Option chain shows key data for BYD's stock options at various strike prices and expiration dates. Traders use this information to analyze potential trades and assess market sentiment for BYD.

BYD (OTC:BYDDF) Stock, Option Chain

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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Chinese EV makers BYD, Geely, and SAIC contested EU&#39;s import duties at Court of Justice. Tesla excluded from tariffs, gaining only 7.8% tax.

BYD, Geely, SAIC Contest EU&#39;s High EV Tariffs In Court

Ho,Chi,Minh,City,,Vietnam,-,31,Jul,2022.,An

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Vietnamese electric vehicle manufacturer VinFast Auto is entering India&#39;s growing EV market with two premium SUVs, following strong third-quarter 2024 delivery growth and significant financial backing from its founder.

Tesla&#39;s Vietnamese Rival VinFast Enters &#39;Next Growth Frontier&#39; India Amid Global Expansion Push, Plans $500 Million Investment

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Tesla recalls 239k vehicles, BYD launches affordable EV in Oz, Tesla&#39;s Cybertruck praised for wildfire performance, Uber and Lyft revamp robotaxi strategy, XPeng and Volkswagen to build EV charging network in China.

Tesla Recalls Over 239,000 Vehicles, Uber and Lyft Revamp Robotaxi Strategy, Warren Buffett-Backed BYD Launches Affordable EV And More: This Week In Mobility

BYD Co Ltd

Three <a href="https://www.benzinga.com/topic/chinese-ev-stocks" target="_blank" rel="noreferrer noopener">Chinese electric vehicle makers</a> contested the <a href="https://www.benzinga.com/markets/equities/24/10/41182675/tesla-byd-and-other-ev-stocks-to-watch-as-eu-votes-to-approve-tariffs-on-chinese-ev-imports" target="_blank" rel="noreferrer noopener">EU&#8217;s import duties</a> at the union&#8217;s Court of Justice. 
According to Reuters, 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>), 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>), and SAIC Motor (Shanghai Automotive Industry Corporation) oppose EU-<a href="https://www.benzinga.com/news/24/10/41311787/tesla-rival-byd-slams-eu-tariffs-on-chinese-evs-needs-more-positive-education-trust-is-low" target="_blank" rel="noreferrer noopener">imposed taxes</a>. BYD has a 17% tariff, Greely 18.8%, and SAIC, 35.3% (in addition to its car import duty of 10%).
After an anti-subsidy investigation, the EU imposed a tax&nbsp;on China-made EVs in October.
Also Read: <a href="https://www.benzinga.com/government/regulations/25/01/43155691/amazon-to-shut-7-quebec-fulfillment-centers-axe-around-2000-jobs" target="_blank" rel="noreferrer noopener">Amazon To Shut 7 Quebec Fulfillment Centers, Axe Around 2,000 Jobs</a>
China-based EV makers flagged the exclusion of leading EV exporter Tesla Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) from the additional tariffs.
Tesla bagged the lowest extra tariff of 7.8%.
<a target="_blank" href="https://www.benzinga.com/tech/25/01/43187706/teslas-chinese-rivals-xpeng-li-auto-nio-rise-in-premarket-trading-after-trumps-friendly-conversation-with-xi-jinping-we-have-one-very-big-power-over-chinaid-rather-not" rel="noreferrer noopener">U.S.-listed Chinese EV stocks</a>&nbsp;Li Auto Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>),&nbsp;Nio Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), and&nbsp;Xpeng Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) surged Friday after President&nbsp;Donald Trump&nbsp;hinted in an interview that he would instead not use tariffs against China.
<a href="https://www.benzinga.com/markets/25/01/43091254/teslas-chinese-rivals-li-xpeng-nio-surge-while-rivian-declines-in-pre-market-as-trump-revokes-bidens-ev-target" target="_blank" rel="noreferrer noopener">Also this week</a>, Trump repealed former President Joe Biden&#8216;s order ensuring that 50% of new vehicles sold in the U.S. by 2030 are electric. Trump also weighed ending the $7,500 federal tax credit available on EV purchases.
<a href="https://www.benzinga.com/markets/emerging-markets/24/12/42700628/chinas-ev-price-wars-hit-auto-profits-smaller-players-struggle-as-margins-shrink" target="_blank" rel="noreferrer noopener">China's car market</a>, particularly the EV sector, has faced fierce competition over the past two years, sparking a price war. Projections suggest China will lead global EV adoption by 2025, with EV sales expected to outpace 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 fall below 11 million. Reports also reveal plans for China to issue 3 trillion yuan ($411 billion) in special treasury bonds in 2025 to boost consumption through subsidies, equipment upgrades, and investments in the EV sector.
Investors can gain exposure to stocks of companies that are domiciled in China through iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>) and KraneShares Trust KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>).
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Image: Shutterstock

