Warren Buffett-backed electric automaker hit by rising battery costs, analysts trim price targets

cnbc2021-03-31

KEY POINTSBYD announced late Monday that net profits attributable to shareholders in the first quarter will be between 200 million yuan ($30.4 million) and 300 million yuan.The lower-than-expected ...

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Comments

Coo24
2021-03-31
Coo24
Like and comment
SquareGuy
2021-03-31
SquareGuy
Wiser to be in Tesla from track record , especially in driving cost down and especially car battery
SquareGuy
2021-03-31
SquareGuy
https://www.benzinga.com/node/20412745
Dragnix
2021-03-31
Dragnix
Buy the dip
- Zhenghao:
  True
dandan_4896
2021-03-31
dandan_4896
I love all of u tiger traders. Do u love me???
EquityKing
2021-03-31
EquityKing
Tesla is the best
- Jasoncgs:
  why so?

Leave a comment

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As a result, Goldman Sachs analysts said in a March 18 note that the prices of the main materials will surge,driving battery prices about 18% higher.\"(BYD) mgmt. also mentioned they are facing pressure on raw material price surge, e.g. lithium carbonate, electrolyte & copper,\" Citi analysts said in a note, citing a call with BYD's Chairman Wang Chuanfu on Tuesday.The lower-than-expected first quarter guidance only accounts for 3% to 5% of what analysts are expecting for the full year, Credit Suisse analysts said in a note Tuesday. They lowered their price target on BYD’s Hong Kong-listed shares to 280 Hong Kong dollars, down from 310 Hong Kong dollars previously.But that new target still implies a gain of more than 60% for BYD from its close Tuesday of 170.40 Hong Kong dollars.The Credit Suisse analysts attributed the decline in profit guidance to seasonal weakness in car sales, lower government subsidies and rising prices for battery raw materials.BYD reported net profits attributable to shareholders of 4.23 billion yuan for all of 2020. The revenue share of automobiles and related products grew to 53% last year, up from 49% a year ago, while that of batteries remained the same at about 8%. The share of revenue from outside Greater China climbed to 39% from 16% a year ago.While new electric vehicle models in a growing market helped boost those profits, Nomura analysts pointed out the results come at the low end of the estimated range as “higher raw material costs have affected near-term profit growth.” Nomura maintained its price target on BYD of 300 Hong Kong dollars.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":354220408,"gmtCreate":1617180021004,"gmtModify":1704696861797,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3561259559295872","authorIdStr":"3561259559295872"},"htmlText":"Wiser to be in Tesla from track record , especially in driving cost down and especially car battery","listText":"Wiser to be in Tesla from track record , especially in driving cost down and especially car battery","text":"Wiser to be in Tesla from track record , especially in driving cost down and especially car battery","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/354220408","repostId":1113806067,"repostType":4,"repost":{"id":"1113806067","pubTimestamp":1617177408,"share":"https://ttm.financial/m/news/1113806067?lang=&edition=fundamental","pubTime":"2021-03-31 15:56","market":"hk","language":"en","title":"Warren Buffett-backed electric automaker hit by rising battery costs, analysts trim price targets","url":"https://stock-news.laohu8.com/highlight/detail?id=1113806067","media":"cnbc","summary":"KEY POINTSBYD announced late Monday that net profits attributable to shareholders in the first quart","content":"<div>\n<p>KEY POINTSBYD announced late Monday that net profits attributable to shareholders in the first quarter will be between 200 million yuan ($30.4 million) and 300 million yuan.The lower-than-expected ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/31/warren-buffett-backed-electric-automaker-hit-by-rising-battery-costs.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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 electric automaker hit by rising battery costs, analysts trim price targets</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; 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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 electric automaker hit by rising battery costs, analysts trim price targets\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-31 15:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/31/warren-buffett-backed-electric-automaker-hit-by-rising-battery-costs.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSBYD announced late Monday that net profits attributable to shareholders in the first quarter will be between 200 million yuan ($30.4 million) and 300 million yuan.The lower-than-expected ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/31/warren-buffett-backed-electric-automaker-hit-by-rising-battery-costs.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/9490fabe3a1e46bbe1e5ef6aa5be80fc","relate_stocks":{"002594":"比亚迪","01211":"比亚迪股份","BYDDY":"比亚迪ADR","00285":"比亚迪电子"},"source_url":"https://www.cnbc.com/2021/03/31/warren-buffett-backed-electric-automaker-hit-by-rising-battery-costs.