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pch1985
2021-08-04

Still prefer NIO

Warren Buffett-Backed Nio Rival Automaker Shoots Up 10% In China: What's Going On?

Chinese automaker BYD Co Ltd’s BYDDF Shenzhen-listed shares soared 10% on Wednesday. What’s Moving?

Warren Buffett-Backed Nio Rival Automaker Shoots Up 10% In China: What's Going On?

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The annual estimate for the current year is 600,000 vehicles and 820,000 vehicles in 2022.</p>\n<p>The brokerage estimates BYD's market capitalization is heading toward RMB 1 trillion ($155 billion) on the back of strong fundamentals including its auto business which could exceed $62 billion soon.</p>\n<p>The brokerage has maintained a \"Strongly Recommended\" rating on BYD and raised the target price of BYD's A-share in <a href=\"https://laohu8.com/S/CAAS\">China</a> to RMB 360.7.</p>\n<p>BYD has been focusing on switching to a fully electric vehicle lineup and its current new energy vehicle portfolio consists of cars, buses, and trucks. The automaker is expected to clock around 20,000 pure electric vehicles in July, as per the report.</p>\n<p>BYD’s battery-powered electric vehicle sales number is the metric most-suited for like-to-like comparison with Chinese peers such as<b>Nio Inc</b>NIOand also<b>Tesla Inc</b>&nbsp;TSLA.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Warren Buffett-Backed Nio Rival Automaker Shoots Up 10% In China: What's Going On?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWarren Buffett-Backed Nio Rival Automaker Shoots Up 10% In China: What's Going On?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-08-04 16:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Chinese automaker&nbsp;<b>BYD Co Ltd’s</b>&nbsp;BYDDF&nbsp;Shenzhen-listed shares soared 10% on Wednesday.</p>\n<p><b>What’s Moving?</b>&nbsp;Shares of<b><a href=\"https://laohu8.com/S/BRK.A\">Berkshire Hathaway</a> Inc</b>(NYSE:BRK-A) (NYSE:BRK-B) Chairman Warren Buffett-backed BYD, which have risen 58.6% so far this year in Shenzhen, closed at RMB 308.09 on Tuesday.</p>\n<p>The OTC-listed shares of BYD, which have risen 25% so far this year, had closed 0.17% higher at $66.10 on Tuesday.</p>\n<p><b>Why Is It Moving?</b>&nbsp;As percnEVpost, the latest research note from brokerage Huachang Securities claims BYD could clock a million vehicle sales in 2023. The annual estimate for the current year is 600,000 vehicles and 820,000 vehicles in 2022.</p>\n<p>The brokerage estimates BYD's market capitalization is heading toward RMB 1 trillion ($155 billion) on the back of strong fundamentals including its auto business which could exceed $62 billion soon.</p>\n<p>The brokerage has maintained a \"Strongly Recommended\" rating on BYD and raised the target price of BYD's A-share in <a href=\"https://laohu8.com/S/CAAS\">China</a> to RMB 360.7.</p>\n<p>BYD has been focusing on switching to a fully electric vehicle lineup and its current new energy vehicle portfolio consists of cars, buses, and trucks. The automaker is expected to clock around 20,000 pure electric vehicles in July, as per the report.</p>\n<p>BYD’s battery-powered electric vehicle sales number is the metric most-suited for like-to-like comparison with Chinese peers such as<b>Nio Inc</b>NIOand also<b>Tesla Inc</b>&nbsp;TSLA.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BYDDY":"比亚迪ADR","01211":"比亚迪股份","00285":"比亚迪电子","BRK.B":"伯克希尔B","BRK.A":"伯克希尔","002594":"比亚迪"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162113258","content_text":"Chinese automaker BYD Co Ltd’s BYDDF Shenzhen-listed shares soared 10% on Wednesday.\nWhat’s Moving? Shares ofBerkshire Hathaway Inc(NYSE:BRK-A) (NYSE:BRK-B) Chairman Warren Buffett-backed BYD, which have risen 58.6% so far this year in Shenzhen, closed at RMB 308.09 on Tuesday.\nThe OTC-listed shares of BYD, which have risen 25% so far this year, had closed 0.17% higher at $66.10 on Tuesday.\nWhy Is It Moving? As percnEVpost, the latest research note from brokerage Huachang Securities claims BYD could clock a million vehicle sales in 2023. The annual estimate for the current year is 600,000 vehicles and 820,000 vehicles in 2022.\nThe brokerage estimates BYD's market capitalization is heading toward RMB 1 trillion ($155 billion) on the back of strong fundamentals including its auto business which could exceed $62 billion soon.\nThe brokerage has maintained a \"Strongly Recommended\" rating on BYD and raised the target price of BYD's A-share in China to RMB 360.7.\nBYD has been focusing on switching to a fully electric vehicle lineup and its current new energy vehicle portfolio consists of cars, buses, and trucks. The automaker is expected to clock around 20,000 pure electric vehicles in July, as per the report.\nBYD’s battery-powered electric vehicle sales number is the metric most-suited for like-to-like comparison with Chinese peers such asNio IncNIOand alsoTesla Inc TSLA.","news_type":1},"isVote":1,"tweetType":1,"viewCount":123,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":14,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}