BYD COMPANY LTD ADR Stock News

Chinese electric vehicle (EV) giant BYD is embarking on a rapid global expansion to challenge Tesla but for now it's stuck in the slow lane on its rival's home turf.

Chinese electric vehicle (EV) maker BYD Auto Co plans to build a plant in Vietnam to produce car parts, three people with knowledge of the plan told Reuters, in a move that would reduce the company's

Buffett's longtime business partner Charlie Munger has been a champion of this EV company.

Yahoo Finance's Pras Subramanian discusses the outlook for Chinese EV makers, Tesla price cuts, and more.

Buffett's ongoing share sales have weighed on BYD's stock price in recent months, but the stock is still outperforming its electric vehicle peers.

Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 1.058 million Hong Kong-listed shares of electric vehicle maker BYD at an average price of HK$191.44 ($24.52) per share, a

Over the past three months, shares of BYD are down just 2%. That's compared to a 54% decline in Tesla over the same time period.

China''s BYD is boosting vehicle prices, according to reports. Tesla did so this week, while Rivian made the same move earlier in March.

Futures Surge On Beijing Market Rescue, Ukraine Ceasefire Hopes As Fed Rate Hike Looms Normally, the first rate hike in more than four years meant to spark a "shallow" recession and destroy commodity demand would not be viewed positively by markets (unless it leads to another mega QE, which it will), but today is an exception with global stocks and US futures surging after the Kremlin hinted at progress in peace talks with Ukraine, adding to positive sentiment stoked by China’s vow to stabilize its battered markets which sent Hong Kong stocks soaring by the most on record. At 730am, S&P futures are up 1.3%, with Nasdaq futs +1.8% outperforming amid overnight tech action, influencing European sectors, on the back of China''s jawboning stocks higher and constructive commentary from Ukraine''s Zelensky and Russia''s Lavrov. European bourses are also firmer across the board, Euro Stoxx 50 +3.3%, after a firmer handover from the Asia session and on geopolitical optimism. Treasuries were steady and the dollar slipped ahead of the Federal Reserve rates decision.

U.S. listed Chinese electric vehicle maker Nio Inc (NYSE: NIO ) secured the top rank in a study that ranks car quality in China, CnEVpost reported on Wednesday, citing the report by automotive website Autohome. What Happened: Shanghai-based Nio is ahead of rival Li Auto Inc (NASDAQ: LI ) ranked twelfth, BYD Co (OTC: BYDDY ), while Tesla Inc (NASDAQ: TSLA ) was … Full story available on Benzinga.com

Chinese electric vehicle (EV) maker BYD Co Ltd said it will raise prices on its cars by 3,000-6,000 yuan ($471-942), citing rising raw materials costs, just a day after U.S. peer Tesla Inc upped prices for the second time in a week.

Chinese electric vehicle maker BYD Co (OTC: BYDDY ) has raised prices of its cars by up to $950, Reuters reported on Wednesday, citing the company’s statement posted on its official Weibo account. What Happened: The price hikes come into effect from Wednesday and are being taken to offset the rising cost of raw materials. BYD is backed by Berkshire Hathaway Inc (NYSE: BRK-A ) (NYSE: BRK-B ) Chairman Warren Buffett . The Shenzhen, China-headquartered company competes with Tesla Inc (NASDAQ: TSLA ) and … Full story available on Benzinga.com

Cathie Wood -led Ark Investment Management on Tuesday bought 11,143 shares in BYDCo (OTC: BYDDY ), estimated to be worth $498,760 based on their last closing price, further raising its bets on the Chinese automaker that is quickly switching to making new energy vehicles. Shenzhen, China-headquartered BYD’s stock OTC closed 3.4% higher at $44.7 a share on Tuesday. The stock is down 36% so far this … Full story available on Benzinga.com

https://www.investing.com/news/stock-market-news/chinese-ev-maker-byd-raises-prices-citing-jump-in-raw-materials-costs-2785415

SHANGHAI (Reuters) – Chinese businesses from automaker BYD to KFC operator Yum China say their operations have already been hit by the country’s latest COVID-19 curbs, with more disruption expected as case numbers rise.