Etiqueta: News

BYD (OTCMKTS:BYDDF) Shares Gap Down - Time to Sell?

Chinese electric vehicle maker BYD is set to release a model that will be able to drive up to 400 kilometres after just five minutes of charging, though experts warn of infrastructure challenges. Chinese electric vehicle maker BYD is set to release a model that will be able to drive up to 400 kilometres after just five minutes of charging. BYD’s super-fast charging capacity is made possible by an “all liquid-cooled megawatt flash charging terminal system.”

Chinese EV giant BYD's new charging tech can charge a vehicle up to 250 miles in just 5 minutes, new video shows.

If you are wondering whether BYD is still a smart buy after its big multiyear run, or if the easy money has already been made, you are not alone. That is exactly what this article will unpack. Despite some recent choppiness, with the stock down 1.5% over the last week and roughly flat over 30 days, BYD is still up 8.2% year to date and 3.1% over the past year, on top of a hefty 48.4% gain in three years and 49.9% in five. These moves have come as BYD cements its position as a global EV and...

BYD says global installations of its BatteryBox residential energy storage systems have increased by 500,000 since June 2024, lifting the total past 1.5 million worldwide.

While much of the news this week has been discouraging, recent reports about BYD’s OTA updates have provided something positive to think about. In particular, the OTA updates have focused on BYD’s DM-i 5.0 (5th generation PHEV platform), which started rolling out across models in China last year. Consumers in China are getting more battery-only range and better fuel economy once the battery is depleted than when they bought their vehicles. While some news has been worse than expected, it is good to see something ending up better than expected. That is not only better for consumers, but also better for the CO2 emissions and the environment.

China's economy is vast in scale and full of promise.