Rachelle Akuffo and Brad Smith report on shares of Chinese EV maker NIO a tumbling this morning after reporting wider-than-expect second-quarter losses. At the same time, rival EV manufacturer BYD (BY
American depositary receipts (ADRs) of BYD jumped over 4% in early trading on Tuesday after reporting its profit rose as deliveries hit a record, helping the automaker retain its status as China's bes
BYD (OTC:BYDDY) stock rose in Tuesday's early deals, rising over 5%, after the Chinese EV maker reported what were described as “record” sales. Warren Buffet-backed BYD saw in excess of 700,000 ve
Chinese automaker BYD on Monday posted a 204.68% jump in profit in the first half of the year driven by record deliveries.
JBL is selling its Mobility China business to BYD for $2.4 billion. That equates to an estimated 16% of Jabil's entire market cap and an estimated ~15% of Jabil's entire enterprise value. Even if the

Jabil (JBL) Stock Jumps 9% on BYD Deal

01:30pm, Monday, 28'th Aug 2023
Shares of design engineering services Jabil (NYSE: JBL ) — which primarily specializes in electronics-related equipment — jumped sharply on Monday morning. Earlier, Chinese automaker BYD (OTCMKTS:
Shares of U.S.-based manufacturing company Jabil (JBL) jumped over 7% in early trading on Monday after it agreed to sell its mobility business to the electronics arm of EV maker and Apple vendor BYD f
China's BYD Co Ltd , on Monday said first-half profit jumped 204.7% as the new energy vehicle maker broke its delivery record and retained its crown as China's biggest-selling auto brand.
China's BYD Co Ltd , on Monday said first-half profit jumped 204.7% as the new energy vehicle maker broke its delivery record and retained its crown as China's biggest-selling auto brand.
The contract electronics manufacturer says the deal is the largest in its history.
BYD Electronic is planning to buy a company that could own a manufacturing business in the Chinese cities of Chengdu and Wuxi for nearly $2.2 billion to expand its smartphone components.
Electric vehicle maker BYD Co Ltd said on Monday its unit struck a deal with U.S.-based manufacturing firm Jabil Inc's Singaporean unit to buy its product manufacturing business in China for 15.8 bill
An upgraded Model 3 looms, while BYD keeps rolling out new EVs. Tesla stock is trying to bounce after both giants sold off.
If you want to make money from growth stocks, find megatrends and invest in companies making the most of them. Electric vehicles and digital payments are two great examples of such megatrends.
China's economy has been struggling recently. After a tumultuous period battling the Covid-19 pandemic, the government abruptly abandoned its zero-Covid policy in December 2022 and reoriented the econ
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