オプションチェーンは、BYDの株式オプションの主要データを様々な行使価格と満期日で表示します。トレーダーはこの情報を使用して、潜在的な取引を分析し、BYDの市場センチメントを評価します。.

BYD (OTC:BYDDY) 株価情報, オプションチェーン

BYD COMPANY LTD ADR

Founded in 1995, BYD is a leading Chinese manufacturer in the design, development, and production of new energy vehicles, or NEVs. In March 2022, the firm discontinued production of internal combustion engine, or ICE, vehicles. Its products primarily target the growing midpriced mass-market segment in China's passenger vehicle market. The company sold about 3 million passenger NEVs in 2023, accounting for 33% of the Chinese passenger NEV market. Besides automobile production, the company is also engaged in handset components and assembly services, as well as the rechargeable battery and photovoltaics business. After more than 25 years of development, the company has established over 30 industrial parks worldwide.

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電気自動車メーカーのFisker Inc（OTCPK: FSRN）は、かつて市場で人気を博していたが、月曜日に破産を申請した。Fiskerの破産が、進展が見られているEV市場にとって、どのような影響があるのか？

フィスカー破産　EV関連事業の継続に暗雲

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Media

BYDDF

XPEV

国内で業績が鈍化しつつ、中国生まれの電気自動車メーカーが海外で波乱を巻き起こしている。 



出来事： 2024年第1四半期、中国の自動車ブランドは海外で前年度同期比40％の売り上げが伸び、輸出総数が47万台に達した。中国自動車乗用車協会（CPCA）のデータを引用したCnEVPostによれば、。



リードするのは中国の自動車メーカーのトップは、SAIC, Chery, グレートウォールモーター,

テスラの中国競合国内での売り上げ低下も世界市場を牽引｜「欧州で異なるアプローチを」

BYD Co Ltd

Chinese EV-making giant BYD Co Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) has now overtaken its American rival Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) twice in quarterly battery electric vehicle (BEV) sales in the past two years as competition intensified.
What Happened: BYD first <a href="https://www.benzinga.com/24/12/42680542/tesla-or-byd-which-ev-giant-will-sell-more-battery-electric-vehicles-in-q4">took over Tesla</a> as the world&#8217;s biggest BEV seller in the last quarter of 2023. Tesla took back the crown in the first quarter of 2024 and kept it for three consecutive quarters.
However, in the fourth quarter of 2024, <a href="https://www.benzinga.com/25/01/42780142/chinese-player-byd-overtakes-tesla-yet-again-as-worlds-biggest-ev-seller-in-q4">BYD took back the title</a> after selling 595,413 BEVs, significantly higher than the 495,570 delivered by Tesla in the period. 
For the entirety of 2024, BYD sold 1,764,992 BEVs, or just 24,234 units less than Tesla. 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="690" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/16234455/FAQAk-quarterly-bev-sales-tesla-vs-byd-1024x690.png" alt="" class="wp-image-738126" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/16234455/FAQAk-quarterly-bev-sales-tesla-vs-byd-1024x690.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/16234455/FAQAk-quarterly-bev-sales-tesla-vs-byd-300x202.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/16234455/FAQAk-quarterly-bev-sales-tesla-vs-byd-768x518.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/16234455/FAQAk-quarterly-bev-sales-tesla-vs-byd.png 1240w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
BYD also makes plug-in hybrids (PHEVs) in addition to BEVs, unlike Tesla which makes only BEVs, giving it another addressable market segment.
According to data research firm Rho Motion, 17.1 million EVs, including BEVs and PHEVs, will be sold in 2024.
In 2024, BYD sold 4.25 million passenger vehicles (both BEVs and PHEVs), accounting for roughly 25% of the world&#8217;s total EV sales in the period.
Tesla, in the period, sold 1.79 vehicles, or just 10.5% of overall global EV sales. 
Why It Matters: Tesla CEO Elon Musk dismissed BYD as a competitor in a Bloomberg <a href="https://www.bloomberg.com/news/videos/2023-12-27/in-2011-tesla-ceo-musk-mocked-chinese-competitor-byd-video">interview</a> in 2011.
&#8220;Have you seen their car?&#8221; Musk then laughed when the reporter asked about BYD rivaling his EV company. He added that he does not think the BYD product is &#8220;particularly attractive.&#8221;
The billionaire CEO, however, did a complete U-turn on this statement in January 2024. 
&#8220;Frankly, I think if there are not trade barriers established, they will pretty much demolish most other car companies in the world. So they&#8217;re extremely good." the CEO said about Chinese EV makers during the company&#8217;s earnings call after BYD trumped Tesla in quarterly deliveries for the first time. 
The rivalry between the two EV makers has only intensified since. In Q3 2024, BYD <a href="https://www.benzinga.com/news/24/10/41647639/teslas-chinese-rival-byd-outshines-elon-musks-ev-giant-in-quarterly-revenue-for-first-time-since-202">trumped Tesla in quarterly revenue</a> for the first time since 2022. BYD stopped making combustion engine vehicles in March 2022 to focus on electric vehicles.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/25/01/43024116/li-auto-says-l6-suv-deliveries-crossed-200000-units-in-less-than-9-months-of-launch">Tesla Rival Li Auto Says L6 SUV Deliveries Crossed 200,000 Units In Less Than 9 Months Of Launch</a></li>
</ul>
Photo courtesy: Shutterstock

Tech

In 2011, Elon Musk Mocked Tesla Rival BYD. Fast Forward To 2024, The Chinese Automaker Is The Only Real Contender To TSLA's Global Dominance

Grab Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRAB#NASDAQ">GRAB</a>) shares are trading marginally higher <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">in the premarket session on Wednesday.</a>
The firm has announced a <a target="_blank" href="https://www.grab.com/sg/press/others/grab-and-byd-enter-strategic-partnership-to-expand-electric-vehicle-fleet-offering-across-southeast-asia/" rel="noreferrer noopener">regional partnership</a> with BYD to expand access to up to 50,000 electric vehicles for Grab&#8217;s driver-partners across Southeast Asia, enhancing the availability of green vehicles for its users.
This collaboration aims to overcome the region&#8217;s key barrier to EV adoption: high upfront costs.
This partnership spans six Southeast Asian countries—Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam—and includes models like the DENZA D9, BYD ATTO3, BYD SEAL, and BYD M6.
The DENZA D9, a luxury electric vehicle, will be featured in GrabExec, setting a new standard for executive transportation with its advanced features and sustainability.
Last July, BYD announced a multi-year strategic partnership to add 100,000 new BYD electric vehicles to the&nbsp;Uber platform <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/40077563/uber-and-byd-team-up-for-electric-future-100k-evs-to-hit-the-road" rel="noreferrer noopener">in key global markets.</a> However, the deal with Uber focused on Europe and Latin America, with plans to expand to the Middle East, Canada, Australia, and New Zealand.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/01/42996752/us-stocks-to-open-higher-ahead-of-december-inflation-data-all-eyes-on-baking-earnings-by-jpm-goldman-citi-wells-fargo" rel="noreferrer noopener">US Stocks To Open Higher Ahead Of December Inflation Data: All Eyes On Banking Stocks As JPMorgan, Goldman, Citi, Wells Fargo Report Quarterly Earnings</a>
In the latest development with Grab, BYD plans to provide Grab&#8217;s fleet and driver-partners with access to affordable BYD vehicles, including extended warranties for the vehicles&#8217; batteries.
Drivers can choose to rent these EVs through Grab&#8217;s fleet partners or access financing options via Grab&#8217;s car ownership schemes. This partnership aligns with Grab&#8217;s sustainability goals, helping accelerate the transition to zero-emission transportation.
In countries like Singapore and Thailand, Grab users can select an &#8220;Eco-Friendly Ride&#8221; option at no extra charge, prioritizing green vehicles for their rides.
Liu Xueliang, General Manager of BYD Asia Pacific Auto Sales Division, said, &#8220;We are excited to partner with Grab as the leading on-demand transport provider in Southeast Asia and push forward the transition to electric vehicles in the region.&#8221;
Per a <a target="_blank" href="https://www.statista.com/outlook/mmo/electric-vehicles/southeast-asia" rel="noreferrer noopener">report</a> by Statista, the Electric Vehicles market in Southeast Asia is expected to reach $6.798 billion by 2025. From 2025 to 2029, the market is projected to grow at a rate of 4.02% annually. By 2029, the market volume is expected to hit $7.958 billion.
The partnership will also focus on deep technological integration to enhance Grab&#8217;s services. BYD vehicles will integrate with Grab&#8217;s platform through IoT, providing real-time data on driving patterns and behaviors. This data will help improve driver safety and overall experience, with features like larger screens displaying jobs, navigation, and chats directly in the vehicle&#8217;s head unit.
The integration of real-time data, such as weather and traffic conditions, will also help improve ride reliability and route optimization, ensuring better ETA accuracy and efficient navigation.
Price Action: GRAB shares are trading higher by 2.06% to $4.45 premarket at last check Wednesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/market-summary/25/01/42967576/meta-investors-push-mark-zuckerberg-to-replace-72b-cash-with-bitcoin-to-combat-inflation-heres-what-it-means-for-investors" target="_blank" rel="noreferrer noopener">Meta Investors Push Mark Zuckerberg To Replace $72B Cash With Bitcoin To Combat Inflation: Here&#8217;s What It Means For Investors</a></li>
</ul>
Photo via Shutterstock.

