Mining giant Rio Tinto and Chinese EV-maker BYD are among the six companies eligible to proceed with proposals to develop a lithium project in Chile's Altoandinos salt flats, state-run mining company ENAMI said on Thursday.
Shares in Chinese electric vehicle makers Li Auto and BYD Co fell after both released quarterly results that disappointed investors. Earnings from the pair are significant as they are the only two profitable EV manufacturers in mainland China, with the industry in the spotlight amid a price war that is squeezing margins for all companies.
Leading Chinese automaker BYD posted on Wednesday a 24.4 percent rise in net profit for the first half of 2024, boosted by continuing strong demand for electric cars in its home and overseas markets.
Chinese electric vehicle giant BYD reported a 24.4% rise in first-half net profit on Wednesday despite faltering spending on big-ticket items in the world's largest automobile market.
Chinese electric vehicle giant BYD has signed an agreement with Huawei (HWT.UL) to use the Chinese tech conglomerate's advanced autonomous driving system in its off-road Fangchengbao electric vehicles (EV), Huawei said in a statement on Tuesday.
Chinese electric carmaker BYD unveiled on Wednesday its new plug-in Song Pro hybrid SUV in Mexico, the company's local director announced on Wednesday, adding the vehicle's local price tag will start at nearly 600,000 pesos, or about $31,000.
Byd Co. (BYDDY) possesses solid growth attributes, which could help it handily outperform the market.
BYD is a Chinese automaker with a very strong competitive advantage. Growth will continue to be an important return driver and will be supported mainly by lower-priced NEV segment but also the emerging premium brands within BYD. Valuation of the stock is fair to low at current moment with limited downside.
Chinese electric vehicle giant BYD (002594.SZ) on Saturday announced plans to open a car production plant in Pakistan, where it will also start selling three models through a partnership with Mega Motors.
Here is how Byd Co., Ltd. (BYDDY) and Honda Motor (HMC) have performed compared to their sector so far this year.
Citi analyst Jeff Chung put a 30-day catalyst watch on shares of electric-vehicle maker BYD. The ADRs could surge to $123.50 from about $55 now.
BYD is planning to expand into the Canadian EV market. However, Canadian automakers are already talking about tariffs.