BYD Confident of Hitting 3 Million Sales Despite China Weakness

Bloomberg2023-08-30

China automaker signals solid profits will continue this halfBYD shares have rallied 10% since bumper quarterly earningsThe Warren Buffett-backed clean car giant has sold 1.5 million fully-electric ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

666huat666
2023-08-30
666huat666
Huat ah all the way [Miser] [Miser] [Miser]

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1199320587?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-08-30 13:12","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1199320587","market":"hk","top_or_hot":-1,"title":"BYD Confident of Hitting 3 Million Sales Despite China Weakness","media":"Bloomberg","content":"<div>\n<p>China automaker signals solid profits will continue this halfBYD shares have rallied 10% since bumper quarterly earningsThe Warren Buffett-backed clean car giant has sold 1.5 million fully-electric ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-08-30/byd-confident-of-hitting-3-million-sales-despite-china-weakness?srnd=premium\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","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>BYD Confident of Hitting 3 Million Sales Despite China Weakness</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\">\nBYD Confident of Hitting 3 Million Sales Despite China Weakness\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-30 13:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-08-30/byd-confident-of-hitting-3-million-sales-despite-china-weakness?srnd=premium><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China automaker signals solid profits will continue this halfBYD shares have rallied 10% since bumper quarterly earningsThe Warren Buffett-backed clean car giant has sold 1.5 million fully-electric ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-08-30/byd-confident-of-hitting-3-million-sales-despite-china-weakness?srnd=premium\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"002594","symbol_name":"比亚迪","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2023-08-30/byd-confident-of-hitting-3-million-sales-despite-china-weakness?srnd=premium","article_id":"1199320587","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1199320587","pubTimestamp":1693372321,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"China automaker signals solid profits will continue this halfBYD shares have rallied 10% since bumper quarterly earningsThe Warren Buffett-backed clean car giant has sold 1.5 million fully-electric an","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"002594":"比亚迪","BYDDY":"比亚迪ADR","01211":"比亚迪股份"},"translate_title":"尽管中国市场疲软，比亚迪仍有信心达到300万辆","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"002594":1.1,"01211":1.1,"BYDDY":1.1},"content_text":"China automaker signals solid profits will continue this halfBYD shares have rallied 10% since bumper quarterly earningsThe Warren Buffett-backed clean car giant has sold 1.5 million fully-electric and hybrid passenger vehicles this year through July.BYD Co. remains confident of selling 3 million clean cars this year despite economic challenges and an intense price war in the world’s second-biggest economy, founder and Chairman Wang Chuanfu told analysts at a briefing Tuesday, according to people who were present at the event.China’s best-selling auto brand also signaled solid profits will continue in the second half of 2023, further boosting the outlook for the company, according to the people, who declined to be identified because the analyst meeting was private.The Shenzhen-based market-leader on Monday unveiled a 145% increase in second-quarter profit to 6.8 billion yuan ($934 million), and a 67% jump in revenue to 140 billion yuan after selling a record number of cars in a three-month period.A price war started by Tesla Inc. at the start of the year has squeezed other EV manufacturers. Both Xpeng Inc. and Nio Inc. this month reported wider-than-estimated second-quarter losses. BYD, however, has resisted joining the price war, instead relying on its broad range of models and price points to attract buyers.For BYD “the clear message is they’re not” going to cut prices, Yuqian Ding, HSBC Qianhai Securities head of China autos research, told Bloomberg Television on Wednesday. “The upgraded product mix could help them mitigate largely from the pricing side so they stay more resilient and disciplined,” she said.The Warren Buffett-backed clean car giant has sold 1.5 million fully-electric and hybrid passenger vehicles this year through July, half way to its annual target.BYD shares rose 4.1% as of 13.10 a.m. in Hong Kong, taking its gain since the earnings report to 10%.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":214370814468120,"gmtCreate":1693376146275,"gmtModify":1693376149516,"author":{"id":"3559102890148495","authorId":"3559102890148495","name":"666huat666","avatar":"https://community-static.tradeup.com/news/aaee715fb6027f469a083e0084bbd67c","vip":1,"crmLevel":6,"crmLevelSwitch":1},"htmlText":"Huat ah all the way&nbsp;[Miser]&nbsp;[Miser]&nbsp;[Miser]&nbsp;","listText":"Huat ah all the way&nbsp;[Miser]&nbsp;[Miser]&nbsp;[Miser]&nbsp;","text":"Huat ah all the way [Miser] [Miser] [Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/214370814468120","repostId":1199320587,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":4,"commentSize":1,"repostSize":1,"favoriteSize":1,"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":"4.24.2","shortVersion":"4.24.2","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/1199320587"}