Equities

Movers

General

GRAB

Grab Teams Up With BYD To Boost EV Availability For Southeast Asia's Driver-Partners

Electric vehicle company BYD Co (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) is launching the first electric vehicle to come with a starting price under $30,000 in Australia, a move that could boost the country's <a href="https://www.benzinga.com/electric-vehicles">electric vehicle market.</a>
What Happened: Along with investing in blue-chip U.S. companies, Berkshire Hathaway Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) CEO Warren Buffett has recognized the investment opportunity<a href="https://www.benzinga.com/news/financing/24/12/42535041/warren-buffett-gains-exposure-to-digital-banks-in-africa-south-america-heres-how"> in emerging markets.</a>
One of Buffett's investments is owning a stake in Chinese company BYD, a global leader in electric vehicle. While Buffett has <a href="https://www.benzinga.com/markets/equities/24/06/39481191/warren-buffets-berkshire-drops-byd-stake-despite-ev-leader-seeing-record-sales">sold a portion</a> of the company's stake in BYD, Berkshire still owns around 4.9% of the company, representing around $1.8 billion in the Berkshire portfolio.
BYD could see a boost to its growth in 2025 thanks to the launch of a new version of its popular Dolphin EV in Australia.
A new stripped-down version of the Dolphin comes with a starting price of $29,900 in Australia, as <a href="https://electrek.co/2025/01/08/byd-just-launched-first-ev-priced-under-30000-australia/">reported </a>by Electrek, <a href="https://www.smh.com.au/politics/federal/chinese-giant-brings-first-ev-for-under-30-000-to-australia-20250108-p5l2vb.html">citing </a>The Sydney Morning Herald.
BYD has launched models like the Dolphin, Atto 3 and Seagull in Australia over the years and it now has the cheapest EV in the country, replacing the previous record of $30,990 by the MG4, which later raised its price to $38,000.
The lower-cost model does not include some normal Dolphin features like a sunroof, heated seats and a wireless phone charger. The new Dolphin model comes with the same battery range of 350 km (217 miles) as the other Dolphin models.
Deliveries of the new Dolphin model are set to begin in March.
You may not be a billionaire like Warren Buffett, but you can uncover hidden gems in the stock market using our proprietary data and pattern recognition — <a href="https://www.benzinga.com/25/01/42798998/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">check out five stocks flying under the radar that deserve your attention.</a>
Why It's Important: BYD is one of the largest electric vehicle companies in the world, selling 4.27 million new energy vehicles globally, which includes electric vehicles and plug-in hybrids, in 2024. This total was up 41% year-over-year.
In Australia, BYD ranked second for 2024 EV sales and had a 14.6% year-over-year gain in units sold. Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) ranked first in 2024 with a market share of 42% of EVs in Australia, but saw its year-over-year sales decline 16.8%, as <a href="https://www.drive.com.au/news/australias-best-selling-electric-cars-2024/">reported </a>by Drive.
Other EV companies like BYD saw their sales gain 28.8% year-over-year while Tesla fell, helping to set a record in Australia for a sixth straight year. The country had 91,292 EVs sold across cars, SUVs and light commercial vehicles, up 4.7% year-over-year and representing 7.4% of all new vehicles sold in the year.
EV sales faced pressure in Australia in the second half of 2024 with an overall drop of 6.9% year-over-year, with Tesla sales falling 25.8% year-over-year and other EV models gaining 9.6% year-over-year.
Tesla had the top two selling vehicles in Australia in 2024 with the Model Y and model 3 ranking first and second respectively.
BYD had three of the top 10 selling EVs in the country with the Seal, Atto 3 and Dolphin ranking fourth, fifth and eighth respectively.
A new lower-priced Dolphin could continue to cut into Tesla's market share. The EV company has watched its market share in Australia fall from 59% in 2022 to 53% in 2023 to 42% in 2024.
The Shark, which is BYD's first pickup truck, has over 5,500 preorders placed according to the report and deliveries begin soon. BYD will also launch the new Sealion 07, which is called a Model Y competitor. The Sealion 07 starts at under $60,000, falling in similar range of the Model Y, which starts at $55,900.
Read Next: 
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<li><a href="https://www.benzinga.com/general/education/25/01/42832123/warren-buffett-beats-sp-500-in-2024-how-oracle-of-omahas-returns-compare-over-past-20-years">Warren Buffett Beats S&amp;P 500 In 2024, How Oracle Of Omaha&#8217;s Returns Compare Over Past 20 Years</a></li>
</ul>
BYD photo

Management

Warren Buffett-Backed BYD Launches Australia's First EV Under $30K: How The Move Could Strengthen Fight Against Elon Musk's Tesla

Chinese EV maker BYD Co Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) reportedly brought hundreds of Chinese workers with irregular visas to work at its upcoming factory in Brazil.
What Happened: In late December, Brazilian authorities halted the construction of the plant that BYD is building in Salvador, Bahia<a href="https://www.benzinga.com/government/regulations/24/12/42667814/brazil-authorities-halt-work-at-byd-factory-site-after-workers-found-in-slavery-like-conditions"> after finding 163 workers living and working in conditions it termed analogous to "slavery."</a> Brazil&#8217;s Labor Prosecutor's Office (MPT) then also said that the conditions at the factory &nbsp;constituted "forced labor." 
The 163 workers are now either leaving or have already left the country, Liane Durao, a labor inspector who heads the probe initiated by labor authorities in Bahia, told Reuters. Durao also said that BYD would be fined for each worker rescued, without detailing the amount.
The company has now pledged to comply with local labor laws for its remaining hundreds of workers in Brazil, Reuters reported, while noting that about 500 Chinese workers were brought to work at the factory.
The Brazilian government has now suspended temporary visa issuance to BYD, the report said.
Why It Matters: BYD previously said that it has cut ties with its contractor&nbsp;Jinjiang Group after Brazilian authorities flagged the issue. Jinjiang, meanwhile, said in December that the Brazilian authority's portrayal of its employees working at the Chinese EV giant's factory in Brazil as "enslaved" is "<a href="https://www.benzinga.com/government/regulations/24/12/42680844/byd-contractor-denies-allegations-of-slavery-like-working-conditions-at-factory-site-in-brazil">completely inconsistent with facts.</a>"
BYD which sells its EVs in Brazil, was planning to start production at the factory in Brazil in 2025. It is unclear if the investigation into working conditions at the factory will delay its opening. 
The EV maker did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga&#8217;s</a> request for comment.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/25/01/42840097/nhtsa-opens-probe-into-26-million-tesla-vehicles-after-complaint-of-crash-involving-actually-smart-summon-feature" target="_blank" rel="noreferrer noopener">NHTSA Opens Probe Into 2.6 Million Tesla Vehicles After Complaint Of Crashes Linked To Actually Smart Summon Feature</a></li>
</ul>
Photo courtesy: Shutterstock

BYD Reportedly Brought Chinese Workers With Irregular Visas To Work At Factory, Says Brazilian Labor Inspector

Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) maintains an upward stock trajectory this week after a power-packed start with the <a target="_blank" href="https://www.benzinga.com/tech/25/01/42838231/jensen-huang-unveils-3000-personal-ai-supercomputer-the-size-of-a-small-book-it-runs-the-entire-nvidia-ai-stack" rel="noreferrer noopener">Consumer Electronics Show (CES)</a>, Microsoft Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)&nbsp;eying&nbsp;an $80 billion investment in&nbsp;developing AI data centers for 2025, and Foxconn's <a target="_blank" href="https://www.benzinga.com/25/01/42813592/ai-chip-stocks-nvidia-broadcom-amd-taiwan-semi-micron-super-micro-surge-on-monday-whats-going-on" rel="noreferrer noopener">robust quarterly results</a>.
Chief&nbsp;Jensen Huang&nbsp;<a target="_blank" href="https://www.benzinga.com//node/42838231" rel="noreferrer noopener">announced the company's</a> $3,000 desktop-sized personal AI supercomputer, Project DIGITS, powered by the GB10 Grace Blackwell&nbsp;super chip, during his CES 2025 keynote.
Huang also presented&nbsp;the new&nbsp;RTX 5000 GPU&nbsp;series, laptops featuring the RTX 50-series, and the&nbsp;Grace Blackwell NVLink 72&nbsp;system.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/01/42826372/intel-struggles-to-compete-with-amd-and-nvidia-in-data-centers-and-ai-chips" rel="noreferrer noopener">AMD and Nvidia Overtake Intel in Key Markets, Challenging Its Leadership</a>
Nvidia <a target="_blank" href="https://www.cnbc.com/2025/01/06/nvidia-releases-blackwell-gaming-chips-for-pcs-called-rtx-50-series-.html" rel="noreferrer noopener">told</a> CNBC that the high-end RTX 5090 chips will be able to run AI models and do computer graphics, including helping game makers integrate generative AI into their characters in games like PUBG: Battlegrounds.
The new processors will also be able to run large language models and image generation models from companies including&nbsp;Meta, Mistral, and Stability AI.
He also announced that&nbsp;Toyota&nbsp;Motor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) will use Nvidia&nbsp;Drive AGX Orin to enhance its <a target="_blank" href="https://www.benzinga.com/25/01/42836673/toyotas-next-gen-vehicles-to-use-nvidia-supercomputer-operating-system" rel="noreferrer noopener">automated driving capabilities</a>.
Nvidia forged a deal to provide driver-assistance chips and software for Toyota&nbsp;vehicles.
Nvidia expects its automotive vertical business to grow to ~$5 billion in fiscal 2026 from ~$4 billion in fiscal 2025.
Some of Nvidia&nbsp;Drive AGX clients include BYD Co (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>), Li Auto Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), Lucid Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>), Rivian Automotive, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), Xiaomi Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACF#OTC">XIACF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACY#OTC">XIACY</a>), ZEEKR Intelligent Technology Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZK#NYSE">ZK</a>).
At the event, Nvidia also flagged its alliance with&nbsp;Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)&nbsp;on innovating open-source Llama models, which Daniel Newman of&nbsp;The Futurum Group <a target="_blank" href="https://www.benzinga.com/news/global/25/01/42836461/nvidias-ces-2025-vision-sparks-mixed-reactions-ross-gerber-hails-incredible-things-to-come-while-analysts-debate-ai-and-autonomous-driving-ambitions" rel="noreferrer noopener">expects to outperform</a> OpenAI potentially.
Huang showcased physical AI tools to train robots, leveraging simulated environments that closely mimic the real world. These tools enabled higher automation in warehouses and factories and boosted a humanoid-robot market that the company said could be worth $38 billion in decades, the Wall Street Journal <a target="_blank" href="https://www.wsj.com/tech/ai/nvidia-ceo-pitches-robotics-cars-as-growth-areas-to-consumer-electronics-audience-68905f2d?mod=tech_lead_pos1" rel="noreferrer noopener">reports</a>.
Huang told the WSJ that the ChatGPT moment for general robotics is just around the corner.
Nvidia product director Justin Walker <a target="_blank" href="https://www.cnbc.com/2025/01/06/nvidia-releases-blackwell-gaming-chips-for-pcs-called-rtx-50-series-.html" rel="noreferrer noopener">told</a> CNBC that despite being an AI company and a gaming company, the gaming side still benefits tremendously from being an AI company.
Nvidia also announced its <a target="_blank" href="https://www.benzinga.com/government/regulations/25/01/42822625/big-techs-date-with-antitrust-alphabet-meta-amazon-brace-for-legal-showdowns-in-2025" rel="noreferrer noopener">Cosmos foundation models</a>, which generate photorealistic video to train robots and self-driving cars at a more affordable cost.
Cosmos will be available on an "open license," similar to Meta's&nbsp;Llama 3 language models. Huang expects Cosmos to do the same for robotics and industrial AI as Llama 3 has done for enterprise AI, Reuters reports.
Bank of America's Vivek Arya told Reuters that he will await possible upside from Nvidia's robotics by drawing [parallels with the metaverse and autonomous cars.
Price Action: NVDA stock is up 2.20% at $152.87 premarket at the last check Tuesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/media/24/12/42721414/nvidia-targets-robotics-as-next-big-opportunity-amid-rising-ai-rivalry" target="_blank" rel="noreferrer noopener">Nvidia Targets Robotics as Next Big Opportunity Amid Rising AI Rivalry</a></li>
</ul>
Image via Shutterstock

MSFT

NVDA

XIACF

XIACY

Nvidia Highlights AI Chips Powering PUBG, Robotics 'ChatGPT Moment,' Automotive Expansion And More At CES Event

Panasonic Energy, a key supplier for Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), is aiming to cut its reliance on China for electric vehicle battery supplies in the U.S. Allan Swan, President of Panasonic Energy of North America, emphasized that this transition is the company&#8217;s &#8220;No.1 objective.&#8221;
What Happened: The strategic move comes in response to incoming President Donald Trump&#8217;s promise to increase tariffs on Chinese imports, prompting global companies to reevaluate their manufacturing strategies. Swan stated that the primary task is to avoid a supply chain heavily reliant on China, Reuters reported on Tuesday.
Panasonic Energy, a division of the Japanese electronics conglomerate Panasonic Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/PCRFF#OTC">PCRFF</a>), supplies batteries not only to Tesla but also to other automakers. The company currently operates a battery plant in Nevada and has plans to inaugurate another U.S. facility in Kansas within the year. This initiative aligns with the broader industry trend of diversifying supply chains amid geopolitical tensions.
See Also: <a href="https://www.benzinga.com/news/25/01/42808507/chinese-exchanges-reportedly-urge-fund-managers-to-limit-stock-sales-as-market-braces-for-trumps-return">Chinese Exchanges Reportedly Urge Fund Managers To Limit Stock Sales As Market Braces For Trump&#8217;s Return</a>
Why It Matters: The decision by Panasonic Energy to reduce its dependency on China for battery supplies is significant in the context of the ongoing <a href="https://www.benzinga.com/25/01/42761825/ev-price-war-heats-up-as-chinese-automakers-extend-subsidies">EV price war</a> and the competitive landscape in the electric vehicle market. Chinese automakers, including Nio Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) and Li Auto Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), have been extending financial incentives to attract buyers, intensifying competition. This move is part of a broader strategy by companies to mitigate risks associated with geopolitical tensions and trade policies.
Moreover, the shift comes at a time when BYD Co Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) has overtaken Tesla as the <a href="https://www.benzinga.com/25/01/42780142/chinese-player-byd-overtakes-tesla-yet-again-as-worlds-biggest-ev-seller-in-q4">world&#8217;s largest battery</a> electric vehicle seller in the fourth quarter of 2024. Despite this, Tesla continues to maintain its position as the top-selling pure EV brand for the year.
Additionally, Tesla has achieved record sales in China with approximately <a href="https://www.benzinga.com/25/01/42782683/tesla-hits-record-ev-sales-in-china-despite-global-dip">83,000 units sold</a> in December alone. This underscores the importance of the Chinese market for Tesla, even as Panasonic seeks to diversify its supply chain away from China.
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Image via Shutterstock

PCRFF

Tesla-Supplier Panasonic Energy Targets Reduced Reliance On China For US Battery Supplies, Says It Is 'No.1 Objective'

Chinese EV giant BYD Co Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) overtook Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) yet again as the world&#8217;s biggest battery electric vehicle (BEV) seller in the fourth quarter of 2024. 
What Happened: Tesla reported on Thursday that it delivered <a href="https://www.benzinga.com/trading-ideas/movers/25/01/42766117/tesla-stock-tumbles-on-q4-deliveries-whats-going-on">495,570 BEVs in the three months</a> through the end of December, significantly lower than the 595,413 BEVs <a href="https://www.benzinga.com/25/01/42758760/tesla-rival-byd-marks-50-growth-in-december-passenger-vehicle-sales-likely-to-trump-tesla-in-q4-bev-sales-yet-again">sold by BYD</a> in the period.
Though BYD managed to trump Tesla in the fourth quarter, the American EV giant delivered 1,789,226 BEVs through 2024, retaining its position as the bestselling pure EV brand for the year. BYD, meanwhile, managed to deliver only 1,764,992 BEVs in the twelve months, or 24,234 units less than Tesla. 
Why It Matters: BYD first took over Tesla as the world&#8217;s largest BEV seller in the last quarter of 2023. Tesla took back the title in the first quarter of 2024 and <a href="https://www.benzinga.com/24/12/42680542/tesla-or-byd-which-ev-giant-will-sell-more-battery-electric-vehicles-in-q4">retained it for three consecutive quarters</a>. 
2024 marks the first year that Tesla&#8217;s annual deliveries have fallen (1.1%) as compared to the previous year. In 2023, Tesla delivered 1,808,581 vehicles around the globe. To mark a growth over last year, the company had to deliver at least 514,926 vehicles in the three months through the end of December.&nbsp;However, the company could not even breach the 500,000 target. 
BYD&#8217;s 2024 BEV sales, meanwhile, marked a growth of 12% year-on-year, according to a previous report.
Check out more of Benzinga's Future Of Mobility coverage by <a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Photo via Shutterstock
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</ul>

Tesla Overtaken by BYD Again: Chinese Player Becomes World's Biggest EV Seller In Q4

