002594 BYD Company Limited
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- +7.90+3.62%
BYD Company Limited News
Express News | Shenzhen BYD Property Insurance Approved to Use Nationwide Unified Communications Insurance Clauses and Basic Insurance Rates
Express News | State Financial Supervisory Administration: Agreed that BYD Financial Insurance will use nationally unified Jiaotong Insurance terms, basic insurance premium rates and corresponding rate fluctuation factors in Henan, Hunan, Guangdong and other places
“Catfish” is really here! BYD Financial Insurance has been approved to use unified national traffic insurance policies and rate coefficients. Can it stir up the NEV insurance market?
① On the morning of May 6, the official website of the State Administration of Finance issued an approval, agreeing that BYD Financial Insurance will use nationally unified Jiaotong Insurance terms, basic insurance premium rates, and corresponding rate fluctuation factors in some regions. ② On May 3, BYD set up an insurance service portal in the official app. ③ New energy vehicle insurance faces the problems of high insurance, high compensation, and profit difficulties, which is the reason why many car companies are currently “passively” entering the financial insurance market.
Express News | BYD and others invested 500 million yuan to establish a sodium battery technology company in Xuzhou
Intraday Overview | The three major indices of Hong Kong stocks weakened slightly, and the pharmaceutical outsourcing concept rose against the market
Road transport stocks strengthened; Guangzhou-Shenzhen Railway shares rose more than 9%, Anhui Wantong Expressway rose more than 6%; domestic housing stocks collectively pulled back, Agile Group fell more than 6%, and Midea Real Estate fell more than 5%.
Auto stocks fluctuated higher, with Zotye and Jinlong both rising and stopping, while Dongfeng Motor, CIMC, BYD, and JAC followed suit.
Auto stocks fluctuated higher, with Zotye and Jinlong both rising and stopping, while Dongfeng Motor, CIMC, BYD, and JAC followed suit.
Express News | Since May, the car market has set off another promotion boom, and intelligence has become an important “selling point”
Express News | BYD: Sales of new energy vehicles in April were 313,245 units, compared to 210,295 units in the same period last year
Express News | According to BYD Auto's Weibo account, the Yuan Plus Honor Edition sold 2,2001 vehicles in April, with cumulative sales exceeding 680,000 units.
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Express News | Buffett says Munger patted the table and made him buy BYD
BYD (002594) sales review: April sales increased slightly month-on-month, and mixed share increased markedly
Key investment points BYD's NEV sales in April increased slightly month-on-month, in line with market expectations. BYD sold 313,000 electric vehicles in April, +49%/+3.6% year on month, of which 41,011 units were exported, +20 compared to the previous month
BYD (002594): Steady increase in sales drives cost reduction and efficiency to fully develop intelligent driving in the second half of the year
Incident: The company released its 2024 quarterly report. Q1 achieved revenue of 124.944 billion yuan, +3.97% year over year, net profit of 4.771 billion yuan, +9.17% year over year, net profit of 37.52 billion yuan
BYD, big announcement!
During the May 1st holiday, the NEV market is booming.
BYD (002594): Q1 profit of 4.57 billion, off-season + price cuts show profit resilience
Core view The company's 24Q1 revenue was 124.94 billion yuan, +4% year-on-year, -30.6% month-on-month, and net profit to mother 4.57 billion yuan, +10.6% year-on-year, and -47.3% month-on-month, of which the net profit of the automobile business was 41 billion yuan
Express News | All models of BYD's Dynasty Network launched preferential car purchase policies and bike replacement subsidies of up to 18,000 yuan
BYD (002594): Gross margin increased month-on-month in the first quarter, and the process of going overseas and high-end continued to advance
Net profit returned to mother increased 11% year-on-year in the first quarter, and leading car companies performed steadily. In 24Q1, BYD achieved revenue of 124.94 billion yuan, +42% year-on-year, and achieved sales of 626,000 new energy vehicles, +13.4% year-on-year.
Express News | BYD Auto: SEAL sold 14,269 cars in April.
Express News | BYD destroyers sold 32,800 units in April
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