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BYD Co., Ltd. ADR (BYDDY)

- OTCPK - Current
  • Sep. 11, 2013, 10:08 AM
    • Shares of BYD (BYDDF.PK +7.7%) climb after the company announces it will launch 3 new models featuring its dual-engine system, including the Qin at the end of this year, the Tang, an SUV model, in 2014, and a supercar temporarily dubbed the E9.
    • BYD also gained some sliver of traction for its electric buses when Hong Kong's Kowloon Motor Bus launched a single-bus, 1-year trial this week. In the shadow of safety concerns, BYD's bus was required by the operator to use foreign components and have its BYD battery encased in fire-resistant steel plates.
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  • Sep. 6, 2013, 2:07 PM
    • BYD (BYDDF.PK +6.9%) jumps on speculation that a new Chinese central government subsidy for electric vehicles will be announced.
    • Also helping: Moody's revised its China auto sales growth outlook from 7% to 10% for this year and next.
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  • Sep. 3, 2013, 11:09 AM
    • BYD (BYDDF.PK +6.7%) shares climb on Microsoft's acquisition of Nokia's handset business. BYD supplies keypads and casings for Nokia phones.
    • Other suppliers which also benefited: Taiwan-traded Compal (CMPFF.PK), Compeq, and Catcher Technology
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  • Aug. 26, 2013, 2:11 PM
    • Shares of Chinese automobile and battery maker BYD (BYDDF.PK -10.1%) tumbled after the company announced 1H results yesterday. With the results came an anemic Q3 net income forecast of RMB3M-RMB50M.
    • Car sales were up 25% Y/Y in H1 to 250K units, but the vast majority were gasoline-powered vehicles. Citi's Paul Gong expects BYD to deliver only 2.1K all-electric vehicles in 2013. Ironically, investors hope profits from gas vehicles will be funneled into BYD's green technologies, like electric vehicles and buses as well as solar panels.
    • BYD has set its sights on overseas markets for its electric vehicles. It won a contract to supply 35 K9 electric buses to Long Beach and Los Angeles earlier this year. But skeptics abound. A local analyst: "Unlike the domestic market, which can be easily influenced by government policies, the attraction of BYD’s electric buses still need to be tested."
    • The stock is up 30.7% YTD.
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  • Aug. 25, 2013, 9:07 AM
    • BYD Co. (BYDDF.PK) reports H1 net income of 427M yuan, +2,524%.
    • Auto sales +24.7% to 250K units, vs. 12.3% industry-wide growth.
    • Sees Q3 net income of 3-50M yuan. "The automotive industry is in its weak season in the third quarter," BYD said in its press release.
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BYDDY vs. ETF Alternatives
Company Description
Established in February 1995, BYD Company Limited specializes in IT, automobile and new energy. BYD is the largest supplier of rechargeable batteries in the globe, and has the largest market share for Nickel-cadmium batteries, handset Li-ion batteries, cell-phone chargers and keypads worldwide.... More
Sector: Technology
Country: China