BYD, the Chinese Electric Vehicle (EV) giant, is progressing swiftly and giving tough competition to leading brands like Tesla. Buffet's Berkshire Hathaway has been trimming its stake in the company, even as BYD’s revenue exceeds Tesla for the first time. Despite new records in its EV deliveries, the company saw its shares undergo a slight drop after a key metric missed. Contemplating the strong growth in its auto-tires-trucks sector, BYD is outperforming its peers significantly while its future outlook remains bright with new supply deals with China’s Xiaomi and planned expansion in Europe. Despite facing trade tensions, BYD has secured investor belief with supportive policies driving growth. However, BYD’s stock seems underappreciated by the market. Meanwhile, during Q3 of 2024, BYD reported an Earnings Per Share (EPS) of CN¥4.00, showcasing growth compared to CN¥3.58 in the 3Q 2023. High-profile partnerships, profitable earnings and resilience in EV price wars earmark BYD as a strong contender in the EV market.
BYD Stocks News Analytics from Fri, 01 Mar 2024 08:00:00 GMT to Sat, 02 Nov 2024 17:30:11 GMT -
Rating 7
- Innovation 2
- Information 9
- Rumor -4
