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MarketScreener Homepage  >  Equities  >  SHENZHEN STOCK EXCHANGE  >  BYD Company Limited    002594   CNE100001526

BYD COMPANY LIMITED

(002594)
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End-of-day quote. End-of-day quote SHENZHEN STOCK EXCHANGE - 10/30
159.81 CNY   +0.90%
10/29BYD Co. 3Q Net Profit Surged
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10/27BYD COMPANY LIMITED : quaterly earnings release
10/15BYD : Brings Zero Emission Refuse Collection to Sunshine State
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China's Didi, BYD to launch co-designed ride-hailing EV - source

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09/21/2020 | 02:20am EDT

BEIJING, Sept 21 (Reuters) - China's ride-hailing giant Didi Chuxing and electric vehicle maker BYD plan to launch this year a test batch of a vehicle they have designed for ride-hailing services, a person familiar with the matter said.

BYD received approval from China's Ministry of Industry and Information Technology to sell an electric sedan model called D1 last month, according to government documents. A person close to Didi and BYD's joint venture told Reuters D1 is the purpose-built vehicle for ride hailing services developed by the two firms.

The person, who declined to be named as the information is not public, said the companies were trying to deliver the vehicles to Didi's fleet partner companies within this year.

Shenzhen-based BYD, which is backed by U.S. investor Warren Buffett, was not immediately available for comment.

Didi, which is China's biggest ride hailing service provider, is developing a swathe of auto-related technologies. It has launched several joint ventures with established automakers including Volkswagen, BAIC, and BYD to develop intelligent vehicles and fleet management.

In 2018, Didi formed an alliance with automakers to develop purpose-built cars for ride-hailing, with the company offering its customer and operational skills to automakers wanting to develop their own ride-hailing services in return for design expertise. D1 is the first known model since the announcement.

The move underscores how tech firms, from software makers for self-driving vehicles to car-sharing platforms, are disrupting traditional automakers amid major shifts towards electric vehicles and pay-per-use models.

Didi is also in the midst of expanding its operations in China with its CEO Cheng Wei setting a goal of completing 100 million orders a day and reaching 800 million monthly active users globally by 2022.

(Reporting by Yilei Sun and Brenda Goh Editing by Tomasz Janowski)


Stocks mentioned in the article
ChangeLast1st jan.
BAIC MOTOR CORPORATION LIMITED 1.78% 2.86 End-of-day quote.-35.29%
BYD COMPANY LIMITED 0.90% 159.81 End-of-day quote.235.24%
VOLKSWAGEN AG -1.45% 125.1 Delayed Quote.-29.02%
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All news about BYD COMPANY LIMITED
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Financials
Sales 2020 141 B 21 039 M 21 039 M
Net income 2020 4 109 M 614 M 614 M
Net Debt 2020 56 370 M 8 424 M 8 424 M
P/E ratio 2020 89,8x
Yield 2020 0,09%
Capitalization 412 B 61 495 M 61 521 M
EV / Sales 2020 3,32x
EV / Sales 2021 2,70x
Nbr of Employees 229 154
Free-Float 49,1%
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Technical analysis trends BYD COMPANY LIMITED
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 111,20 CNY
Last Close Price 133,03 CNY
Spread / Highest target 43,2%
Spread / Average Target -16,4%
Spread / Lowest Target -75,3%
EPS Revisions
Managers
NameTitle
Chuan Fu Wang Chairman, President & General Manager
Jun Qing Dong Chairman-Supervisory Board
Ya Lin Zhou Chief Financial Officer
Zuo Quan Xia Non-Executive Director
Xiang Yang LŁ Vice Chairman
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