Chinese electric vehicle makers, including Nio Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) and Li Auto Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) are intensifying competition by reportedly extending financial incentives to 2025.
The automakers are following the lead of industry giants Tesla Inc and BYD Company in offering substantial discounts and attractive financing options to lure buyers in the world&#8217;s largest automobile market, according to a report from Reuters.
Last week, Li Auto said it would provide cash subsidies of 15,000 yuan (about $2,055) per vehicle, coupled with a three-year zero-interest financing scheme, per the report.
Similarly, Nio introduced a comparable zero-interest loan program for its<a target="_blank" href="https://www.benzinga.com/tech/24/12/42681165/nios-onvo-brand-helps-spur-delivery-growth-with-cheaper-offering" rel="noreferrer noopener"> Nio- and Onvo-branded EVs</a>.
Li and Nio clocked a 16.2% and 72.9% year-on-year jump <a target="_blank" href="https://www.benzinga.com/25/01/42758540/us-listed-chinese-ev-startups-clock-delivery-growth-in-december-li-auto-tops-the-chart-mona-m03-spurs-xpeng-nios-onvo-breaches-10000-monthly-delivery-milestone" rel="noreferrer noopener">in sales, respectively, in December</a>.
The report further notes that BYD, a prominent player in the local market, has been providing discounts of up to 11.5% on its hybrid and electric models since December.
The Chinese EV maker marked about a <a target="_blank" href="https://www.benzinga.com/25/01/42758760/tesla-rival-byd-marks-50-growth-in-december-passenger-vehicle-sales-likely-to-trump-tesla-in-q4-bev-sales-yet-again" rel="noreferrer noopener">50% year-on-year jump in the sales</a> of new energy passenger vehicles in December.
The report further notes that Tesla has extended a <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/41068397/tesla-cranks-up-the-heat-in-china-extends-5-year-0-interest-loan-offer-to-oct-31" rel="noreferrer noopener">10,000 yuan discount</a> on Model Y loans until the month&#8217;s end.
These moves come amid a protracted price war for years and show no signs of abating.
Last year, China expanded its stimulus program to subsidize purchases of <a target="_blank" href="https://www.benzinga.com/government/24/07/39968313/nio-xpeng-li-auto-benefit-from-chinas-increased-vehicle-subsidies" rel="noreferrer noopener">passenger vehicles and consumer electronics</a>.
Car industry margins in China averaged 4.4% from January through November, <a target="_blank" href="https://www.benzinga.com/markets/emerging-markets/24/12/42700628/chinas-ev-price-wars-hit-auto-profits-smaller-players-struggle-as-margins-shrink" rel="noreferrer noopener">down from 5.0% in 2023</a>.
China is expected to sell over 12 million EVs in 2025, doubling 2022 figures, while traditional car sales may drop below 11 million.
To further stimulate the economy, Chinese authorities reportedly plan to issue 3 trillion yuan in <a href="https://www.benzinga.com/24/12/42671739/chinese-stocks-surge-on-stimulus-plans-to-counter-us-tariff-risks" target="_blank" rel="noreferrer noopener">special treasury bonds in 2024</a>. Some of these funds are expected to bolster subsidy programs aimed at encouraging consumer spending on vehicles and other goods.
Image via Shutterstock.

EV Price War Heats Up As Chinese Automakers Extend Subsidies: Details

Chinese EV giant&nbsp;BYD Co Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) said on Wednesday that the company sold 509,440 new energy passenger vehicles in December, marking a jump of nearly 50% from last year, thanks to a major jump in plug-in hybrid passenger vehicle sales.
Sales Numbers For December:&nbsp;Battery electric passenger vehicle sales of the Chinese player rose to 207,734 in December, marking a rise of about 9% from the corresponding month of last year.
Plug-in hybrid passenger vehicle sales in the period rose about 102% to 301,706 units.
The company also sold 5,369 commercial vehicles in December, including 1,375 buses.
Production Numbers: BYD produced 460,719 passenger vehicles in December, including 189,759 battery-electric vehicles and 270,960 plug-in hybrids.
BYD stopped making combustion engine vehicles in March 2022 to focus on electric vehicles. The company makes both battery electric vehicles and plug-in hybrids, collectively referred to as new energy vehicles. 
Why It Matters: BYD overtook its American rival Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) in the fourth quarter of 2023 as the world's biggest seller of battery-electric vehicles, selling 526,409 battery-electric vehicles. Tesla, however, took back the title in the first quarter of this year and has been holding on to it since.
BYD delivered 595,413 battery electric vehicles in the last quarter of 2024, <a href="https://www.benzinga.com/24/12/42680542/tesla-or-byd-which-ev-giant-will-sell-more-battery-electric-vehicles-in-q4">likely beating Tesla</a>. According to Tesla researcher Troy Teslike, the company is expected to report just 501,000 vehicle deliveries in the quarter.
Tesla is expected to officially report its fourth quarter deliveries<a href="https://www.benzinga.com/trading-ideas/previews/24/12/42745852/tesla-q4-delivery-preview-will-2024-stock-gains-hold-as-growth-slows"> after the market opens on Jan. 2.</a> 
For the full year 2023, Tesla delivered 1,808,581 vehicles around the globe. To mark a growth over last year, the company has to deliver at least 514,926 vehicles in the three months through the end of December. Tesla has not delivered over 500,000 vehicles in a quarter to date, making this an ambitious target.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
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</ul>
Photo courtesy: Shutterstock

Tesla Rival BYD Marks 50% Growth In December Passenger Vehicle Sales, Likely To Trump Tesla In Q4 BEV Sales Yet Again

Acute competition posed a bummer for <a target="_blank" href="https://www.benzinga.com/topic/chinese-ev-makers" rel="noreferrer noopener">China&#8217;s automotive industry</a> profit margins in 2024, taking a toll on weaker electric vehicle makers like Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) and Geely Automobile Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GELYF#OTC">GELYF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GELYY#OTC">GELYY</a>)-backed Jiyue and&nbsp;Human Horizons Group Inc.
Car industry margins in China averaged 4.4% from January through November, down from 5.0% in 2023, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-12-27/chinese-carmakers-profits-squeezed-further-as-rivalry-ramps-up?srnd=phx-industries&amp;sref=TBDibEcD" rel="noreferrer noopener">cited</a> data from China&#8217;s Passenger Car Association on Friday.
The margins still trailed the average profit margin of 6.1% of downstream industrial enterprises, Bloomberg cites PCA.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/regulations/24/12/42686698/meta-settles-israeli-job-ad-discrimination-case-for-1-million-report" rel="noreferrer noopener">Meta Settles Israeli Job Ad Discrimination Case For $1 Million: Report</a>
The EV industry revenue for the first 11 months of 2024 rose by 3% to 9.5 trillion yuan ($1.3 trillion), Bloomberg cites PCA. Profits declined by 7.3% to 413.2 billion yuan.
Bloomberg cites&nbsp;Cui Dongshu, the PCA secretary general, as saying that the industry must slash costs and boost efficiency due to the dwindling margins.
China&#8217;s car market, especially its EV sector, has experienced intense rivalry for at least the last two years, prompting a price war.
BYD Co&#8217;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) consolidation wiped out the smaller players.
Reportedly, China is on <a target="_blank" href="https://www.benzinga.com/24/12/42690974/whats-going-on-with-chinese-ev-stocks-nio-li-auto-xpeng-thursday" rel="noreferrer noopener">track to lead</a> global EV adoption by 2025, with electric vehicle sales projected to surpass traditional cars for the first time. The country will likely sell over 12 million EVs in 2025, doubling 2022 figures, while traditional car sales may drop below 11 million.
China&#8217;s EV industry progress stems from advancements in domestic technology, securing a global supply chain for lithium and cobalt, and leveraging its large-scale manufacturing to make EVs more affordable for consumers.
<a target="_blank" href="https://www.benzinga.com/24/12/42671739/chinese-stocks-surge-on-stimulus-plans-to-counter-us-tariff-risks" rel="noreferrer noopener">Also this week</a>, reports indicated China eying&nbsp;3 trillion yuan ($411 billion) in special treasury bonds in 2025 to drive consumption through subsidies, equipment upgrades, funding investments in electric vehicle sectors, and more.
Price Actions: At the last check on Friday, NIO is down 0.43% at $4.68. LI is up 1.70%, XPEV is down 3.70%, and ZK is up 0.46%.
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</ul>

Emerging Markets

BIDU

GELYF

GELYY

China's EV Price Wars Hit Auto Profits, Smaller Players Struggle as Margins Shrink