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1113806067","content_text":"KEY POINTSBYD announced late Monday that net profits attributable to shareholders in the first quarter will be between 200 million yuan ($30.4 million) and 300 million yuan.The lower-than-expected first quarter guidance only accounts for 3% to 5% of what analysts are expecting for the full year, Credit Suisse analysts said in a note Tuesday.They attributed the decline in profit guidance to seasonal weakness in car sales, lower government subsidies and rising prices for battery raw materials.BEIJING — Chinese electric car companyBYDis feeling the hit of rising battery material costs.Backed by U.S.billionaireWarren Buffett, the automaker announced late Monday that net profits attributable to shareholders in the first quarter will be between 200 million yuan ($30.4 million) and 300 million yuan.\"Affected by the price fluctuation of upstream raw materials, the profit of automobile business is yet to be improved,\" BYD said in a release, noting seasonal factors also \"have a certain impact\" on new energy passenger vehicle sales.In a growing market for electric cars, demand for the batteries to run them is rising. As a result, Goldman Sachs analysts said in a March 18 note that the prices of the main materials will surge,driving battery prices about 18% higher.\"(BYD) mgmt. also mentioned they are facing pressure on raw material price surge, e.g. lithium carbonate, electrolyte & copper,\" Citi analysts said in a note, citing a call with BYD's Chairman Wang Chuanfu on Tuesday.The lower-than-expected first quarter guidance only accounts for 3% to 5% of what analysts are expecting for the full year, Credit Suisse analysts said in a note Tuesday. They lowered their price target on BYD’s Hong Kong-listed shares to 280 Hong Kong dollars, down from 310 Hong Kong dollars previously.But that new target still implies a gain of more than 60% for BYD from its close Tuesday of 170.40 Hong Kong dollars.The Credit Suisse analysts attributed the decline in profit guidance to seasonal weakness in car sales, lower government subsidies and rising prices for battery raw materials.BYD reported net profits attributable to shareholders of 4.23 billion yuan for all of 2020. The revenue share of automobiles and related products grew to 53% last year, up from 49% a year ago, while that of batteries remained the same at about 8%. The share of revenue from outside Greater China climbed to 39% from 16% a year ago.While new electric vehicle models in a growing market helped boost those profits, Nomura analysts pointed out the results come at the low end of the estimated range as “higher raw material costs have affected near-term profit growth.” Nomura maintained its price target on BYD of 300 Hong Kong dollars.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":354220081,"gmtCreate":1617179952043,"gmtModify":1704696860655,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3561259559295872","authorIdStr":"3561259559295872"},"htmlText":"https://www.benzinga.com/node/20412745","listText":"https://www.benzinga.com/node/20412745","text":"https://www.benzinga.com/node/20412745","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/354220081","repostId":1113806067,"repostType":4,"repost":{"id":"1113806067","pubTimestamp":1617177408,"share":"https://ttm.financial/m/news/1113806067?lang=&edition=fundamental","pubTime":"2021-03-31 15:56","market":"hk","language":"en","title":"Warren Buffett-backed electric automaker hit by rising battery costs, analysts trim price targets","url":"https://stock-news.laohu8.com/highlight/detail?id=1113806067","media":"cnbc","summary":"KEY POINTSBYD announced late Monday that net profits attributable to shareholders in the first quart","content":"<div>\n<p>KEY POINTSBYD announced late Monday that net profits attributable to shareholders in the first quarter will be between 200 million yuan ($30.4 million) and 300 million yuan.The lower-than-expected ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/31/warren-buffett-backed-electric-automaker-hit-by-rising-battery-costs.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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 electric automaker hit by rising battery costs, analysts trim price targets</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; 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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 electric automaker hit by rising battery costs, analysts trim price targets\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-31 15:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/31/warren-buffett-backed-electric-automaker-hit-by-rising-battery-costs.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSBYD announced late Monday that net profits attributable to shareholders in the first quarter will be between 200 million yuan ($30.4 million) and 300 million yuan.The lower-than-expected ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/31/warren-buffett-backed-electric-automaker-hit-by-rising-battery-costs.