantage: Innovation Nio is a relatively young company, having been founded in 2014. Yet it has made tremendous progress. In 2017, Nio launched the ES8, a high-performance electric SUV. A 7-seater with an aluminum alloy body, it can go zero to 100km per hour in 4.4 seconds. The driving range is also 335km. Then in late 2018, Nio came out with the ES6. It has dual motors, a state-of-the-art braking system and acceleration to 100 km/h in 4.7 seconds. As for the structure of the vehicle, it includes aircraft-grade 7 Series aluminum alloy and carbon fiber. The combination allows for more strength but with less weight. It's also important to note that Nio has been pushing innovation with its AI capabilities. For example, it has developed a speech interactive system, Level-2 autonomous driving and the ability to upgrade the systems via FOTA (firmware-over-the-air). ### Nio Stock Advantage: Execution Over the years, many car startups have failed. One of the main reasons is the challenge of manufacturing. Even a few mistakes and miscues can lead to huge losses. But as for NIO, the company has proven to be quite adept at scaling its operations. It probably helps that it has outsourced production to a Chinese manufacturer (although, NIO will eventually build its own plants). Last year, the company delivered 11,348 ES8s, which exceeded its own forecast. There were also 3,318 deliveries in December alone. For the most part, NIO is showing strong traction. According to NIO founder and CEO William Li: "We will continue to focus on market penetration by delivering high-quality products and holistic services to our users and to improve the system efficiency of our development and operations." ### Nio Stock Advantage: Secular Trends It's true that the slowing Chinese economy will probably be a headwind for Nio. But the long-term prospects for the auto market do look bright. This is especially the case for the premium segment. Based on research from Frost & Sullivan, the compound annual growth rate is projected at 12.4% from 2017 to 2022. And yes, China has the largest market for EVs. Currently, the market share is about 4% of overall auto sales. But the Chinese government has an ambitious plan to take this to about 20% by 2025. * 10 Stocks to Sell in February In other words, NIO is at the sweet spot of strategic market opportunity and so long as the company continues to execute, it is poised for durable growth. Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Smart Money Stocks to Buy for the Rest of the Year * 10 Best Consumer Stocks to Buy in 2019 * 10 Triple-A Stocks to Buy in February Compare Brokers The post 3 Reasons To Be Cautiously Bullish on NIO Stock appeared first on InvestorPlace.
- Reuters•2 months ago
BRIEF-Byd Sells 69,637 Vehicles In December, 520,687 Vehicles In 2018
Jan 7 (Reuters) - Byd Co Ltd: * SAYS IT SOLD 69,637 VEHICLES IN DECEMBER * SAYS IT SOLD 520,687 VEHICLES IN 2018 Source text in Chinese: https://bit.ly/2CUhEQA Further company coverage: (Reporting by Hong ...
- Reuters•3 months ago
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:...
Reuters•3 months agoEnel-BYD say Chile electric bus roll-out heralds more for region
Enel provided the financing for Chile to acquire the buses from BYD for the capital Santiago, as well as the charging stations. Chile represents a jumping off point into Latin America for two companies both seeking to dominate a green car revolution that is projected to see electric and hybrid vehicles account for 30 percent of the global market by 2030. Alberto Piglia, Enel's global head of e-mobility, told Reuters that BYD and Enel were talking to the governments of Brazil, Peru and Colombia as well as private firms with a view to offering the same model.
- Simply Wall St.•3 months ago
Could The BYD Company Limited (HKG:1211) Ownership Structure Tell Us Something Useful?
If you want to know who really controls BYD Company Limited (HKG:1211), then you'll have to look at the makeup of its share registry. Large companies usually have institutions as Read More...
Reuters•3 months agoChina'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•4 months ago
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.
