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    1211   CNE100000296

BYD COMPANY LIMITED

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Delayed Hong Kong Stock Exchange  -  05/20 03:56:05 am EDT
268.00 HKD   +3.24%
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BYD Co., Ltd. Partners with Nuro to Manufacture All-Electric Autonomous Delivery Vehicle

01/17/2022 | 08:04am EDT

BYD Co. Ltd. announced its partnership with vehicle company Nuro to begin producing the company’s third-generation electric autonomous delivery vehicle. The partnership is expected to scale Nuro’s more affordable, eco-friendly, and convenient services to millions of people across the country. Combining both partners’ advanced technology, Nuro’s third-generation autonomous delivery vehicle will feature greater payload and new safety technologies. With twice the cargo volume of Nuro’s current R2 model, the automotive production grade vehicle will also feature modular inserts to customize storage and new temperature-controlled compartments to keep goods warm or cool. Safety enhancements include an external airbag to further improve safety for pedestrians outside the vehicle, as well as a multi-modal sensing suite, including cameras, radars, lidar, and thermal cameras, creating a redundant 360-degree view of the world. Nuro was founded in 2016 by Jiajun Zhu and Dave Ferguson, former principal engineers of Google’s self-driving car team. Specializing in developing zero-occupant vehicles designed specifically for transporting goods and not passengers, Nuro has launched two generations of autonomous vehicles, introduced delivery service with industry leaders including Domino’s, Kroger, and 7-Eleven, and announced a multi-year partnership with FedEx. As a leader in the NEV industry, BYD has innovated rich technologies in the field of electrification. In this project, BYD is jointly working with Nuro on vehicle development, and is responsible for vehicle manufacturing and initial vehicle testing, and provides hardware like the Blade Battery, electric motors, electronic controls, and displays for human-machine interaction. Nuro integrates technologies such as autonomous driving, control modules and sensors. BYD will finish assembly of the hardware platform at its Lancaster plant in the United States using globally sourced components. Nuro will then complete the vehicle manufacturing process by installing and testing the autonomy systems that will make the platform capable of operation at the company’s new facilities in southern Nevada.


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Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -1.35% 2207.68 Delayed Quote.-23.80%
BYD COMPANY LIMITED 3.31% 268 Delayed Quote.-2.63%
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Financials
Sales 2022 345 B 51 441 M 51 441 M
Net income 2022 7 742 M 1 153 M 1 153 M
Net cash 2022 32 556 M 4 851 M 4 851 M
P/E ratio 2022 96,6x
Yield 2022 0,10%
Capitalization 760 B 113 B 113 B
EV / Sales 2022 2,11x
EV / Sales 2023 1,70x
Nbr of Employees 288 186
Free-Float 57,1%
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Mean consensus BUY
Number of Analysts 23
Last Close Price 222,04 CNY
Average target price 274,45 CNY
Spread / Average Target 23,6%
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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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