BYD Enters Europe with Delivering Tang EV in NorwayThe Shenzhen-based firm has imported a total of 100 units of the Tang EV to the Scandinavian nation.
The Chinese EV-maker shipped the first 100 BYD Tang EVs from Shanghai to Norway about two months ago which was the company's first passenger car shipment to a European country. BYD plans to deliver as many as 1,500 units of the BYD Tang EV to dealers in Norway this year. The company has pre-sold 500 units in the country already. Along with its Scandinavian distributor RSA, the Chinese auto veteran has built up a network of 45 dealers.
The subsidized price of the EV in China is CNY 279,500 to 314,800, while the car will be sold for about 600,000 Norwegian kroner in Norway which is about CNY 130,000 more expensive.
In July this year, BYD's sales of new energy passenger cars soared by 262.7% year-on-year to reach 50,057 units, setting a new record for the firm's own monthly sales. It also marked a record high for China's monthly sales of new energy passenger cars.
BYDDF trade ideas
BYD Sold 50,492 NEVs in July, Up 234% from a Year AgoBYD may supply its "blade battery" to Tesla in the second quarter of next year.
BYD's new energy vehicle sales in July were 50,492 units, up 234 percent from a year ago and 22 percent from June.
So far this year, BYD has sold 205,071 new energy vehicles, an increase of 170.62 percent over the same period last year, it said in an announcement.
BYD sold 50,057 units of new energy passenger vehicles and 435 units of commercial vehicles in July.
It sold 24,996 battery electric vehicles and 25,061 plug-in hybrid electric vehicles in July.
Li Yunfei, general manager of BYD's passenger vehicle brand and public relations division, said in early June that the company's new energy vehicle sales will surpass Tesla China in June and is expected to become the global new energy vehicle champion within the year.
BYD sold 41,366 new energy vehicles in June, up 192 percent from the same month last year and 26 percent from May.
By comparison, according to the China Passenger Car Association, Tesla China's wholesale sales in June were 33,155 units, up about 122 percent year-over-year.
This article was first published by Phate Zhang on CnEVPost, a website focusing on new energy vehicle news from China.
Warren Buffet Is Up 3,000% On This Electric Vehicle CompanyEveryone is always talking about Tesla and Nio in the electric vehicle space, but one of my favourite electric vehicle (and battery) companies is BYD. They are HUGE. Well worth having a bit of a Google around - especially YouTube for more information on them to see some of their cars and how they compare.
You can find BYD directly on the HK exchange via HKEX:1211 or on the US exchange via OTC:BYDDF or OTC:BYDDY (no one I've found understands the difference between these two in terms of which is best to buy).
The technical analysis dials below the chart you can find here: www.tradingview.com
BYD to Sell 1,500 Cars in Norway by End-2021BYD ( HKEX:1211 OR OTC:BYDDF OR OTC:BYDDY ) is quite probably my favourite Electric Car Company with the biggest future - even potentially greater than Tesla, but it is SO much more than that. It is a massive company that does everything from producing its own cars, buses, trucks, electric bicycles, forklifts and rechargeable batteries.
Its profile suffers because it is a Hong Kong listed stock, and can only be purchased on the OTC markets in the US. You can buy either of OTC:BYDDF OR OTC:BYDDY
Oh and did I mention Warren Buffet owns a bit under 9% of the company.
One to watch.
BYD CompanyCan Trade under:
BYDDY - Foreign OTC (Expect ADR Fees)
BYDDF- Domestic OTC
(Don't take this as law)
Mission:
Technological innovation for a better life
During the daytime, solar farms capture the power of sunshine;
at night, energy storage systems deliver power to families.
Electric vehicles on the streets and SkyRail systems along green belts
connect the city with zero emissions and zero pollution.
We provide more possibilities for a better life.
We see a new energy future approaching.
This is the mission of BYD, and the green dream of all mankind.
Recent News:
1. Alexander Dennis Limited (ADL) and BYD UK jointly announced today that ADL and BYD will commence the design and assembly of chassis for the BYD ADL partnership's electric single and double deck buses for the British market, ensuring completed vehicles are built in ADL's facilities in the UK. ADL is a subsidiary of leading independent global bus manufacturer NFI Group Inc. (NFI), while BYD is a global leader in batteries, energy management and electric mobility.
2. Bogotá, Colombia - BYD is proud to announce that it has exclusively won cumulative orders to supply 1,002-unit pure-electric buses to the capital of Colombia, Bogotá. This tender was open to all bus technologies, yet BYD won the trust and cooperation of its partners in the fiercely competitive bidding process thanks to its cutting-edge technologies, products and services. This is the largest order for pure-electric buses outside of China to date, which sets a new record in sales volume for the overseas pure-electric bus industry.
3. Hokkaido, Japan - On December 22, BYD and the three-time Japanese Series winners the Hokkaido Nippon-Ham Fighters (“Fighters”) jointly announced a strategic partnership agreement on transportation for the Hokkaido Ballpark F Village (“F Village”), which is slated to be opened in 2023.
By 2023, F Village will also build a brand new baseball stadium known as "ES CON Field Hokkaido", which will also be the main training ground for the Hokkaido Nippon-Ham Fighters, a leading team in the Nippon Professional Baseball Pacific League.
What do you think?
Like, Follow, Agree, Disagree!
Eyeing up BYD againOne of my favourite stocks, BYD, has corrected quite sharply due to a pullback in China stocks due to stimulus ending - over 40% from the top. I believe we are forming at least an interim bottom and now's a good time to add to the position. BYD is a profitable electric car company with huge potential which is still valued far less than the likes of TESLA. It should continue to ride the EV wave as soon as the correction in Chinese stocks are finished. Unless of course, the wider market experiences a correction.
BYD - Nice opportunity to enter this momentum playBYD has recently been more in the spotlight due to the heated EV Space.
With BYD's superior financials and profitablity due to its wide range of products, the fundamental value that is strong and view pullbacks as entries to buy this a piece of this wonderful company.
BYD Co looking for new highs.The real Tesla of China? It's not $NIO.
$BYDDF. A BUY signal flashed Friday afternoon, bouncing off Fibonacci level.
This stock is on WATCHLIST, waiting for it to see rise above $27 to confirm an upward trend.
BYD Auto has the highest sales than NIO, LI, or Xpeng.
And having Warren Buffett as a primary investor is a big plus. Earnings coming up March 30th.
BYD expected to break the roofThe $210 roof was tested twice and the third time should be able to break through, as the overall sentiment for new generation electronic automobiles is quite positive.
$168 is the new bottom, with the SL max at 8%.
Entry Price: $182.50
SL: $167.60 (max 8% loss)
TP 1: $ 211.60 (15% gain; RRR - 1 : 2)
TP 2: $ 248.50 (36% gain; RRR - 1 : 4)