[Broker Focus] Guoxin Securities maintains BYD's share (01211) purchase rating and is expected to maintain its lead in competition and further expand its share
Jinwu Financial News | According to Guoxin Securities Research, BYD's (01211) results showed that the company's revenue for the first quarter of 2024 was 124.94 billion yuan (same below), up 3.97% year on year; net profit attributable to shareholders was 4.57 billion yuan, up 10.6% year on year; net profit attributable to non-shareholders was 3.75 billion yuan, up 5.2% year on year. The company's overall gross margin for the first quarter of 2024 was about 21.9%, roughly the same as the third and fourth quarters of 2023, and remained relatively high. The bank expects the company's total Q2 car sales to continue to grow rapidly. The main reasons are as follows: 1. Public
Don't Rate Tesla's Full Self Driving Too Highly, Tech Investor Says: 'By No Means Autonomous Driving'
Mark Hawtin, GAM's investment director focused on technology, told CNBC expectations surrounding the capabilities of Tesla's Full Self Driving product in China are misleading.
China's Automakers Must Adapt Quickly on the EV Boom in the Face of Regulatory Scrutiny Abroad
Adoption of battery and hybrid-powered cars has surged in China, but an onslaught of new models has fueled a price war, while regulatory scrutiny grows abroad.
Changes in Hong Kong stocks | Xiaopeng Automobile-W (09868) opened more than 8% and led the auto stock market in April, sales of new power car companies were steady, and trade-in is expected to boost demand
Auto stocks collectively opened higher. As of press release, Xiaopeng Automobile-W (09868) rose 8.35% to HK$37; Ideal Automobile-W (02015) rose 7.06% to HK$115.2.
BYD to Recall Over 16,000 EVs Due to Camera Software Issue
BYD (HKG:1211, SHE:002594) will recall 16,666 electric vehicles starting May 20 due to a software problem, China's State Administration for Market Regulation said in its Tuesday press release on its w
China Merchants Securities: Maintaining BYD's (01211) “Overholding” Rating Target Price of HK$300
China Merchants Securities expects the profit margin of BYD shares (01211) to pick up starting next quarter.
Changes in Hong Kong stocks | Auto stocks explode across the board, NIO - SW (09866) rose more than 22%, leading sector trade-in, which is expected to significantly boost domestic automotive demand
Auto stocks exploded across the board. As of press release, NIO SW (09866) rose 22.24% to HK$43.7; Zero Sports (09863) rose 12.15% to HK$30.5; Xiaopeng Motor-W (09868) rose 8.24% to HK$34.15; and BYD shares (01211) rose 4.55% to HK$225.4.
[Hong Kong Stock Connect] BYD shares (01211) repeatedly rose more than 2.4%. April sales increased nearly 49% year on year
Jinwu Financial News | BYD shares (01211) had excellent production and sales data for April. The stock price rose repeatedly in early trading. It was tentatively reported at HK$228.8, up 2.41%, with a turnover of HK$319 million. BYD announced that sales of new energy vehicles in April 2024 were 313,200 units, compared to 21,300 units in the same period last year, up 48.96% year on year, and cumulative sales during the year rose 23.24% year on year. Production of new energy vehicles was 334 million units, compared to 209,400 units in the same period last year; cumulative production during the year increased by 21.85% year on year. According to Citi's report, it is estimated that BYD's net profit for the second quarter will be 7.9 billion yuan
Hong Kong stock concept tracking | Overall electric vehicle delivery data for April, good institutions are optimistic about the increase in export sales of automakers (with concept stocks)
In April, BYD temporarily ranked first among domestic electric vehicle companies with sales of 313,245 units.
BYD Posts Higher Sales, Production Numbers in April
BYD (HKG:1211, SHE:002594) produced 334,039 new energy vehicles in April, up 21.85% from the 209,448 output in the year-ago period, according to a Hong Kong bourse filing on Wednesday. The automaker s
BYD Reports Vehicle Sales of 936k YTD
Tram delivery “Super Smash” in April: NIO is booming, Xiaopeng is left behind, and the Xiaomi SU7 delivered over 7,000 vehicles in the first month
On the first day of the May 1st holiday, domestic electric vehicle companies' delivery reports were released one after another!
Hong Kong Stock Announces Nuggets | Geely Auto's total sales volume in April was 153,300 cars, Xiaomi Group-W has delivered 7058 Xiaomi SU7 series cars
BYD Co., Ltd. sold about 313,200 new energy vehicles in April, up 48.96% year on year; Xiaomi Group-W: By the end of April, 881,000 confirmed orders had been received and 7058 Xiaomi SU7 series cars had been delivered
BYD Sells 313,245 NEVs in Apr, up 3.57% From Mar
BYD sold 313,245 NEVs in April, up 3.57 percent from March and up 48.96 percent year-on-year. The post BYD sells 313,245 NEVs in Apr, up 3.57% from Mar appeared first on CnEVPost. For more articles, please visit CnEVPost.
BYD Co., Ltd. (01211.HK) sold 313,200 new energy vehicles in April, up 48.96% year on year
Gelonghui, May 1 | BYD Co., Ltd. (01211.HK) announced the April 2024 production and sales report. The total sales volume of new energy vehicles this month was 3132.45 million units, up 48.96% year on year; this year's cumulative total of 9395.08 million units was up 23.24% year on year. The company sold a total of 41,011 new energy passenger vehicles overseas in April 2024. Our total installed capacity of NEV power batteries and energy storage batteries in April 2024 was approximately 12.559 GWh, and the cumulative total installed capacity in 2024 was about 42.295 GWh.
Wall Street bosses' latest stock holdings are here!
Illustration of Hong Kong A shares, Chinese securities, and US stocks held by US funds
BYD's Q1 Profit Jumps 11%, Operating Revenue Rises 4%
BYD's (HKG:1211, SHE:002594) attributable profit rose 10.62% to 4.57 billion yuan, or 1.57 yuan per share, in the first quarter, from 4.13 billion yuan, or 1.42 yuan per share, in the year-ago period,
Results: BYD Company Limited Exceeded Expectations And The Consensus Has Updated Its Estimates
It's been a good week for BYD Company Limited (HKG:1211) shareholders, because the company has just released its latest quarterly results, and the shares gained 9.2% to HK$216. Revenues CN¥125b
Cathie Wood's Ark Invest Buys Shares Of Tesla Rival BYD, Continues Accumulating Palantir — Also Acquires AMD Shares
On Tuesday, Cathie Wood-led Ark Invest made significant trades, with the most prominent ones involving BYD Co Ltd (OTC:BYDDY) and Palantir Technologies Inc (NYSE:PLTR).The BYD Co. TradeArk Invest, thr
Top Tesla Rival BYD Recalls Over 16,000 Seagull EVs Over Faulty Reversing Cameras
Chinese EV giant BYD Co Ltd (OTC:BYDDY) (OTC:BYDDF) will be upgrading software on 16,666 units of its Seagull electric vehicles as the reversing screen may not be displayed in them. What Happened: The
No Data