BYD COMPANY LTD ADR Stock News

https://www.investing.com/news/stock-market-news/yum-china-byd-say-chinas-covid-curbs-have-impacted-operations-2784607

Yum China, BYD say China''s COVID curbs have impacted operations

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Top executives from BYD Co (OTC: BYDDY ) and Nio Inc (NYSE: NIO ) were seen together at the latter’s facility at an unidentified location, reigniting rumors of a potential partnership between the two companies, CnEVpost reported on Thursday, citing a local automotive media company. What Happened: BYD chairman Wang Chuanfu and Nio founder and CEO William Li were spotted together at the NIO House , which the report claimed was located at Hefei. Nio has a manufacturing facility in … Full story available on Benzinga.com

China’s BYD Co (OTC: BYDDF ) sold more than double electric vehicles than the combined delivery volumes of homegrown startups such as Nio Inc (NYSE: NIO ), Xpeng Inc (NYSE: XPEV ) and Li Auto Inc (NASDAQ: LI ) in February amid chip shortages and production halts. What Happened: The Shenzhen-based BYD sold 43,173 battery-powered electric vehicles in February, a jump of 451% year-on-year and a sales decline of about 7% over January. BYD, which is backed by Warren Buffett-led Berkshire Hathaway Inc (NYSE: BRK-A ) (NYSE: BRK-B ), reports sales volume on a monthly basis, unlike local rivals Nio, Xpeng and Li Auto, which report delivery numbers. Nio, Xpeng and Li Auto reported significant sequential … Full story available on Benzinga.com

A Chinese electric car manufacturer has been lauded by Chinese and United States officials as a successful example of China-U.S. business cooperation.

Global electric-vehicle (EV) sales more than doubled in 2021, bucking the trend in what was a difficult year for the automotive industry due to the global chip shortage. The sharp rise poses real threat to revenues of oil depended nations like Nigeria. According to EV-volumes.com, sales of battery-powered cars, light trucks and commercial vehicles reached 6.75-million units in 2021, 108% more than in 2020. This was against a total auto market that improved by only 4.7% over the crisis year of 2020, where the Covid-19 pandemic shrank the market for conventional cars and there were supply chain bottlenecks. The global share of EVs — which includes battery-electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV) — grew to near 10% from 4.2% in 2020. BEVs represented 71% of total EV sales and PHEVs 29%. With a number of countries set to ban the sale of internal-combustion-engine (ICE) vehicles soon, EV growth has spiked over the past three years. In 2019, 2.2-million electric cars were sold, representing only 2.5% of global car sales.

BYD, China’s biggest electric vehicle (EV) builder by sales, will enlist the help of Baidu’s autonomous driving technology to make its cars more intelligent as it raises its game against Tesla and domestic rivals.The Shenzhen-based maker of batteries and cars, which is 7.9 per cent owned by Warren Buffett’s Berkshire Hathaway, has picked Baidu, China’s biggest search engine and artificial intelligence company, to supply its ANP (Apollo Navigation Pilot) smart driving services and products,…

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Chinese automaker BYD Company Limited (OTC: BYDDF ), which sold more EVs than Tesla, Inc. (NASDAQ: TSLA ) in China in January, is eyeing a global expansion in a big way. What Happened: Warren Buffett -backed BYD has launched the Yuan Plus model in China, about three months after it was announced at the Guangzhou Auto Show, CnEVPost reported. The Yuan Plus is an all-electric SUV built on BYD''s e-platform 3.0. It is the first model built by the company targeting the global market. The Yuan Plus comes in five variants, with the base model having a listing price of 131,800 yuan ($20,900) after Full story available on Benzinga.com

EV stocks turned in a mixed performance yet again in the week ending Feb. 18, as the broader market volatility continued to impact the space. EV pioneer Tesla, Inc. (NASDAQ: TSLA ) extended its slide, while Fisker, Inc. (NYSE: FSR ) was in the spotlight amid its product pipeline update and fourth-quarter earnings release. Here are the key events that happened in the EV space during the week: Tesla China Sales, Musk''s Tirade, Model 3 Loses Top Spot And More: Tesla''s China wholesale sales, including domestic sales and exports, fell from December''s record number. Nevertheless, the year-over-year growth was an astounding 285%. The company''s domestic sales trailed the EV tally of BYD Company Limited (PNK: BYDDF), which is backed by billionaire investor Warren Buffett. In a negative headline, Tesla''s Model 3 lost out to Ford Motor Company''s (NYSE: F ) Mustang Mach-E in being named Consumer Report''s 2022 Top Pick. The publication said the ranking is based on an overall score, which factors road-test score, predicted reliability, owner satisfaction, and safety.

Dublin, Feb. 15, 2022 (GLOBE NEWSWIRE) -- The "Global Battery Materials Market (2022 Edition) - Analysis By Battery Type (Lead Acid, Lithium-Based, Others), End User (Industrial, Portable Devices, Automotive), By Region, By Country: Market Insights and Forecast with Impact of Covid-19 (2021-2026)" report has been added to ResearchAndMarkets.com''s offering. The Global Battery Materials Market, valued at USD 66.24 Billion in the year 2020 The market has been witnessing unprecedented growth in the last few years on the back of a rapid rise in urbanization, growing government support, growing demand for eco-friendly batteries and rising adoption of digitalization in battery manufacturinging. These factors will drive the Battery Materials Market market value in the near future. Among the Battery type (Lead Acid Batteries, Lithium-Based Batteries, Others), the Lithium-Based Batteries segment holds the largest share globally and is expected to grow at a fast pace in the forecast period. The need of Lithium-Based Batteries is higher as compared to other battery chemistries, also, Lithium-Based Batteries are widely used in Electric vehicles, portable devices due to the advantages of a lithium-based battery, which will drive the market.

BYD Co (OTC: BYDDY ), backed by veteran investor Warren Buffett, has filed for the Metaverse trademark, cnEVpost reported on Monday. What Happened: The Shenzhen, China-headquartered BYD has applied for the "BYD Metaverse" close on the heels of local rivals such as Nio Inc (NYSE: NIO ), Xpeng Inc (NYSE XPEV) and Li Auto (NASDAQ: LI ) filing for their own multiple Metaverse trademarks. BYD applied … Full story available on Benzinga.com

Boyd Gaming is the Stock Of The Day, ahead of sports betting''s biggest day, Super Bowl LVI. BYD stock popped past a buy point.