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/9490fabe3a1e46bbe1e5ef6aa5be80fc","relate_stocks":{"002594":"比亚迪","01211":"比亚迪股份","BYDDY":"比亚迪ADR","00285":"比亚迪电子"},"source_url":"https://www.cnbc.com/2021/03/31/warren-buffett-backed-electric-automaker-hit-by-rising-battery-costs.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1113806067","content_text":"KEY POINTSBYD announced late Monday that net profits attributable to shareholders in the first quarter will be between 200 million yuan ($30.4 million) and 300 million yuan.The lower-than-expected first quarter guidance only accounts for 3% to 5% of what analysts are expecting for the full year, Credit Suisse analysts said in a note Tuesday.They attributed the decline in profit guidance to seasonal weakness in car sales, lower government subsidies and rising prices for battery raw materials.BEIJING — Chinese electric car companyBYDis feeling the hit of rising battery material costs.Backed by U.S.billionaireWarren Buffett, the automaker announced late Monday that net profits attributable to shareholders in the first quarter will be between 200 million yuan ($30.4 million) and 300 million yuan.\"Affected by the price fluctuation of upstream raw materials, the profit of automobile business is yet to be improved,\" BYD said in a release, noting seasonal factors also \"have a certain impact\" on new energy passenger vehicle sales.In a growing market for electric cars, demand for the batteries to run them is rising. As a result, Goldman Sachs analysts said in a March 18 note that the prices of the main materials will surge,driving battery prices about 18% higher.\"(BYD) mgmt. also mentioned they are facing pressure on raw material price surge, e.g. lithium carbonate, electrolyte & copper,\" Citi analysts said in a note, citing a call with BYD's Chairman Wang Chuanfu on Tuesday.The lower-than-expected first quarter guidance only accounts for 3% to 5% of what analysts are expecting for the full year, Credit Suisse analysts said in a note Tuesday. They lowered their price target on BYD’s Hong Kong-listed shares to 280 Hong Kong dollars, down from 310 Hong Kong dollars previously.But that new target still implies a gain of more than 60% for BYD from its close Tuesday of 170.40 Hong Kong dollars.The Credit Suisse analysts attributed the decline in profit guidance to seasonal weakness in car sales, lower government subsidies and rising prices for battery raw materials.BYD reported net profits attributable to shareholders of 4.23 billion yuan for all of 2020. The revenue share of automobiles and related products grew to 53% last year, up from 49% a year ago, while that of batteries remained the same at about 8%. The share of revenue from outside Greater China climbed to 39% from 16% a year ago.While new electric vehicle models in a growing market helped boost those profits, Nomura analysts pointed out the results come at the low end of the estimated range as “higher raw material costs have affected near-term profit growth.” Nomura maintained its price target on BYD of 300 Hong Kong dollars.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":354269686,"gmtCreate":1617179215045,"gmtModify":1704696849674,"author":{"id":"3575037050079863","authorId":"3575037050079863","name":"Dragnix","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575037050079863","authorIdStr":"3575037050079863"},"htmlText":"Buy the dip","listText":"Buy the dip","text":"Buy the dip","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/354269686","repostId":1113806067,"repostType":4,"repost":{"id":"1113806067","pubTimestamp":1617177408,"share":"https://ttm.financial/m/news/1113806067?lang=&edition=fundamental","pubTime":"2021-03-31 15:56","market":"hk","language":"en","title":"Warren Buffett-backed electric automaker hit by rising battery costs, analysts trim price targets","url":"https://stock-news.laohu8.com/highlight/detail?id=1113806067","media":"cnbc","summary":"KEY POINTSBYD announced late Monday that net profits attributable to shareholders in the first quart","content":"<div>\n<p>KEY POINTSBYD announced late Monday that net profits attributable to shareholders in the first quarter will be between 200 million yuan ($30.4 million) and 300 million yuan.The lower-than-expected ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/31/warren-buffett-backed-electric-automaker-hit-by-rising-battery-costs.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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 electric automaker hit by rising battery costs, analysts trim price targets</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 electric automaker hit by rising battery costs, analysts trim price targets\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-31 15:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/31/warren-buffett-backed-electric-automaker-hit-by-rising-battery-costs.