Chinese EV giant BYD Co Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) is reportedly offering discounts of up to 11.5% on its Song Pro DM-i and Qin Plus EV vehicle models.
What Happened: The Song Pro DM-i and the Qin Plus EV now have a starting price of 99,800 yuan, marking a discount of 11.5% and 9.1% from their price before the discount, Reuters reported. The discount is valid until Jan. 26.
BYD is China&#8217;s biggest EV seller and a major rival to American EV giant Tesla Inc. However, unlike Tesla, BYD makes both plug-in hybrid and battery electric vehicles, together referred to as new energy vehicles. 
Why It Matters: In the last quarter of 2023, <a href="https://www.benzinga.com/24/12/42680542/tesla-or-byd-which-ev-giant-will-sell-more-battery-electric-vehicles-in-q4">BYD sold 526,409 battery electric vehicles</a>, effectively replacing Tesla as the world's biggest seller of BEVs. Tesla in that quarter delivered just 484,507 units.
Tesla regained its position as the world's top seller of BEVs in the first quarter after selling 386,810 BEVs, 86,696 units more than BYD. Tesla kept up its lead in both Q2 and Q3. 
While it is unclear who will take the lead in the fourth quarter, both are trying to entice buyers with offers. Tesla is currently offering a discount of 10,000 yuan on the purchase of inventory <a href="https://www.benzinga.com/news/global/24/12/42681583/chinas-ev-industry-likely-to-outpace-us-and-allies-but-elon-musks-tesla-could-still-make-gains">Model Y vehicles in China</a>, its second-biggest market outside the U.S.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
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Photo courtesy: Shutterstock

BYD Offers Discounts Of Up To 11.5% On Select EVs As Year End Nears

Electric vehicle sales are expected to outperform combustion engine vehicle sales in China in 2025, outrunning the pace of EV adoption in the U.S. and Europe.
What Happened: Beijing had set a target in 2020 for EVs to account for 50% of car sales by 2035. However, as <a href="https://www.ft.com/content/0ebdd69f-68ea-40f2-981b-c583fb1478ef">per</a> Financial Times, the target would be reached next year, ten years ahead of schedule.
As per the report, EV sales in China, including battery electric vehicles and plug-in hybrids (together referred to as new energy vehicles or NEVs), will rise by 20% year-on-year to over 12 million cars next year.
Combustion engine vehicle sales, meanwhile, will fall by over 10% to less than 11 million, the report said, citing estimates by investment banks UBS and HSBC and research groups Morningstar and Wood Mackenzie.
This marks a stark contrast to the situation in Europe and the U.S. where EV demand is slowing down. 
Why It Matters: China is the world&#8217;s biggest car market and also Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) <a href="https://www.benzinga.com/24/12/42308566/tesla-researcher-sees-drop-in-sales-in-europe-us-bring-down-global-deliveries-in-2024-despite-rise-in-china">second biggest market after the U.S. </a>Major EV players in China will likely benefit from the rise in demand next year including BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>), Geely Automobile Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GELYY#OTC">GELYY</a>), Tesla, Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), and others.
BYD, for instance, held 34.5% of China&#8217;s new energy market in the January-November period. Geely seconded BYD with an 8% market share and Tesla held the third position with a 6% market share.
According to data from the China Passenger Car Association, BYD sold 417,232 new energy passenger vehicles in China in November on retail. Tesla and Geely sold 73,490 and 120,896 new energy vehicles, respectively, in the period. 
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
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Photo courtesy: Tesla

Global

China's EV Industry Likely To Outpace US And Allies, But Elon Musk's Tesla Could Still Make Gains

BYD Co Ltd&#8216;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) contractor Jinjiang Group on Thursday said that the Brazilian authority&#8217;s portrayal of its employees working at the Chinese EV giant&#8217;s factory in Brazil as &#8220;enslaved&#8221; is &#8220;completely inconsistent with facts.&#8221;
What Happened: Jinjiang said that their workers were unjustly labeled as enslaved, making them feel insulted.
"Being unjustly labeled as ‘enslaved' has made our employees feel that their dignity has been insulted and their human rights violated, seriously hurting the dignity of the Chinese people. We have signed a joint letter to express our true feelings," Jinjiang said on Weibo, as translated by Reuters news agency.
Lin Yunfei, general manager of branding and public relations at BYD, also reposted the statement. Yunfei also alleged that the allegations are an attempt by &#8220;foreign forces&#8221; to smear Chinese brands and the country.
"In the matter of smearing Chinese brands, smearing China, and attempting to undermine the friendship between China and Brazil, we have seen how relevant foreign forces maliciously associate and deliberately smear," Yunfei said in a post on Weibo.
BYD did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga&#8217;s</a> request for comment.
Why It Matters: Brazilian authorities said on Monday that they have <a href="https://www.benzinga.com/government/regulations/24/12/42667814/brazil-authorities-halt-work-at-byd-factory-site-after-workers-found-in-slavery-like-conditions">halted the construction of the plant that BYD&nbsp;is building in Salvador</a>, Bahia after finding workers living and working in conditions analogous to "slavery."
Authorities ordered that the construction of the factory in Bahia be stopped after rescuing 163 people working at the site, according to a statement by the Labor Prosecutor's Office (MPT).
The authorities shut down the workers' lodgings and communicated the same to both BYD and construction firm Jinjiang Construction Brazil Ltd, one of the contractors hired by the company to carry out the construction, it added.
The MPT also noted that the conditions constituted "forced labor." If a worker were to terminate their employment contract after six months, they would leave the country without any pay for their work since the company deducted their airfare to and from Brazil, in addition to other costs, the statement said.
BYD was planning to start production at the factory in Brazil in 2025. 
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
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</ul>
Photo courtesy: Shutterstock

Regulations

BYD Contractor Denies Allegations Of 'Slavery-Like' Working Conditions At Factory Site In Brazil

Chinese EV giant BYD Co Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) overtook its American rival Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) in the fourth quarter of 2023 as the world&#8217;s biggest battery electric vehicle seller. Tesla, however, took back the title in the first quarter of this year and has been holding on to it since.
What Happened: In the last quarter of 2023, BYD sold 526,409 battery electric vehicles, effectively replacing Tesla as the world&#8217;s biggest seller of BEVs. Tesla in that quarter delivered just 484,507 units. 
Tesla regained its position as the world&#8217;s top seller of BEVs in the first quarter after selling 386,810 BEVs, 86,696 units more than BYD. Unlike Tesla which sells only battery electric vehicles, BYD also makes plug-in hybrids. 
Quarterly BEV Sales: Tesla Vs. BYD
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Period</td>
<td>Tesla </td>
<td>BYD</td>
</tr>
<tr>
<td>Q4 2023</td>
<td>484,507</td>
<td>526,409</td>
</tr>
<tr>
<td>Q1 2024</td>
<td>386,810</td>
<td>300,114</td>
</tr>
<tr>
<td>Q2 2024</td>
<td>443,956</td>
<td>426,039</td>
</tr>
<tr>
<td>Q3 2024</td>
<td>462,890</td>
<td>443,426</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: Company Disclosures</figcaption></figure>
In Q2 and Q3 this year, Tesla kept its lead ahead of BYD in global BEV deliveries despite hardships. 
In <a href="https://www.benzinga.com/24/12/42259569/chinese-ev-behemoth-and-tesla-rival-byd-marks-68-growth-in-november-sales-on-rising-popularity-of-plug-in-hybrid-evs">October and November</a>, BYD cumulatively sold 387,679 battery-electric vehicles. The company now needs to sell around 112,400 BEVs in December to cross 500,000 BEV sales in a quarter yet again. 
As for Tesla, it is unclear how many vehicles the company has sold thus far this quarter given it only releases sales data at the end of every three months.
For the full year 2023, Tesla delivered 1,808,581 vehicles around the globe. To mark a growth over last year, the company has to deliver at least 514,926 vehicles in the three months through the end of December. Tesla has not delivered over 500,000 vehicles in a quarter to date, making this an ambitious target. 
Furthermore, according to data from the European Automobile Manufacturers' Association (ACEA), the company is faced with <a href="https://www.benzinga.com/24/12/42571913/tesla-registrations-drop-by-nearly-41-in-november-in-eu-dragging-down-optimism-for-over-500000-ev-deliveries-in-q4">demand challenges in the European Union</a> which might weigh heavily upon the company&#8217;s annual delivery target. 
Financials: 
For the third quarter between July and September, BYD's operating revenue rose 24% to&nbsp;<a href="https://www.benzinga.com/news/24/10/41647639/teslas-chinese-rival-byd-outshines-elon-musks-ev-giant-in-quarterly-revenue-for-first-time-since-202" target="_blank" rel="noreferrer noopener">201.12 billion yuan ($27.55 billion)</a>, the company said in a filing.
Tesla, meanwhile,&nbsp;<a href="https://www.benzinga.com/news/earnings/24/10/41501607/tesla-q3-earnings-highlights-eps-beat-revenue-miss-shares-climb-on-2025-timeline-for-lower-cost-evs" target="_blank" rel="noreferrer noopener">reported a total revenue</a>&nbsp;of only $25.18 billion in the same quarter, making it the first time since 2022 that BYD has trumped&nbsp;Elon Musk&#8217;s&nbsp;EV giant in quarterly revenue. BYD stopped making combustion engine vehicles in March 2022 to focus on electric vehicles.
Despite reporting higher revenue than Tesla in the third quarter, BYD&#8217;s net profit continued to trail behind<a href="https://www.benzinga.com/news/earnings/24/10/41501607/tesla-q3-earnings-highlights-eps-beat-revenue-miss-shares-climb-on-2025-timeline-for-lower-cost-evs" target="_blank" rel="noreferrer noopener">&nbsp;Tesla&#8217;s net income of $2.167 billion</a>. The company reported a diluted earnings per share of 4 yuan (55 cents) for the quarter, lower than Tesla&#8217;s adjusted earnings per share of 72 cents.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
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</ul>
Photo: Tesla, courtesy Tesla Inc; BYD via Shutterstock

Tesla Or BYD: Which EV Giant Will Sell More Battery Electric Vehicles In Q4?

