BYD, a giant in the EV market, is contemplating a second plant in Europe as part of its global expansion push. Despite falling sales in February and not-so-favorable Q1 earnings, BYD stocks continue to rally. Accused of triggering a price war which affected local competitors like NIO, Xpeng, and Tesla,
BYD still leads as one of the top 5 China stocks. Reports suggest
BYD and Nio have struck a battery deal. Cathie Wood's Ark Invest has added
BYD stocks to its portfolio. However, due to unpredictable market forces, some analysts suggest keeping an eye on key risks before making an investment decision in the company.
BYD announced new stock buyback plans while also planning to introduce more luxury models. It nevertheless faced a setback when Warren Buffet's Berkshire Hathaway sold off a considerable number of its shares. Despite this, analysts are bullish about its prospects citing lately launch plans of luxury models and its continued assertiveness in driving local EV market sales. Its Shenzhen-listed stocks have seen a boost owing to the buyback plan.
BYD Stocks News Analytics from Tue, 17 Oct 2023 07:00:00 GMT to Fri, 10 May 2024 12:17:00 GMT -
Rating 3
- Innovation 7
- Information 8
- Rumor -2
