BYDDY News and Press, BYD Co Ltd ADR From 07/25/23

2023-07-25 07:45:14 ET Summary NIO’s vehicle deliveries in Q2 were down Q/Q and Y/Y. While the company managed to secure funding from external sources, most of that funding will be gone in a single quarter at the current cash burn rate. At the same time, margins are lik...

2023-07-24 09:30:00 ET Summary BYD has surpassed Tesla in the EV market share and is expanding its EV and battery production capacity, with new plants scheduled to be operational in China and an EV factory in Thailand commencing production in 2024. China's new emission standards a...

2023-07-24 07:06:52 ET Vietnamese electric vehicle maker VinFast ( VFS ) plans to break ground this week on a delayed factory in North Carolina. VinFast aims to be the first Vietnamese car brand to produce electric vehicles and the first to expand into global markets. The auto arm o...

2023-07-24 04:22:32 ET The Indian government is said to have rejected Chinese automaker BYD’s ( OTCPK:BYDDY ) proposal to establish a $1 billion four-wheeler manufacturing facility in India, as the government seems adamant about keeping Chinese p...

2023-07-21 09:38:27 ET Summary Tesla's record Q2 deliveries and double beat reported this week has been overshadowed by management's warnings for more price cuts to come, implying further headwinds to its bottom line. The latest development has reversed optimism on the stock from ...

2023-07-20 09:50:51 ET Summary Tesla, Inc.'s full self-drive has the potential to revolutionize transportation and future-proof the business (i.e., FSD, AI, Optimus, and Dojo), supporting a bullish outlook. Even at the current low levels, Tesla's gross profit margins are high...

2023-07-19 17:30:50 ET Summary Tesla, Inc. Q2 results beat earnings and revenue expectations with growth rates of 47% in revenue, 20% in earnings, and 62% in free cash flow, but net profit margin declined to 12.6%. The company's shrinking margins are likely due to increased compet...

2023-07-18 14:46:48 ET Summary Honda Motor Co., Ltd. is a global manufacturer of automobiles, motorcycles, and power equipment. Honda has improved financially but is facing major issues commercially in the coming years, with growth expected to slow. The business has lost groun...

2023-07-18 09:35:00 ET Summary The Consumer Price Index rose just 0.2% in June - and only 3% in the past 12 months - very close to the Fed’s 2% goal. Producer Price Index provided even better news, as it rose only 0.1% in June, the slowest rate in almost three years. Treasu...

2023-07-17 10:06:00 ET Summary I am moving my Tesla rating back to "Sell" based on the reappearance of extreme overvaluations and excessive investor enthusiasm. A material price decline into 2024 is likely. Tesla's valuation is quite stretched compared to other tech giants, EV man...