Amid the global shift towards electric vehicles,&nbsp;Andy Palmer, often referred to as the &#8220;godfather of EVs,&#8221; has issued a cautionary note to automakers. He warns against prioritizing hybrid vehicles over fully electric models, a strategy he believes could leave them lagging behind Chinese competitors.
What Happened: Palmer, a former&nbsp;Aston Martin&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/AMGDF#OTC">AMGDF</a>) CEO and&nbsp;Nissan&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>) executive, highlighted the rapid advancements made by Chinese automakers like&nbsp;BYD (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>)&nbsp;in the electric vehicle market. These companies have gained significant ground domestically by offering cost-effective and technologically advanced vehicles. 
&#8220;The Chinese cars are bloody good. The Chinese vehicles offer remarkable value for money for what they deliver,&#8221; Palmer said<a href="https://www.businessinsider.com/godfather-of-evs-explains-why-china-is-winning-ev-race-2024-12"> to</a> Business Insider.
Palmer pointed out that Chinese brands excel in battery technology and software, providing exceptional value.
Palmer attributed China&#8217;s success in the EV sector to its strategic industrial policies, which have seen the government invest over $230 billion in subsidies since 2009. During his time at&nbsp;Dongfeng Motor Company, a joint venture with Nissan, he witnessed China&#8217;s aggressive EV strategy firsthand.
See Also:&nbsp;<a href="https://www.benzinga.com/24/12/42642606/elon-musk-wants-to-raise-a-tesla-fleet-expert-estimates-vehicle-owners-can-make-40kyear-but-remains-doubtful?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Analyst Estimates Vehicle Owners Can Make $40,000 A Year By Renting EVs To Robotaxi Fleet That Elon&nbsp;Musk Likened To A Combination Of Airbnb And Uber, But Will It Take Off?</a>
In response to China&#8217;s rise, the U.S. and Europe have implemented tariffs to protect their industries. However, Palmer argued that such tariffs could stifle Western competitiveness.
&#8220;My experience with tariffs is it just makes your indigenous industry lazy. The gap becomes even bigger,&#8221; he said.
He urged automakers to prepare for fierce competition with Chinese firms, especially in Europe, where companies like BYD and Xpeng are expanding.
Why It Matters: The global electric vehicle landscape is rapidly evolving, with China leading the charge. According to a&nbsp;<a href="https://www.benzinga.com/markets/asia/24/09/40886450/50-of-new-car-sales-in-china-are-electric-but-in-the-us-its-only-10-are-protectionist-policies-widen">repo</a>r<a href="https://www.benzinga.com/markets/asia/24/09/40886450/50-of-new-car-sales-in-china-are-electric-but-in-the-us-its-only-10-are-protectionist-policies-widen">t</a>&nbsp;from September, <a href="https://www.benzinga.com/markets/asia/24/09/40886450/50-of-new-car-sales-in-china-are-electric-but-in-the-us-its-only-10-are-protectionist-policies-widen">50% of new car sales</a> in China are electric, compared to just 10% in the U.S. This disparity highlights the impact of protectionist policies, such as the Biden administration&#8217;s recent tariffs on Chinese goods, including a 100% tax on electric vehicles.
In November, China escalated its trade dispute with the European Union by<a href="https://www.benzinga.com/news/24/11/41754367/china-escalates-trade-dispute-lodges-complaint-with-wto-over-european-ev-tariffs"> lodging a formal complaint</a> with the World Trade Organization over the EU&#8217;s tariffs on Chinese-made EVs. The EU&#8217;s decision to impose tariffs of up to 35% on Chinese EVs was seen as a response to perceived unfair business practices.
Meanwhile, BYD expects it would surpass Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) in <a href="https://www.benzinga.com/markets/equities/24/07/39617169/byd-set-to-surpass-tesla-in-bev-sales-by-2024-as-china-leads-global-market-growth-report">BEV sales by 2024,</a> fueled by a 21% increase in EV sales and strong market projections in China.
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</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

AMGDF

NSANY

'Godfather Of EVs' Warns Against Hybrid Focus As China Leads EV Race: 'Tariffs Just Make Indigenous Industry Lazy'

Toyota Motor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) saw a 6.2% <a href="https://global.toyota/en/company/profile/production-sales-figures/202411.html" target="_blank" rel="noreferrer noopener">drop</a> in global production in November, <a href="https://www.benzinga.com/24/12/42321484/fords-mustang-mach-e-sales-skyrocket-383-in-november-amid-growing-ev-momentum" target="_blank" rel="noreferrer noopener">with a total of 869,230 vehicles manufactured</a>.
Production within Japan fell by 9.3% year-over-year, amounting to 285,761 units. Outside of Japan, Toyota's production saw a smaller decline of 4.6%, reaching 583,469 units.
The company's U.S. output was particularly hard-hit, dropping 11.8%, though recovery is underway. Production of the Grand Highlander and Lexus TX SUV models resumed in late October after a four-month pause, Reuters reports.
See Also:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/12/42676790/mega-millions-jackpot-hits-1-billion-on-christmas-eve-amid-year-of-rare-wins" rel="noreferrer noopener">Christmas Eve Mega Millions: Jackpot Soars To Record $1 Billion In Year Of Rare Wins</a>
In China, production fell by 1.6%, a slight improvement compared to the 9% drop in the previous month. Toyota saw stronger sales of its Granvia and Sienna minivans, as well as the electric sedan bZ3, developed in partnership with BYD Co., Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>).
In other news, Toyota recently made headlines for a reported $1 million donation to President-elect Donald Trump's inauguration, The Guardian <a href="https://www.theguardian.com/us-news/2024/dec/24/toyota-trump-inauguration-donation" target="_blank" rel="noreferrer noopener">reports</a>.
The news came a day after Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) and General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) announced similar donations. Both of these U.S. automakers also pledged to <a href="https://www.benzinga.com/trading-ideas/movers/24/12/42562982/toyota-shares-are-on-the-rise-whats-going-on" target="_blank" rel="noreferrer noopener">provide vehicles for the inauguration</a>.
Additionally, Toyota's North American division received $4.5 million in federal funding from the U.S. Department of Energy's ARPA-E program. This funding supports a project aimed at enhancing the circular supply chain for electric vehicle (EV) batteries.
In partnership with Oak Ridge National Laboratory, the National Renewable Energy Laboratory, and Baker Hughes' Waygate Technologies, Toyota is working on improving battery disassembly, component classification, and recycling to reduce waste and emissions.
Price Action: TM shares closed 0.54% higher to $181.43 on Tuesday, shares fell 0.24% afterhours.
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Toyota's Global Output Slips 6.2%, While Company Donates $1 Million to Trump's Inaugural Fund

BYD Co., Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>), the Chinese new energy vehicle (NEV) giant, has reportedly expanded its global footprint by entering the Ethiopian market.
On December 21, the company partnered with Ethiopian distributor Moenco, a subsidiary of the Inchcape Group, to launch its brand in the East African country, CnEV Post <a target="_blank" href="https://cnevpost.com/2024/12/24/byd-enters-ethiopia/" rel="noreferrer noopener">reports</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/economics/macro-economic-events/24/12/42671903/investors-aggressively-bought-stocks-etfs-despite-fed-volatile-week-bank-of-america-reveals-largest-inflows-since-2017" rel="noreferrer noopener">Investors Aggressively Bought Stocks, ETFs In Volatile Fed Week: Bank Of America Reveals Largest Inflows Since 2017</a>
The brand unveiling, held in Addis Ababa, introduced five of BYD&#8217;s battery electric vehicle (BEV) models, including the compact Seagull hatchback and the Tang SUV, marking a significant step in BYD&#8217;s efforts to expand its presence in Africa.
This move comes on the heels of BYD&#8217;s recent entry into<a target="_blank" href="https://www.benzinga.com/markets/equities/24/12/42485764/tesla-rival-byd-enters-omani-market-launches-five-ev-models-as-part-of-gulf-expansion-report" rel="noreferrer noopener"> the Omani automotive market</a>. Earlier this month, the company celebrated a brand launch in Muscat, where it also opened three local stores.
In Oman, BYD introduced five models, including the Han, Yuan Plus, Seal, Song Plus DM-i, and Qin Plus DM-i, all aligning with the country&#8217;s push for sustainable development under Vision 2040.
However, BYD&#8217;s international expansion has not been without challenges. Brazilian authorities recently halted the construction of a BYD plant in Salvador, Bahia, after rescuing 163 workers living <a target="_blank" href="https://www.benzinga.com/government/regulations/24/12/42667814/brazil-authorities-halt-work-at-byd-factory-site-after-workers-found-in-slavery-like-conditions" rel="noreferrer noopener">in what they described as &#8220;slavery-like&#8221; conditions.</a>
Authorities shut down the workers&#8217; lodgings and issued a statement in cooperation with BYD and construction contractor Jinjiang Construction Brazil Ltd. While BYD continues to promote green mobility, this setback highlights the ongoing challenges the company faces in its global growth strategy.
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Photo via Shutterstock