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSBYD announced late Monday that net profits attributable to shareholders in the first quarter will be between 200 million yuan ($30.4 million) and 300 million yuan.The lower-than-expected ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/31/warren-buffett-backed-electric-automaker-hit-by-rising-battery-costs.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/9490fabe3a1e46bbe1e5ef6aa5be80fc","relate_stocks":{"002594":"比亚迪","01211":"比亚迪股份","BYDDY":"比亚迪ADR","00285":"比亚迪电子"},"source_url":"https://www.cnbc.com/2021/03/31/warren-buffett-backed-electric-automaker-hit-by-rising-battery-costs.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1113806067","content_text":"KEY POINTSBYD announced late Monday that net profits attributable to shareholders in the first quarter will be between 200 million yuan ($30.4 million) and 300 million yuan.The lower-than-expected first quarter guidance only accounts for 3% to 5% of what analysts are expecting for the full year, Credit Suisse analysts said in a note Tuesday.They attributed the decline in profit guidance to seasonal weakness in car sales, lower government subsidies and rising prices for battery raw materials.BEIJING — Chinese electric car companyBYDis feeling the hit of rising battery material costs.Backed by U.S.billionaireWarren Buffett, the automaker announced late Monday that net profits attributable to shareholders in the first quarter will be between 200 million yuan ($30.4 million) and 300 million yuan.\"Affected by the price fluctuation of upstream raw materials, the profit of automobile business is yet to be improved,\" BYD said in a release, noting seasonal factors also \"have a certain impact\" on new energy passenger vehicle sales.In a growing market for electric cars, demand for the batteries to run them is rising. As a result, Goldman Sachs analysts said in a March 18 note that the prices of the main materials will surge,driving battery prices about 18% higher.\"(BYD) mgmt. also mentioned they are facing pressure on raw material price surge, e.g. lithium carbonate, electrolyte & copper,\" Citi analysts said in a note, citing a call with BYD's Chairman Wang Chuanfu on Tuesday.The lower-than-expected first quarter guidance only accounts for 3% to 5% of what analysts are expecting for the full year, Credit Suisse analysts said in a note Tuesday. They lowered their price target on BYD’s Hong Kong-listed shares to 280 Hong Kong dollars, down from 310 Hong Kong dollars previously.But that new target still implies a gain of more than 60% for BYD from its close Tuesday of 170.40 Hong Kong dollars.The Credit Suisse analysts attributed the decline in profit guidance to seasonal weakness in car sales, lower government subsidies and rising prices for battery raw materials.BYD reported net profits attributable to shareholders of 4.23 billion yuan for all of 2020. The revenue share of automobiles and related products grew to 53% last year, up from 49% a year ago, while that of batteries remained the same at about 8%. The share of revenue from outside Greater China climbed to 39% from 16% a year ago.While new electric vehicle models in a growing market helped boost those profits, Nomura analysts pointed out the results come at the low end of the estimated range as “higher raw material costs have affected near-term profit growth.” Nomura maintained its price target on BYD of 300 Hong Kong dollars.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3929091,"gmtCreate":1617179700390,"gmtModify":1680782427351,"authorId":3577189579318003,"author":{"id":3577189579318003,"idStr":"3577189579318003","authorId":3577189579318003,"name":"Zhenghao","avatar":"https://static.tigerbbs.com/9bc02f1c85fb8e61dbc393ac0ad551db","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":354269686,"type":1,"supId":0,"prevId":0,"content":"True","text":"True","html":"True"}],"langContent":"EN"},{"id":354286397,"gmtCreate":1617178659819,"gmtModify":1704696841983,"author":{"id":"3576232257279797","authorId":"3576232257279797","name":"dandan_4896","avatar":"https://static.tigerbbs.com/d8b00e27a4dd6f248e38c3d78f21f188","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3576232257279797","authorIdStr":"3576232257279797"},"htmlText":"I love all of u tiger traders. Do u love me???","listText":"I love all of u tiger traders. Do u love me???","text":"I love all of u tiger traders. Do u love me???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/354286397","repostId":1113806067,"repostType":4,"repost":{"id":"1113806067","pubTimestamp":1617177408,"share":"https://ttm.financial/m/news/1113806067?lang=&edition=fundamental","pubTime":"2021-03-31 15:56","market":"hk","language":"en","title":"Warren Buffett-backed electric automaker hit by rising battery costs, analysts trim price targets","url":"https://stock-news.laohu8.com/highlight/detail?id=1113806067","media":"cnbc","summary":"KEY POINTSBYD announced late Monday that net profits attributable to shareholders in the first quart","content":"<div>\n<p>KEY POINTSBYD announced late Monday that net profits attributable to shareholders in the first quarter will be between 200 million yuan ($30.4 million) and 300 million yuan.The lower-than-expected ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/31/warren-buffett-backed-electric-automaker-hit-by-rising-battery-costs.