BYD shares have been consistently outperforming Tesla this year thanks to the Chinese company's robust portfolio of EVs and its foray into AI-powered driver-assist technologies.
JPMorgan has raised BYD's price target by 60% on strong growth projections. The company has unveiled 21 self-driving EV models with Nvidia chips and shown a major commitment to autonomous driving. This move has created ripple effects, sending stocks of competitors like Xpeng and Geely tumbling. Shares of
Boyd Gaming Corporation, on the other hand, were sold by the New York State Common Retirement Fund. Assessments by analysts indicate BYD might indeed be the best EV battery stock to buy in 2025. The self-driving moves have largely boosted the firm's stock, coupled with news of its entry into the Indian EV market. The
DeepSeek and BYD collaboration aided stock performance, and investors are keenly watching for more updates, as the firm plans to expand its smart-car strategy. Meanwhile,
Tesla struggles have been attributed to its competition with BYD. Looking ahead, BYD is leading the field of EVs with potential to dominate the market.
BYD Stocks News Analytics from Tue, 17 Sep 2024 07:00:00 GMT to Fri, 21 Feb 2025 18:21:51 GMT -
Rating 9
- Innovation 7
- Information 8
- Rumor 7
