BYDDY - BYD Company Limited

Other OTC - Other OTC Delayed Price. Currency in USD
12.24
+0.14 (+1.16%)
At close: 3:46PM EDT
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Previous Close12.10
Open12.09
Bid0.00 x 0
Ask0.00 x 0
Day's Range12.09 - 12.25
52 Week Range10.33 - 15.19
Volume14,643
Avg. Volume38,427
Market Cap20.225B
Beta (3Y Monthly)1.25
PE Ratio (TTM)44.03
EPS (TTM)0.28
Earnings DateN/A
Forward Dividend & Yield0.06 (0.48%)
Ex-Dividend Date2019-06-10
1y Target EstN/A
Trade prices are not sourced from all markets
  • Bloomberg13 days ago

    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.

  • Reuters21 days ago

    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.29 days ago

    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...

  • Nio Stock: A Chinese Company Comes Home
    InvestorPlacelast month

    Nio Stock: A Chinese Company Comes Home

    Editor's Note: This article was corrected on June 5, 2019, to correctly specify which office will be closing.Nio (NYSE:NIO), billed as a Chinese version of Tesla (NASDAQ:TSLA), is doing something Tesla can't do -- going under the protection of its government.Source: Shutterstock A new joint venture called Nio China amounts to a government bailout, with $1.45 billion being funneled into a manufacturing relationship between Nio and state automaker GAC.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe joint venture was announced as Nio delivered a supremely disappointing first quarter. Unaudited figures showed sales cut in half from the previous quarter, and even those had a negative margin. The company lost $395 million, 38 cents per share, on sales of $243 million. It delivered 3,989 of its ES8 vehicles.The shares have now lost half their value during the year and opened for trade today at $3.07, a market cap of around $3 billion. A Chinese ModelSome U.S. investors found the company's conference call hard to follow. What Americans may have focused on was CFO Louis Hsieh's speculation about ES8 sales being cannibalized by a new model, the ES6, announced during the most recent quarter. This is a sporty and less-expensive sport utility vehicle in contrast to the ES8 sedan. * The 10 Best Stocks for 2019 -- So Far The real news is that China's government isn't going to let Nio fail. China remains dedicated to an electric car future, despite Nio's failure to achieve its ambitions so far. To that end, Nio is closing its San Francisco office. The company is downsizing its efforts even in its home market, opening "pop-up" Nio Houses instead of the elaborate clubhouses it had been offering in major cities.Nio is far from China's only bet on electric vehicles, although it was the only one to list in the U.S. market and focus on the luxury segment. The government still sees value in Nio's patents, like one to charge vehicles more quickly at a high voltage and one to make batteries last longer.Government-controlled electric car firms have several joint ventures, including with Volkswagen (OTCMKTS:VLKAY). Warren Buffett, through Berkshire Hathaway (NYSE:BRK.A) bought one-quarter of BYD (OTCMKTS:BYDDF), now the largest Chinese electric car maker, a decade ago when BYD was still just a battery business. BYD (it stands for Build Your Dreams) is now the largest Chinese electric car maker with a full line of products and reported a strong first quarter.Chinese industrial policy is often described by outsiders as "communist," but according to Joe Studwell in How Asia Works, it has much in common with South Korea. China subsidizes many companies in cutting-edge technology and maintains support for those that win export markets. U.S. policy, by contrast, is to pass state-funded science to the market and then leave things alone.China is now in the process of winnowing out losers, steadily reducing subsidies for electric cars. Nio's fourth quarter was a rush to beat a subsidy cut, and another cut is scheduled to take place in June. The Bottom LineAmerican investors made a mistake in assuming that because Nio was playing in the U.S. stock market and had dreams like those of Tesla, that it was a Chinese Tesla. It was always more Chinese than Tesla.In conventional terms, analysts are correct to downgrade Nio and consider it dead money. In Chinese terms, Nio has made good progress on both the technical and marketing fronts, progress from which the Chinese auto sector can benefit. The fate of Americans' stock investments matters less than proving China can develop and sell a high-end electric.China remains committed to electric cars. Anyone who has tried to breath in Shanghai or Beijing understands why.Dana Blankenhorn is a financial and technology journalist. He is the author of the mystery thriller, The Reluctant Detective Finds Her Family, available at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this article. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Retailers Including Disney Agree to Ditch On-Call Scheduling * The 10 Best Stocks for 2019 -- So Far * 7 Small-Cap ETFs to Buy Now Compare Brokers The post Nio Stock: A Chinese Company Comes Home appeared first on InvestorPlace.

  • Is BYD Company Limited (HKG:1211) A Financially Sound Company?
    Simply Wall St.2 months ago

    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...

  • China, not Tesla, is driving the electric-car revolution
    MarketWatch2 months ago

    China, not Tesla, is driving the electric-car revolution

    The electric vehicle revolution is coming, but it won’t be driven by the U.S. Instead, China will be at the forefront. The shift is already happening in China, which is the world’s largest automobile market, with 23 million cars sold in 2018. Many of them are buying electric cars.

  • BYD Company Limited (HKG:1211) Is Employing Capital Very Effectively
    Simply Wall St.2 months ago

    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...

  • Reuters3 months ago

    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.

  • Reuters3 months ago

    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.3 months ago

    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 Newswire3 months ago

    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
    Reuters3 months ago

    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.

  • Are BYD Company Limited’s (HKG:1211) Returns Worth Your While?
    Simply Wall St.3 months ago

    Are BYD Company Limited’s (HKG:1211) Returns Worth Your While?

    Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! Today we are going to look at BYD Company Limited (HKG:1211) to see whether it might be an attractive investment prospect. To...

  • Should You Worry About BYD Company Limited’s (HKG:1211) CEO Pay Cheque?
    Simply Wall St.4 months ago

    Should You Worry About BYD Company Limited’s (HKG:1211) CEO Pay Cheque?

    Chuan-Fu Wang is the CEO of BYD Company Limited (HKG:1211). This analysis aims first to contrast CEO compensation with other large companies. Next, we'll consider growth that the business demonstrates.Read More...

  • Chinese EV maker BYD says 2018 preliminary profit down 31 percent, blames competition
    Reuters5 months ago

    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
    Bloomberg5 months ago

    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.

  • Should You Be Tempted To Sell BYD Company Limited (HKG:1211) Because Of Its P/E Ratio?
    Simply Wall St.5 months ago

    Should You Be Tempted To Sell BYD Company Limited (HKG:1211) Because Of Its P/E Ratio?

    Want to help shape the future of investing tools? Participate in a short research study and receive a 6-month subscription to the award winning Simply Wall St research tool (valued Read More...

  • Is BYD Company Limited’s (HKG:1211) 6.0% ROE Worse Than Average?
    Simply Wall St.6 months ago

    Is BYD Company Limited’s (HKG:1211) 6.0% ROE Worse Than Average?

    One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use Return Read More...