BYD, Geely, SAIC Contest EU's High EV Tariffs In Court

Vietnamese electric vehicle manufacturer VinFast Auto (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFS#NASDAQ">VFS</a>) is entering India&#8217;s growing EV market with two premium SUVs, following <a href="https://www.benzinga.com/24/11/42197080/vinfast-reports-q3-loss-in-line-with-estimates-expects-to-receive-35b-injection-by-2026-end">strong third-quarter 2024 delivery growth</a> and significant financial backing from its founder.
The Nasdaq-listed company unveiled its VF6 and VF7 models at the India Auto Show in New Delhi, planning to challenge established players like Mahindra &amp; Mahindra and BYD (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>). 
VinFast will invest $500 million over five years to build a car and battery factory in Tamil Nadu state, with an initial capacity of 50,000 units annually, expandable to 150,000, Reuters reported.
&#8220;We are turning our focus to India &#8211; our next growth frontier,&#8221; said Pham Sanh Chau, VinFast&#8217;s Asia CEO. 
The expansion comes as VinFast reported 21,912 vehicle deliveries in the third quarter of 2024, up 115% year-over-year, though with continuing losses. The company secured $3.5 billion in potential funding through 2026, including $2.1 billion in grants from CEO Pham Nhat Vuong.
Like Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), VinFast is seeking reduced import duties while its factory is under construction. Electric vehicles currently represent 2.5% of India&#8217;s 4 million annual car sales, with the government targeting 30% by 2030.
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Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tesla's Vietnamese Rival VinFast Enters 'Next Growth Frontier' India Amid Global Expansion Push, Plans $500 Million Investment

This week has been a rollercoaster ride in the world of electric vehicles and ride-hailing services. From&nbsp;Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) recalling hundreds of thousands of vehicles to&nbsp;Warren Buffett-backed&nbsp;BYD Co&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) launching an affordable EV in Australia, there&#8217;s a lot to catch up on. Let&#8217;s dive into the top stories of the week.
Tesla Recalls Over 239,000 Vehicles
Tesla is recalling 239,382 vehicles in the U.S. due to concerns about the loss of rearview camera image, according to the National Highway Traffic Safety Administration (NHTSA). The issue arises from a potential short in the computer circuit board. Tesla has released a software update to address the problem and will replace affected computers free of charge. The recall includes 2024-25 Model 3 and Model S vehicles and 2023-25 Model X and Model Y.
<a href="https://www.benzinga.com/tech/25/01/42909595/tesla-recalls-over-239000-vehicles-over-rearview-camera-image-display-issues">Read the full article here.</a>
Warren Buffett-Backed BYD Launches Affordable EV in Australia
Chinese EV company BYD, in which Warren Buffett&#8217;s Berkshire Hathaway Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) holds a stake, is launching Australia&#8217;s first EV with a starting price under $30,000. This move could significantly boost Australia&#8217;s EV market. Despite selling a portion of its stake, Berkshire still owns around 4.9% of BYD, representing approximately $1.8 billion in its portfolio.
<a href="https://www.benzinga.com/news/management/25/01/42901570/warren-buffett-backed-byd-launches-australias-first-ev-under-30k-how-the-move-could-strengthen-fight-against-elon-musks-tesla">Read the full article here.</a>
Ross Gerber Praises Tesla&#8217;s Cybertruck Amid California Wildfires
Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, lauded Tesla&#8217;s Cybertruck for its performance during the devastating wildfire in Los Angeles's Pacific Palisades neighborhood. Gerber shared his experience of how the vehicle navigated fallen trees and flooded roads, and its HEPA filter system protected him from smoke.
<a href="https://www.benzinga.com/markets/equities/25/01/42890496/cybertruck-was-my-hero-today-says-ross-gerber-after-teslas-truck-allowed-him-to-navigate-california-wildfires-in-safety">Read the full article here.</a>
Uber and Lyft Revamp Robotaxi Strategy
Ride-hailing giants&nbsp;Uber Technologies Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and&nbsp;Lyft Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) are revising their robotaxi ambitions. They have restructured their businesses to accommodate competitors who have cracked the code, according to the Wall Street Journal. Under the new strategy, Uber and Lyft will earn a percentage of driverless taxi bookings while maintaining the fleet.
<a href="https://www.benzinga.com/25/01/42859391/uber-and-lyft-adapt-robotaxi-strategy-to-compete-in-tesla-and-waymos-market">Read the full article here.</a>
XPeng and Volkswagen to Build Super-Fast EV Charging Network in China
Chinese EV startup&nbsp;XPeng Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) and German automaker&nbsp;Volkswagen AG&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) are planning to jointly build a super-fast charging network in China. The over 20,000 charging piles operated by the two companies across 420 cities in China will now be accessible to both players going forward.
<a href="https://www.benzinga.com/25/01/42807958/xpeng-volkswagen-to-jointly-build-super-fast-ev-charging-network-in-china">Read the full article here.</a>
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<li><a href="https://www.benzinga.com/25/01/42931896/jeff-bezos-500-million-superyacht-koru-steals-the-show-at-st-barts-annual-festival-where-173-billionaires-turned-up-with-their-yachts">Jeff Bezos&#8217; $500 Million Superyacht Koru Steals The Show At St. Bart&#8217;s Annual Festival Where 173 Billionaires Turned Up With Their Yachts</a></li>
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Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>

