Cars are here to stay. They are arguably the most important form of transportation for billions of people and have been so for decades. Almost certainly they will hold that position for decades to come. However, this vitality is not expressed as much as it should be in the stock market. Some car companies have valuations the same as their yearly revenue, showing that investors do not have high expectations for the future. Li Auto (LI) Li Auto (NASDAQ:LI) is a Chinese EV company dominating the market but is ...

Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Business Insider contacted BYD for comment but didn't immediately hear back. Related stories Philip Nothard, insight and strategy director at automotive consultancy Cox Automotive, told Business Insider that BYD's latest move was proof of the Chinese carmaker's ambitious plans for international and European investment. Advertisement By clicking "Sign Up", you accept our Terms of Service ...

The auto sector is currently enjoying a very bullish period. This year has been very profitable for the industry, as seen by the rise in sales of auto and electric vehicles. In the first five months of the year, vehicle sales increased by 3-5%, and we can expect more surges like this as the year goes on. As the second half of the year begins, auto stocks have emerged as ideal options for investors. If you are interested in auto stocks, keep reading this article to learn about the three best stocks to buy in ...

BYD Seal U electric car at the IAA Mobility 2023 international motor show on September 6, 2023 in Munich, Germany. BYD's second-quarter battery EV sales jumped nearly 21% year on year to 426,039 units, according to CNBC's calculations. Tesla's second-quarter deliveries fell 4.8% to 443,956 vehicles. Chinese electric vehicle startup BYD is on track to overtake Tesla in battery electric vehicle sales this year, with its BEV market share expected to surge, according to Counterpoint Research released Tuesday. L ...

We have all heard about the woes of renewable energy stocks these days. Macroeconomic uncertainty has disincentivized consumers and businesses to stop investing in clean energy technologies or infrastructure. Moreover, high interest rates have also severely dented consumer demand for new electric vehicles, which have come with expensive car notes and car insurance. On the earnings side, renewable energy companies tend to be capital expenditure (capex) heavy. With rates as high as they are, higher capex coul ...

China-based electric vehicle (EV) maker BYD Co Ltd (BYDDY) has launched its Seal electric sedan in Japan, marking the introduction of its third passenger car model in the country. Both variants of the Seal EV come equipped with lithium iron phosphate batteries with a capacity of 82.56 kWh. The rear-wheel drive version boasts a WLTC range of 640 kilometers, while the all-wheel drive version offers a range of 575 kilometers. These specifications highlight Seal's strong performance credentials, which are aimed ...

Boding well for the U.S. auto sector, the space's new vehicle sales jumped 8.8% last month versus April to 1.44 million. The figure also represented a 5% increase versus the same period a year earlier. And for the first five months of the year, sales climbed 3/5% compared with 2023. Meanwhile, the fact that inflation was flat last month, spurring a decline in interest rates, was very positive for the sector. Not only will easing inflation increase Americans' spending power when they buy vehicles, but lower ...

The U.S. Bureau of Labor Statistics released the consumer price index (CPI) report for the month of May on Thursday of last week. The figures were surprising. The "core" index, which excludes volatile food and energy prices, rose only 0.2% from April, while the year-over-year (YOY) measure climbed 3.4%, its lowest in more than 3 years, according to Bloomberg. Cooling inflation for new vehicles will ultimately help to create a better demand environment for new EVs, which will help lift the values of various ...

BYD (BYDDY) The EV upstart has shown solid progress in ramping up delivery volumes and moving toward profitability. Additionally, it unveiled next-generation versions of its R1S SUV and R1T truck models, likely to be a major growth catalyst ahead. Moreover, rumors swirling over a potential partnership with Apple (NASDAQ:AAPL) and the anticipated launch of its more affordable R2 models are stoking investor enthusiasm. Source: shutterstock.com/Trygve Finkelsen The firm's strategy revolves around blending acce ...

The outlook for Zacks Automotive – Foreignindustry is currently dim, as vehicle sales growth in major markets like China, Europe and Japan is expected to slow down due to weaker demand stemming from economic pressure. China's exports are likely to be impacted by US and EU tariffs on its electric vehicles. Despite a rate cut by the European Central Bank, vehicle sales growth in Europe is anticipated to moderate. However, the industry's valuation is favorable as it is trading at a discount compared to the S&P ...