Etiqueta: Hong Kong
BYD resorts to forex trading strategy to counter yuan’s volatility
The world’s largest EV maker is aiming to protect its growing global operations from yuan volatility amid rising trade tensions.
BYD allots US$5 billion for forex derivatives trading to hedge risks...
BYD, the world's largest electric vehicle (EV) maker, has earmarked US$5 billion for foreign exchange derivatives trading to reduce risks to its fast-growing global operations from the yuan's volatility amid rising geopolitical tensions. "To offset the adverse impact from wild fluctuation in exchange rates and save financial expenses, the company has decided to carry out foreign exchange hedging through derivatives trading," BYD said in a filing to the Hong Kong stock exchange on the weekend. "T
BYD Electronic: Focus On Automotive Business And Acquisition Integration
BYD Electronic's automotive segment is projected to grow significantly by riding on the coattails of its parent. See why BYDIY stock is a Buy.
BYD Under Spotlight for Hiding Debt via Supply Chain Financing
BYD Co. Limited ($HK:1211) has come under the spotlight after Hong Kong-based GMT Research flagged the potential concealment of its debt through complex supply chai...
Behind the Numbers: Is BYD’s Supply Chain Masking Debt?
BYD Co. (1211.HK), the leading Chinese electric vehicle manufacturer, has been flagged for potentially masking its true level of debt through intricate supply chain financing, according to a report by Hong Kong-based GMT Research, cited by Bloomberg. This method, while not uncommon in rapidly expanding companies, has raised concerns about…
BYD’s Supply Chain Financing Masks Ballooning Debt, GMT Says
BYD Co.’s reliance on financing from working capital has masked surging debt levels at the Chinese electric vehicle giant, according to calculations from Hong Kong-…
US ban on Chinese auto tech signals decisive split in global...
One of the last acts of President Joe Biden's administration is to engineer a split in the global auto market. On Tuesday, Washington imposed a ban on the sale and import of connected cars and related technology from China. Concerns over data security are compelling, even if the benefits for General Motors , Ford Motor and others of keeping out both competitors and suppliers remain debatable. That means the policy is likely to last - and could catch on elsewhere.
BYD and Grab Join Forces for Southeast Asia’s EV Expansion
Hong Kong-listed BYD Co. Limited ($HK:1211) has joined forces with Singapore-based Grab to expand their EV (electric vehicle) fleet in Southeast Asia. Through this ...
Short Interest in BYD Company Limited (OTCMKTS:BYDDF) Drops By 49.1%
BYD Company Limited (OTCMKTS:BYDDF - Get Free Report) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 608,300 shares, a decline of 49.1% from the December 15th total of 1,195,800 shares. Based on an average daily volume of 95,600 shares, the short-interest ratio is currently 6.4 days.