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.
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BYD photo

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

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.
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Image via Shutterstock

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RIVN

XIACF

XIACY

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

Several exchange-traded funds, or ETFs, allow investors to track the stocks of electric vehicle manufacturers, including Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) or its China-based competitors, Nio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), XPeng (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) and BYD (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>).
These funds allow investors to diversify their risks by owning chunks of shares in multiple EV plays rather than choosing to put all eggs in one basket. Here are three ETFs with exposure to Tesla and its rivals:
<ul>
<li>iShares Self-Driving EV and Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDRV#NYSE">IDRV</a>): This fund tracks the NYSEA FactSet Global Autonomous Driving and Electric Vehicle Index. Its allocation is fairly evenly distributed among multiple auto companies. Tesla (4.11%), Li Auto (4.48%), XPeng (3.79%), BYD (4.08%) and Nio (3.99%) are among its top holdings. It charges a 0.47% expense ratio.</li>
</ul>
<ul>
<li>SPDR S&amp;P Kensho Smart Mobility ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAIL#NYSE">HAIL</a>): This ETF tracks U.S.-listed companies participating in the smart transportation sector, as well as the S&amp;P Kensho Smart Transportation Index. Major holdings include Tesla (1.53%), NIO (1.67%), Li Auto (1.8%), and XPeng (1.55%). The ETF has an expense ratio of 0.45% and about $24.62 million in assets under management (AUM) as of Jan. 2.</li>
</ul>
<ul>
<li>Global X Autonomous &amp; Electric Vehicles ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRIV#NASDAQ">DRIV</a>): This ETF's exposure covers all aspects of the EV industry. The fund has $386.76 million of net AUM as of Jan. 2, and comes with an expense ratio of 0.68%. Major automakers, including Tesla (4.86%), XPeng (1.61%) and Nio (1.18%), are a part of the fund's holdings. General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), which is committed to go all-electric soon, also enjoys a share of the fund. The ETF also offers exposure to lucrative industries like semiconductors, batteries, and software for EVs. The fund mirrors the Solactive Autonomous &amp; Electric Vehicles Index.</li>
</ul>
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42792642/tesla-analysts-on-deliveries-ev-stock-could-have-stormy-weather-in-short-term-generational-set-of-growth-opportunities-long-term">Tesla Analysts On Deliveries — EV Stock Could Have &#8216;Stormy Weather&#8217; In Short Term</a>
Why It Matters: S&amp;P Global Mobility expects 15.1 million battery electric vehicles to be sold in 2025. That&#8217;s a 30% increase from 2024. 
EVs are likely to account for 16.7% of global light vehicle sales in 2025, with China leading at 29.7% market share.
Tesla reported <a href="https://www.benzinga.com/25/01/42782683/tesla-hits-record-ev-sales-in-china-despite-global-dip">record EV sales</a> in December. For the year, the EV-maker's China sales reached 657,000 vehicles—an 8.8% on-year increase. These numbers reveal that China remains critical for Tesla, contributing around 40% of its global deliveries in Q4.
Tesla's deepening foothold in China has also spurred a <a href="https://www.benzinga.com/25/01/42761825/ev-price-war-heats-up-as-chinese-automakers-extend-subsidies">competitive battle of sorts involving prices</a>. The Austin, Texas-based company made the smart move of putting a 10,000-yuan discount on Model Y loans through December. This prompted Nio and Li Auto to follow suit with zero-interest loans and cash subsidies. 
Nio's December sales spiked 72.9% year-over-year while Li Auto posted a 16.2% increase.
BYD, for its part, offered up to 11.5% discounts and reaped the rewards in the form of a 50% year-over-year jump in December sales of new energy passenger vehicles.
XPeng, meanwhile, <a href="https://www.benzinga.com/news/global/24/12/42737888/tesla-rival-xpeng-to-hire-over-6000-workers-in-2025-expecting-increased-competition-report">plans to onboard over 6,000 employees</a> in 2025, Reuters reported. Anticipating intensified pricing pressures starting January, the company is also strategizing global expansion schemes, aiming to tap over 60 international markets by 2025.
This competition brings us to a broader trend: China expects to sell over 12 million EVs in 2025, doubling 2022 figures, and Tesla increasingly seeking a bigger piece of the pie.
Analyst Daniel Ives of Wedbush remains optimistic on Tesla. He predicts 20%-30% delivery growth in 2025 and maintains an "Outperform" rating with a $515 price target.
Read Next: 
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<li><a href="https://www.benzinga.com/25/01/42789867/chinese-stocks-end-2024-in-green-after-a-3-year-retreat-franklin-ftse-china-etf-ishares-msci-china-etf-and-more-i">Chinese Stocks Rebound In 2024 After 3-Year Slump: 3 ETFs To Watch</a></li>
</ul>
Image: Shutterstock

