EV company news
BYD Co. (OTCPK:BYDDY), (OTCPK:OTCPK:BYDDF) HK:1211
BYD is currently ranked the number 1 globally, with 16% global market share, and is ranked number 1 in China with 27% market share.
On March 19, Automotive News China reported:
BYD shores up sales behind EV demand. BYD Co.'s sales rose 2.1 percent to 26,833 in February as robust demand for electrified vehicles more than offset an ongoing sharp decline in gasoline-powered car and light-truck deliveries. BYD delivered 14,429 plug-in hybrids and electric vehicles last month, a surge of 72 percent, according to company filings.
On March 29, Automotive News China reported:
BYD predicts sharp rise in profit. BYD Co. reported a 32 percent drop in 2018 net profit but said that it expects its first-quarter profit to jump by up to nearly 800 percent. The carmaker, which is Daimler's partner in China, said its electric vehicle models were selling well, prompting it to predict a 583 percent to 779 percent growth in net profit for the first three months of 2019, up from 102.4 million yuan over the same period last year.