- BYD Company (OTCPK:BYDDF) expects Q1 net income to be in the range of RMB650M to RMB950M, up 174% to 300% Y/Y.
- Basic EPS to range between RMB0.22 to RMB0.33 vs. RMB0.08 year ago.
- Despite the adverse impact of macroeconomic downturn and Covid epidemic outbreaks, the company sold 286,329 NEVs in the first quarter, up 423% Y/Y.
GBA Presents: THE BARE ESSENTIALS
- Thread starter stonedinvestor
- Start date
This was backed up by a show in Las Vegas this month where BYD showed off their autonomous Class 8 truck capability: Ha ha WATCH OUT YOU KNOW WHO!!!
byd
In addition the company has a strong and somewhat niche position in several specific types of trucks, especially fork-lifts.<---- Smart
byd
In addition the company has a strong and somewhat niche position in several specific types of trucks, especially fork-lifts.<---- Smart
Van you have a good eye there is alot to like here--
The company's actual divisions are booming. EV sales, E-bus sales and battery production are all very strong. E-truck sales are starting to follow suit. Trucks could be a hidden gem for the company in the next few years.
The one thing I would say is batteries are for those other car makers who's sales are DOWN... XPING etc.. NIO... So that could be an earnings problem even if there own sales are good.
I like all the buses. These seems like a solid bet in the EV space and may even have Buffett as an investor<------
The company's actual divisions are booming. EV sales, E-bus sales and battery production are all very strong. E-truck sales are starting to follow suit. Trucks could be a hidden gem for the company in the next few years.
The one thing I would say is batteries are for those other car makers who's sales are DOWN... XPING etc.. NIO... So that could be an earnings problem even if there own sales are good.
I like all the buses. These seems like a solid bet in the EV space and may even have Buffett as an investor<------
Warren Buffet-Backed BYD ends full combustion engine cars to focus on electric, plug-in hybrids????????
I like TWLO and UPST tbh.
As a tech pick that is.
not using nickel!!!-- Iron ore instead!!!
BYD Their "Blade" LFP battery has been well received and BYD are said to be supplying this as an OEM to various auto heavyweights around the world. Recent unconfirmed media reports in China suggest Tesla have ordered "Blade" batteries for about 204,000 cars this year from the Shanghai factory. This is quite meaningful although pales in comparison to the batteries for 800,000 cars that Tesla have reportedly committed to CATL. Indeed the vertical integration model of BYD can in many ways be seen as the model that Tesla is trying to emulate. Rival Nio are also said to be in discussions with BYD. Ford (NYSE:F) is already buying Blade batteries for its China-made "Mach-E" and Toyota (TM) is a customer for a new vehicle for the China market.
BYD's focus on LFP batteries using iron may prove very beneficial at a time when nickel prices are soaring hitting competitors' coasts.
BYD Their "Blade" LFP battery has been well received and BYD are said to be supplying this as an OEM to various auto heavyweights around the world. Recent unconfirmed media reports in China suggest Tesla have ordered "Blade" batteries for about 204,000 cars this year from the Shanghai factory. This is quite meaningful although pales in comparison to the batteries for 800,000 cars that Tesla have reportedly committed to CATL. Indeed the vertical integration model of BYD can in many ways be seen as the model that Tesla is trying to emulate. Rival Nio are also said to be in discussions with BYD. Ford (NYSE:F) is already buying Blade batteries for its China-made "Mach-E" and Toyota (TM) is a customer for a new vehicle for the China market.
BYD's focus on LFP batteries using iron may prove very beneficial at a time when nickel prices are soaring hitting competitors' coasts.
I got a confirm on that. I don't know what price he got in prob a huge discount.
BYD (BYDDF) has no Composite Rating and an EPS Rating of 25, but it is profitable. Shares are back above the 10-week average, after a dive earlier this year. They ran up sharply in the latter half of 2021. China's BYD is Hong Kong-listed, trading over the counter in the U.S.
Chinese car and battery giant BYD is shifting entirely to battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs). BYD more than quadrupled EV sales in March, after more than tripling EV sales in 2021. Backed by Warren Buffett's Berkshire Hathaway (BRKB), BYD has begun selling the Tang electric SUV in Norway. It will likely substantially increase exports in 2022, with Europe and Australia among the key markets.
Small factoid I dug up-->
A major EV battery maker and supplier, BYD also makes its own chips, which allowed rapid expansion in 2021 and so far this year.
That could be big because supply chain issues (chips) wil be the big excuse when these variopus EV guys report...
It's a GREEN LIGHT STOCK-- Especially if China would get their act together and say something negative about Russia's aggression which they won't because they eye Taiwan the same way.
Timing here is tricky.
THIS IS A HUGE WEEK FOR EARNINGS AND THE MARKET! ANY FB RALLY AND BEAT WOULD BE EXTREMELY WELL RECEIVED BY MR . MARKET// THAT IS NOT EXPECTED OF COURSE BUT I WOULDN'T PUT IT PAST MARk Z to pull a rabbit out of the hat......
Yeah that and Google.
If Google comes in strong it should lift the tide. for now at least.