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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 electric automaker hit by rising battery costs, analysts trim price targets</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; 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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 electric automaker hit by rising battery costs, analysts trim price targets\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-31 15:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/31/warren-buffett-backed-electric-automaker-hit-by-rising-battery-costs.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSBYD announced late Monday that net profits attributable to shareholders in the first quarter will be between 200 million yuan ($30.4 million) and 300 million yuan.The lower-than-expected ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/31/warren-buffett-backed-electric-automaker-hit-by-rising-battery-costs.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/9490fabe3a1e46bbe1e5ef6aa5be80fc","relate_stocks":{"002594":"比亚迪","01211":"比亚迪股份","BYDDY":"比亚迪ADR","00285":"比亚迪电子"},"source_url":"https://www.cnbc.com/2021/03/31/warren-buffett-backed-electric-automaker-hit-by-rising-battery-costs.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1113806067","content_text":"KEY POINTSBYD announced late Monday that net profits attributable to shareholders in the first quarter will be between 200 million yuan ($30.4 million) and 300 million yuan.The lower-than-expected first quarter guidance only accounts for 3% to 5% of what analysts are expecting for the full year, Credit Suisse analysts said in a note Tuesday.They attributed the decline in profit guidance to seasonal weakness in car sales, lower government subsidies and rising prices for battery raw materials.BEIJING — Chinese electric car companyBYDis feeling the hit of rising battery material costs.Backed by U.S.billionaireWarren Buffett, the automaker announced late Monday that net profits attributable to shareholders in the first quarter will be between 200 million yuan ($30.4 million) and 300 million yuan.\"Affected by the price fluctuation of upstream raw materials, the profit of automobile business is yet to be improved,\" BYD said in a release, noting seasonal factors also \"have a certain impact\" on new energy passenger vehicle sales.In a growing market for electric cars, demand for the batteries to run them is rising. As a result, Goldman Sachs analysts said in a March 18 note that the prices of the main materials will surge,driving battery prices about 18% higher.\"(BYD) mgmt. also mentioned they are facing pressure on raw material price surge, e.g. lithium carbonate, electrolyte & copper,\" Citi analysts said in a note, citing a call with BYD's Chairman Wang Chuanfu on Tuesday.The lower-than-expected first quarter guidance only accounts for 3% to 5% of what analysts are expecting for the full year, Credit Suisse analysts said in a note Tuesday. They lowered their price target on BYD’s Hong Kong-listed shares to 280 Hong Kong dollars, down from 310 Hong Kong dollars previously.But that new target still implies a gain of more than 60% for BYD from its close Tuesday of 170.40 Hong Kong dollars.The Credit Suisse analysts attributed the decline in profit guidance to seasonal weakness in car sales, lower government subsidies and rising prices for battery raw materials.BYD reported net profits attributable to shareholders of 4.23 billion yuan for all of 2020. The revenue share of automobiles and related products grew to 53% last year, up from 49% a year ago, while that of batteries remained the same at about 8%. The share of revenue from outside Greater China climbed to 39% from 16% a year ago.While new electric vehicle models in a growing market helped boost those profits, Nomura analysts pointed out the results come at the low end of the estimated range as “higher raw material costs have affected near-term profit growth.” Nomura maintained its price target on BYD of 300 Hong Kong dollars.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":354214205,"gmtCreate":1617178272607,"gmtModify":1704696832148,"author":{"id":"3568290085916641","authorId":"3568290085916641","name":"EquityKing","avatar":"https://static.tigerbbs.com/6cddc9965d334dafd119ae3d57fb077d","vip":1,"crmLevel":8,"crmLevelSwitch":0,"idStr":"3568290085916641","authorIdStr":"3568290085916641"},"htmlText":"Tesla is the best","listText":"Tesla is the best","text":"Tesla is the best","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/354214205","repostId":1113806067,"repostType":4,"repost":{"id":"1113806067","pubTimestamp":1617177408,"share":"https://ttm.financial/m/news/1113806067?lang=&edition=fundamental","pubTime":"2021-03-31 15:56","market":"hk","language":"en","title":"Warren Buffett-backed electric automaker hit by rising battery costs, analysts trim price targets","url":"https://stock-news.laohu8.com/highlight/detail?id=1113806067","media":"cnbc","summary":"KEY POINTSBYD announced late Monday that net profits attributable to shareholders in the first quart","content":"<div>\n<p>KEY POINTSBYD announced late Monday that net profits attributable to shareholders in the first quarter will be between 200 million yuan ($30.4 million) and 300 million yuan.The lower-than-expected ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/31/warren-buffett-backed-electric-automaker-hit-by-rising-battery-costs.