BYD Expands Into Ethiopia With Launch of 5 EV Models: Report

Brazilian authorities said on Monday that they have halted the construction of the plant that Chinese EV giant BYD Co Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) is building in Salvador, Bahia after finding workers living and working in conditions analogous to &#8220;slavery.&#8221;
What Happened: Authorities ordered that the construction of the factory in Bahia be stopped after rescuing 163 people working at the site, according to a statement by the Labor Prosecutor&#8217;s Office (MPT).
The authorities shut down the workers&#8217; lodgings and communicated the same to both BYD and construction firm Jinjiang Construction Brazil Ltd, one of the contractors hired by the company to carry out the construction, it added.
MPT&#8217;s statement said that the workers lived in conditions analogous to slavery across four main lodgings. In one of the lodgings, the workers slept on beds without mattresses and 31 workers shared one bathroom, it said. 
At the construction site, there were only eight badly maintained chemical toilets for about 600 workers, it said, while also noting multiple accidents at the site. In one case, a worker suffered an accident after not having a break for 25 days.
The MPT also noted that the conditions constituted &#8220;forced labor.&#8221; If a worker were to terminate their employment contract after six months, they would leave the country without any pay for their work since the company deducted their airfare to and from Brazil, in addition to other costs, the statement said. 
BYD did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga&#8217;s</a> request for comment.
Why It Matters: BYD is China&#8217;s largest EV maker and makes plug-in hybrids and battery electric vehicles which are sold in China, Europe, and also Brazil. In November alone, the company made 540,588 new energy vehicles as compared to 316,510 in the corresponding month of 2023.
BYD <a href="https://www.benzinga.com/news/24/01/36839203/warren-buffett-backed-byd-sees-higher-profits-for-fy23-after-taking-over-tesla-as-biggest-ev-seller" target="_blank" rel="noreferrer noopener">took over Tesla</a>&nbsp;as the world's largest BEV seller in the fourth quarter of 2023. However, Tesla took back the crown in the first quarter of 2024 and has been holding on to it since.
For the third quarter between July and September, BYD reported operating revenue of&nbsp;<a href="https://www.benzinga.com/news/24/10/41647639/teslas-chinese-rival-byd-outshines-elon-musks-ev-giant-in-quarterly-revenue-for-first-time-since-202" target="_blank" rel="noreferrer noopener">201.12 billion yuan ($28.25 billion)</a> and net profit of 11.6 billion yuan. 
The company&#8217;s new factory in Bahia was expected to be operational by next year.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
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Photo courtesy: Shutterstock

Government

Brazil Authorities Halt Work At BYD Factory Site After Workers Found In 'Slavery' Like Conditions

The Tesla Model Y electric vehicle from Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) might not win title of Europe's bestselling vehicle for a second straight year, ending a short reign <a href="https://www.benzinga.com/electric-vehicles">for electric vehicles.</a>
What Happened: The Model Y broke records for <a href="https://www.benzinga.com/news/earnings/24/01/36768363/tesla-q4-earnings-highlights-revenue-miss-eps-miss-model-y-a-global-bestseller-next-gen-vehicle-upd">electric vehicles in 2023</a> and became the first EV to be the bestselling car globally for a full year. In Europe, it was the bestseller for 2023.
While the Model Y was Europe's <a href="https://www.benzinga.com/news/23/11/35969553/tesla-model-y-is-likely-bestselling-vehicle-in-europe-for-2023-the-record-breaking-numbers-why-its-i">top seller in 2023,</a> a repeat now appears unlikely.
According to <a href="https://www.autonews.com/retail/sales/ane-europe-top50-november-2024/#:~:text=The%20Tesla%20Model%20Y%20will,as%20Europe's%20top%2Dselling%20car.">data </a>from Automotive News Europe, the Model Y now ranks behind the Dacia Sandero, an internal combustion engine hatchback from French company Renault.
The data, shared by <a href="https://electrek.co/2024/12/19/tesla-model-y-likely-to-lose-its-crown-as-top-selling-car-in-europe-to-dacia-sandero/">Electrek</a>, shows that the Model Y ranks sixth through the month of November. 
The Sandero led the way in November with 21,506 vehicles sold, with the Volkswagen Tiguan second at 18,618.
Year-to-date, the Model Y has 181,781 units sold in Europe, which ranks around 65,000 units behind the Dacia Sandero.
Tesla is offering several incentives through the end of year that could push the vehicle higher up the list, including a year of free charging at Tesla Supercharger locations to anyone who buys a Model Y before the end of the calendar year.
The BYD Song from BYD Co (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) is mentioned as a top performer for the year with sales up 42% year-over-year.
Are you buying when the CEOs of the Magnificent 7 are selling?
<ul>
<li>Stay in the know with our Insider Trades page — <a href="https://www.benzinga.com/sec/insider-trades/">see when leaders like Mark Zuckerberg, Elon Musk, and Jensen Huang are offloading their own shares.</a></li>
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Why It's Important: With a price point of $13,051, the Dacia Sandero is more appealing to many consumers in Europe looking for a less expensive new car and not willing to spend a higher amount to get an electric vehicle.
Tesla taking the top spot in Europe in 2023 was a great storyline for electric vehicles, but could be hard to replicate without cheaper EV models hitting the country. The Model Y refresh named Juniper and likely coming in 2025, could see Model Y figures get a boost worldwide in 2025.
TSLA Price Action: Tesla stock was down 3% to $421.06 on Friday versus a 52-week trading range of $138.80 to $488.54. Tesla stock is up 70% year-to-date in 2024.
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</ul>
Photo: Dacia Sandero courtesy of Wikimedia Commons

Tesla Model Y Could Lose Bestselling Title In Europe To This Non-EV Car

BYD Co., Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>), a Chinese new energy vehicle (NEV) manufacturer, has officially entered the Omani automotive market, marking a significant step in its <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/12/42420450/chevron-upgrades-pasadena-refinery-supports-us-gulf-coast-fuel-supply-growth" rel="noreferrer noopener">expansion into the Gulf region</a>.
The company recently held a brand launch in Muscat, Oman, and opened three local stores, CnEV Post <a target="_blank" href="https://cnevpost.com/2024/12/13/byd-enters-oman-market/" rel="noreferrer noopener">reports</a>.
As part of this launch, BYD introduced five models to the Omani market: Han, Yuan Plus, Seal, Song Plus DM-i, and Qin Plus DM-i, all of which align with the country&#8217;s push for sustainable development under its Vision 2040.
The launch in Oman underscores BYD&#8217;s commitment to promoting green mobility and supporting the region&#8217;s transition to electric vehicles.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/12/42438591/teslas-china-sales-recover-model-y-accounts-for-over-60-of-november-sales" rel="noreferrer noopener">Tesla&#8217;s China Sales Recover, Model Y Accounts for Over 60% of November Sales</a>
AD Huang, general manager of BYD Middle East &amp; Africa, highlighted the alignment between the company&#8217;s goals and Oman&#8217;s sustainability objectives, according to the CnEV Post report.
In other news, BYD is reportedly on track to achieve a major sales milestone, with the company forecasting 4.25 million units sold in 2024.
This suggests that the company is on pace to sell around 500,000 vehicles in December, <a target="_blank" href="https://cnevpost.com/2024/12/13/byd-on-track-sell-4-25-million-cars-2024/" rel="noreferrer noopener">CnEV </a>Post adds.
In November, BYD sold 506,804 NEVs, marking its second consecutive month of over 500,000 units sold.
Year-to-date, BYD&#8217;s cumulative sales reached 3.76 million units, reflecting a 40% year-on-year growth.
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Image via Shutterstock.

