byd
ValueWalk
Key Points Shares of BYD traded higher to start the month of June as the Chinese government announced its intentions to stimulate the economy after lackluster inflation data.A brief comparison to a more prominent and established car manufacturer can lay the value foundation for investors to analyze.The future growth potential in the company demonstrates has commanded higher P/E ratios, where markets expect superior profitability and growth rates to continue.Among the many measures from the government, easing curbs in the car market and increasing car ownership quotas will indeed affect the sto...
ValueWalk
Shares of BYD Co. Ltd. (SHE:002594) closed over 7% lower in Shanghai’s Wednesday trading session, a day after the electric vehicle (EV) maker reported results. BYD reported first-half results that saw the EV company generate 150.6 billion yuan ($21.84 billion), which marks a 66% year-over-year (YoY) growth. The reported H1 revenue numbers are worse than what the analysts were expecting. The Bloomberg consensus stood at 166.03 billion yuan. Q2 2022 hedge fund letters, conferences and more Still, BYD reported a net income of 3.60 billion yuan ($521 million), much better than the 1.17 billion rep...
ValueWalk
One widespread news headline earlier this week (including here on ValueWalk) was that BYD, a Chinese electric vehicle maker backed by Warren Buffett, had taken the title of the world’s largest maker of electric vehicles from Tesla. However, there’s an important distinction to point out that might change some people’s views on the matter. Clarifying The Headlines About Tesla And BYDTesla delivered a little more than 250,000 vehicles during the second quarter, marking its first quarter-over-quarter decline in two years following the lockdown-related shutdown of its factory in Shanghai. That tota...
ValueWalk
For years, Tesla Inc (NASDAQ:TSLA) has enjoyed the distinction of being the largest electric vehicle maker in the world based on sales. However, the Chinese EV maker BYD Company (OTCMKTS:BYDDY), which has long been backed by Warren Buffett, has now overtaken the luxury automaker. Lockdowns In China Weigh Heavily On TeslaQ1 2022 hedge fund letters, conferences and more Tesla cited supply chain issues and sales disruptions in China for its challenging second quarter. China’s zero COVID policy has resulted in widespread lockdowns and travel restrictions across the country. According to the Financ...
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