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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 electric automaker hit by rising battery costs, analysts trim price targets</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; 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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 electric automaker hit by rising battery costs, analysts trim price targets\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-31 15:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/31/warren-buffett-backed-electric-automaker-hit-by-rising-battery-costs.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSBYD announced late Monday that net profits attributable to shareholders in the first quarter will be between 200 million yuan ($30.4 million) and 300 million yuan.The lower-than-expected ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/31/warren-buffett-backed-electric-automaker-hit-by-rising-battery-costs.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/9490fabe3a1e46bbe1e5ef6aa5be80fc","relate_stocks":{"002594":"比亚迪","01211":"比亚迪股份","BYDDY":"比亚迪ADR","00285":"比亚迪电子"},"source_url":"https://www.cnbc.com/2021/03/31/warren-buffett-backed-electric-automaker-hit-by-rising-battery-costs.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1113806067","content_text":"KEY POINTSBYD announced late Monday that net profits attributable to shareholders in the first quarter will be between 200 million yuan ($30.4 million) and 300 million yuan.The lower-than-expected first quarter guidance only accounts for 3% to 5% of what analysts are expecting for the full year, Credit Suisse analysts said in a note Tuesday.They attributed the decline in profit guidance to seasonal weakness in car sales, lower government subsidies and rising prices for battery raw materials.BEIJING — Chinese electric car companyBYDis feeling the hit of rising battery material costs.Backed by U.S.billionaireWarren Buffett, the automaker announced late Monday that net profits attributable to shareholders in the first quarter will be between 200 million yuan ($30.4 million) and 300 million yuan.\"Affected by the price fluctuation of upstream raw materials, the profit of automobile business is yet to be improved,\" BYD said in a release, noting seasonal factors also \"have a certain impact\" on new energy passenger vehicle sales.In a growing market for electric cars, demand for the batteries to run them is rising. As a result, Goldman Sachs analysts said in a March 18 note that the prices of the main materials will surge,driving battery prices about 18% higher.\"(BYD) mgmt. also mentioned they are facing pressure on raw material price surge, e.g. lithium carbonate, electrolyte & copper,\" Citi analysts said in a note, citing a call with BYD's Chairman Wang Chuanfu on Tuesday.The lower-than-expected first quarter guidance only accounts for 3% to 5% of what analysts are expecting for the full year, Credit Suisse analysts said in a note Tuesday. They lowered their price target on BYD’s Hong Kong-listed shares to 280 Hong Kong dollars, down from 310 Hong Kong dollars previously.But that new target still implies a gain of more than 60% for BYD from its close Tuesday of 170.40 Hong Kong dollars.The Credit Suisse analysts attributed the decline in profit guidance to seasonal weakness in car sales, lower government subsidies and rising prices for battery raw materials.BYD reported net profits attributable to shareholders of 4.23 billion yuan for all of 2020. The revenue share of automobiles and related products grew to 53% last year, up from 49% a year ago, while that of batteries remained the same at about 8%. The share of revenue from outside Greater China climbed to 39% from 16% a year ago.While new electric vehicle models in a growing market helped boost those profits, Nomura analysts pointed out the results come at the low end of the estimated range as “higher raw material costs have affected near-term profit growth.” Nomura maintained its price target on BYD of 300 Hong Kong dollars.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3929886,"gmtCreate":1617186945451,"gmtModify":1680782430477,"authorId":3561084656165923,"author":{"id":3561084656165923,"idStr":"3561084656165923","authorId":3561084656165923,"name":"Jasoncgs","avatar":"https://static.tigerbbs.com/1622d5cfadd1fed439627266676535c8","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.28","exceedPercentage":"93.35%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":354214205,"type":1,"supId":0,"prevId":0,"content":"why so?","text":"why so?","html":"why so?"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":21,"commentSize":11,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1113806067"}