Tesla Rival BYD Enters Omani Market, Launches Five EV Models As Part Of Gulf Expansion: Report

The energy storage industry is thriving, driven by pent-up demand for energy storage, rapid transformation to renewable energy, and several technological advancements. Energy storage stocks Tesla (TSLA), BYD Company (BYDDY), and Enphase Energy (ENPH) look poised to capitalize on the industry's tailwinds in 2025 and could be worth watching. Read more to find out... Global markets are revolutionizing with growing environmental concerns and rising attention towards clean energy adoption. Market leaders are capitalizing on this trend by investing in energy storage and technological advancements and shifting their focus to energy-efficient offerings.
Given the industry's bright prospects, watching fundamentally sound energy stocks, Tesla, Inc. (<a href="https://stocknews.com/stock/TSLA/">TSLA</a>), BYD Company Limited (<a href="https://stocknews.com/stock/BYDDY/">BYDDY</a>), and Enphase Energy, Inc. (<a href="https://stocknews.com/stock/ENPH/">ENPH</a>) could be a suitable strategy.
Major economies are rethinking their energy usage and its impact on the surrounding environment, resulting in attempts to emphasize decarbonization and shift towards measures and latest technologies to reduce their carbon footprints. Therefore, recently increased integration of renewables and upgrades in existing infrastructure can be observed.
A <a href="https://www.iea.org/reports/world-energy-investment-2024/overview-and-key-findings">report by IEA</a> pointed out that in recent years, investment in clean energy has grown almost twice as much as in fossil fuels. For 2024, the report shows investment of $771 billion in renewable power, investment of $452 billion in grids and storage, and investment of $669 billion in energy efficiency and end-use.
Further, revolutions in the renewable energy sector are favoring the market prospects of the energy storage market. The energy storage market is expected to reach around $99.72 billion by 2029, exhibiting growth at a notable <a href="https://www.mordorintelligence.com/industry-reports/energy-storage-market">CAGR of 14.31%</a>. The market's growth is expected to be driven by rapidly rising energy consumption, favorable government policies, and new technologies.
Given the industry's robust outlook, watching fundamentally strong energy storage stocks TSLA, BYDDY, and ENPH could be wise.
Let's discuss the fundamentals of these stocks in detail:
Tesla, Inc. (<a href="https://stocknews.com/stock/TSLA/">TSLA</a>)
TSLA designs, develops, manufactures, leases, and sells electric vehicles (EVs), and energy generation and storage systems worldwide. The company operates through two segments: Automotive and Energy Generation and Storage. It also offers non-warranty after-sales vehicles, used vehicles, retail merchandise, and vehicle insurance services.
In terms of trailing-12-month EBIT margin, TSLA's 8.38% is 3.9% higher than the industry average of 8.06%. Likewise, the stock's trailing-12-month net income margin of 13.07% is significantly higher than the industry average of 4.22%. Also, its trailing-12-month <a href="https://www.investopedia.com/terms/r/roce.asp">ROCE</a> of 20.65% is 90.6% higher than the industry average of 10.84%.
During the third quarter, TSLA produced approximately 470,000 vehicles, delivered approximately 463,000 vehicles, and deployed 6.9 GWh of energy storage products.
For the third quarter that ended September 30, 2024, TSLA's total revenues were $25.18 billion, up 7.8% year-over-year, of which its total automotive revenues increased 2% year-over-year to $20.02 billion. Its total gross profit grew 19.6% from the year-ago value to $5 billion. The company's adjusted EBITDA came in at $4.66 billion, an improvement of 24.1% from the previous year's period.
In addition, non-GAAP net income and EPS attributable to common stockholders came in at $2.50 billion and $0.72, reflecting growth of 8.1% and 9.1% from the prior year's quarter, respectively.
Analysts expect TSLA's revenue for the fourth quarter (ending December 2024) to increase 8.8% year-over-year to $27.37 billion. For the ongoing quarter, its EPS is expected to grow 7.6% year-over-year to $0.76. Also, the company's revenue and EPS for the fiscal year 2025 are expected to increase 16.7% and 31.2% year-over-year to $116.37 billion and $3.26.
The stock has increased 131.3% over the past six months and 77% over the past year to close the last trading session at $454.13.
TSLA's robust outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has a B grade for Quality and Sentiment. Within the <a href="https://stocknews.com/category/auto-vehicle-makers/">Auto &amp; Vehicle Manufacturer</a>s industry, TSLA is ranked #33 of 51 stocks.
<a href="https://stocknews.com/stock/TSLA/">Click here</a> to access additional ratings of TSLA for Value, Growth, Stability, and Momentum.
BYD Company Limited (<a href="https://stocknews.com/stock/BYDDY/">BYDDY</a>)
Headquartered in Shenzhen, China, BYDDY is internationally engaged in the automobile and battery business. The company operates through two segments: Mobile Handset Components, Assembly Service and Other Products; and Automobiles and Related Products and Other Products.
On November 14, BYDDY entered into a strategic partnership with The Singing Machine Company, Inc., a subsidiary of Algorhythm Holdings, Inc., along with Stingray. Under the terms of the agreement, Singing Machine will launch a globally available in-car karaoke microphone, designed to fully integrate with the Stingray Karaoke app and BYD's infotainment system in its vehicles.
Also, on October 25, BYDDY released its first plug-in hybrid SUV for Paraguayan households, the BYD SONG PRO model. The launch is equipped with BYD's Super Hybrid DM-i technology and can further expand BYDDY's new energy product lineup in the Paraguayan market.
For the nine months that ended September 30, 2024, BYDDF reported a total operating revenue of RMB 502.25 billion ($68.80 billion), reflecting 18.9% growth from the prior year's period. Its total profit for the period grew 20.1% from the year-ago value to RMB 31.32 billion ($4.29 billion).
Also, the company's net profit came in at RMB 26.25 billion ($3.59 billion), up 17.6% year-over-year, while its EPS increased 18.1% from the prior year's period to RMB 8.68. Furthermore, the company's total assets amounted to RMB 764.26 billion ($104.69 billion) as of September 30, 2024, compared to RMB 679.55 billion ($93.09 billion) as of January 1, 2024.
For the fiscal year 2024, the company's revenue is estimated to grow 25.7% year-over-year to $104.90 billion, and the consensus EPS estimate of $3.78 for the ongoing year indicates an improvement of 39.6% year-over-year.
Over the past six months, BYDDY's stock has gained 17.6% and 33.2% over the past year to close the last trading session at $71.09.
BYDDY's POWR Ratings reflect its bright prospects. The stock has an overall grade of B, translating to a Buy in our proprietary rating system.
BYDDY has a B grade for Growth, Sentiment, and Quality. It is ranked #10 among 51 stocks within the Auto &amp; Vehicle Manufacturers industry.
To see the other BYDDY ratings for Momentum, Value, and Stability, <a href="https://stocknews.com/stock/BYDDY/">click here</a>.
Enphase Energy, Inc. (<a href="https://stocknews.com/stock/ENPH/">ENPH</a>)
ENPH designs develops, manufactures, and sells home energy solutions for the solar photovoltaic industry internationally. It offers a semiconductor-based microinverter, which converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control.
On December 9, ENPH announced a collaboration with NextEnergy, one of the most innovative energy providers in the Netherlands. The strategic relationship will empower NextEnergy customers with Enphase solar and battery systems to participate in the grid imbalance energy marketplace in the Netherlands.
Enphase solar and battery systems can use AI optimization to automatically direct electricity toward the home or export it to the grid to help homeowners maximize financial returns.
Also, on December 5, ENPH collaborated with Frank Energie, an energy provider in the Netherlands, to enable Frank Energie customers to use Enphase solar and battery systems. It will help in maximizing customers' return on investment (ROI) and reduce the system payback period.
During the third quarter that ended September 30, 2024, ENPH's net revenues increased 25.5% from the prior quarter to $380.87 million, and its gross profit grew 29.9% from the quarter-ago value to $178.17 million. Also, the company's non-GAAP operating income was $101.41 million, up 66% from the prior quarter.
Additionally, the company's non-GAAP net income came in at $88.40 million and $0.65 per share, indicating increases of 50.3% and 51.2% quarter-over-quarter, respectively.
Street expects ENPH's EPS for the fourth quarter (ending December 2024) to grow 39.9% year-over-year to $0.76. The company's revenue is estimated to increase by 25.2% year-over-year to $378.81 million for the same quarter. For the fiscal year 2025, its revenue and EPS are expected to grow 31.8% and 75.4% from the prior year to $1.75 billion and $3.82.
Shares of ENPH have surged 6.1% over the past month to close the last trading session at $73.01.
ENPH's sound fundamentals are reflected in its POWR Ratings. ENPH has a B grade for Quality. It is ranked #5 among 15 stocks in the <a href="https://stocknews.com/category/solar/">Solar</a> industry.
In addition to the POWR Ratings we've stated above, we also have ENPH ratings for Momentum, Growth, Value, Stability, and Sentiment. Get all ENPH ratings <a href="https://stocknews.com/stock/ENPH/">here</a>.
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TSLA shares . Year-to-date, TSLA has gained 73.72%, versus a 26.79% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/tsla-byddy-enph-3-energy-storage-stocks-to-watch-in-2025/>3 Energy Storage Stocks to Watch in 2025</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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