Etiqueta: Hong Kong

BYD (OTCMKTS:BYDDY) Hits New 52-Week High - Here's What Happened

(Bloomberg) -- BYD Co.’s shares are on track to record their best week since late 2020, as investor enthusiasm builds ahead of the Chinese electric-vehicle maker’s keenly awaited update on its smart driving technology.Most Read from BloombergCitadel to Leave Namesake Chicago Tower as Employees RelocateNYC Sees Pedestrian Traffic Increase in Congestion-Pricing ZoneTransportation Memos Favor Places With Higher Birth and Marriage RatesState Farm Seeks Emergency California Rate Hike After FiresHow L

BYD sold around 3.8 million cars in the first 11 months of 2024, a 40% year-on-year jump.

Nio Inc. and BYD Co. Ltd. reported strong double-digit sales gains in January, but Li Auto Inc. stumbled during the month with a sales decline

BYD Company Limited (OTCMKTS:BYDDY - Get Free Report) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 122,500 shares, a growth of 192.4% from the December 31st total of 41,900 shares. Based on an average trading volume of 517,200 shares, the days-to-cover ratio is presently 0.2 days.

BYD Company Limited's ( HKG:1211 ) price-to-earnings (or "P/E") ratio of 21.8x might make it look like a strong sell...

-- BYD was the fastest-selling car brand in Singapore in 2024, Yicai Global reported Monday. The Chinese EV giant's sales surged 337% to 6,191 units in Singapore, with 14% of the total automotive...

BYD allocates $5 billion to forex derivatives trading, safeguarding against yuan volatility amidst global expansion and geopolitical tensions.

The world’s largest EV maker is aiming to protect its growing global operations from yuan volatility amid rising trade tensions.

BYD, the world's largest electric vehicle (EV) maker, has earmarked US$5 billion for foreign exchange derivatives trading to reduce risks to its fast-growing global operations from the yuan's volatility amid rising geopolitical tensions. "To offset the adverse impact from wild fluctuation in exchange rates and save financial expenses, the company has decided to carry out foreign exchange hedging through derivatives trading," BYD said in a filing to the Hong Kong stock exchange on the weekend. "T