![]() ![]() Shares of BYD ended 2.6 percent higher in Shanghai today at CNY237.02 (USD37.33) each. Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. (Yicai Global) March 30 - Shares of dual-listed BYD diverged at the market close, recovering from a slump earlier in the day, after the Chinese automaker’s earnings report showed electric vehicle subsidies accounted for more than half of its net profit last year. “China remained the world’s largest electric car market with nearly 1.1 million electric cars sold in the year 2018”BYD Ends Mixed After Subsidies Made Up Over Half of EV Maker’s Annual Profit. BYD said in April that it would stop making fossil fuel-powered vehicles, becoming the world’s first traditional carmaker to do so.New York, United States, Mar 18, 2020, 08:43 /Comserve / - The China electric vehicles market is anticipated to record a CAGR of 30.21% during the forecast period, i.e. Its Hong Kong-listed stock lost 0.6 percent to HKD262.60 (USD33.46). Tesla Model 3 sells for more than CNY271,500 after subsidies in China.BYD fell 0.9 percent in Shenzhen to close at CNY310.85 (USD44.96). The BYD Han has three battery electric vehicle models with subsidized prices from CNY230,000 (USD32,848.23) to CNY279,500. The company’s shares rose 6.83 percent to CNY95.08 (USD13.46) by mid-morning on the release.
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