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    002594   CNE100001526

BYD COMPANY LIMITED

(002594)
  Report
End-of-day quote Shenzhen Stock Exchange  -  2022-09-29
252.01 CNY   -4.75%
06:12aBYD Outpaces Tesla to Become World’s Top-Selling EV Brand
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10/04BYD Shares Jump, Fueled by Strong Sales, Risk-On Sentiment
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10/04German Car Rental Firm Sixt to Deploy BYD Cars Under New Long-Term Partnership
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China's Didi EV joint venture with Li Auto applies for bankruptcy - court

08/11/2022 | 06:11am EDT
FILE PHOTO: China's Didi Global Inc. debuts on New York Stock Exchange

SHANGHAI (Reuters) - Chinese ride-hailing firm Didi's joint venture with Li Auto has applied for bankruptcy, according to a court filing, pointing to the end of a four-year-old partnership to make electric vehicles (EV).

The company, 51% owned by Didi while 49% held by Li Auto, submitted the bankruptcy application to Beijing No. 1 Intermediate People's Court on Thursday, a statement on a website run by the Supreme Court showed.

Didi and Li Auto did not immediately respond to requests for comment.

Didi and Li Auto, previously known as Chehejia, established Beijing Judian Chuxing Technology in 2018 to develop and manufacture customized smart electric vehicles for ride-hailing services. It was also among a series of partnerships Didi struck with major automakers including Volkswagen, Toyota and BYD with plans to adopt more EVs with autonomous driving technologies in its fleets.

While Didi and BYD launched a co-developed EV model D1 in 2020, most of the collaborations have made little progress.

Scrutiny from Beijing for suspected violation of data security has forced Didi to de-list from the New York Stock Exchange and reined in its business since last July.

However, the ride-hailing firm has quietly pushed ahead with a car-making project, code-named "Da Vinci", Reuters reported in June.

It was also in advanced talks with state-backed Sinomach Automobile to buy a third of its electric-vehicle unit, Reuters reported then.

(Reporting by Zhang Yan, Brenda Goh; Editing by Robert Birsel)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BYD COMPANY LIMITED -4.75% 252.01 End-of-day quote.-6.01%
BYD COMPANY LIMITED -2.29% 205 Delayed Quote.-21.31%
DIDI GLOBAL INC. -0.99% 2 Delayed Quote.-59.44%
LI AUTO INC. -1.10% 94.6 Delayed Quote.-22.90%
SINOMACH AUTOMOBILE CO., LTD. -1.73% 7.38 End-of-day quote.-14.98%
TOYOTA INDUSTRIES CORPORATION 1.35% 7490 Delayed Quote.-19.59%
TOYOTA MOTOR CORPORATION -0.05% 2000 Delayed Quote.-4.96%
VOLKSWAGEN AG 2.13% 132.38 Delayed Quote.-26.97%
VOLKSWAGEN AG 2.31% 175 Delayed Quote.-33.80%
All news about BYD COMPANY LIMITED
06:12aBYD Outpaces Tesla to Become World’s Top-Selling EV Brand
MT
10/04BYD Shares Jump, Fueled by Strong Sales, Risk-On Sentiment
DJ
10/04German Car Rental Firm Sixt to Deploy BYD Cars Under New Long-Term Partnership
MT
10/03BYD Sees YOY Increase in Production and Sales
MT
10/03BYD Company Limited Announces Production Results for the Month and Year to Date Septemb..
CI
10/03BYD Company Limited Announces Sales Results for the Month and Year to Date September 20..
CI
09/30Shenzhen stock exchange suspends registration of BYD unit's IPO application
RE
09/29BYD Foraying Into Jordan Car Market With Local Dealer
MT
09/28BYD Announces Pre-sale Prices of European Passenger Car Range
BU
09/27Toyota to start selling small electric sedan in China by year-end - sources
RE
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Analyst Recommendations on BYD COMPANY LIMITED
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Financials
Sales 2022 365 B 51 310 M 51 310 M
Net income 2022 9 999 M 1 405 M 1 405 M
Net cash 2022 38 577 M 5 423 M 5 423 M
P/E ratio 2022 59,2x
Yield 2022 0,14%
Capitalization 660 B 92 709 M 92 709 M
EV / Sales 2022 1,70x
EV / Sales 2023 1,18x
Nbr of Employees 418 700
Free-Float 57,8%
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Technical analysis trends BYD COMPANY LIMITED
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 26
Last Close Price 185,78 CNY
Average target price 324,20 CNY
Spread / Average Target 74,5%
EPS Revisions
Managers and Directors
Chuan Fu Wang Chairman, President & General Manager
Ya Lin Zhou Chief Financial Officer
Jun Qing Dong Chairman-Supervisory Board
Hong Ping Cai Independent Non-Executive Director
Yan Bo Jiang Independent Non-Executive Director
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