Sector ETFs

Emerging Market ETFs

ETFs

DRIV

HAIL

IDRV

Global EV Sales Poised To Grow In 2025: 3 ETFs In Focus

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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<li><a href="https://www.benzinga.com/25/01/42760189/tesla-says-it-added-11000-superchargers-in-2024">Tesla Adds 11,000 Superchargers In 2024, Takes Total Count To Over 65,000</a></li>
</ul>

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

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>
Read Next:
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<li><a 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">US-Listed Chinese EV Startups Clock Delivery Growth In December: Li Auto Tops Charts, Mona M03 Spurs XPeng, Nio&#8217;s Onvo Breaches 10,000 Monthly Delivery Milestone</a></li>
</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

Nio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), the Chinese EV maker, has been making headlines — but not for the right reasons. The stock just flashed a technical Death Cross, a bearish indicator where the 50-day moving average crosses below the 200-day moving average. Let's discuss whether there's hope for a bullish reversal.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122724&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="810" height="550" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/27073727/NIO-Death-Cross.jpg" alt="" class="wp-image-709161" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/27073727/NIO-Death-Cross.jpg 810w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/27073727/NIO-Death-Cross-300x204.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/27073727/NIO-Death-Cross-768x521.jpg 768w" sizes="(max-width: 810px) 100vw, 810px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122724&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
<h1 class="wp-block-heading">Nio Stock Chart: Death Cross In Motion</h1>
Nio's stock, at $4.69, is lagging behind its 50-day moving average of $4.83 and 200-day average of $4.83 as well. Other indicators, like a negative MACD and a middling RSI of 51.05, suggest the market hasn't decided whether to stay bearish or gamble on a rebound.
Adding to the uncertainty, Nio's performance has been mixed. Nio stock is down 44% YTD, despite a modest 7% gain in the past month. A stagnating price trend coupled with slight selling pressure is fueling skepticism among technical analysts.
Read Also: <a href="https://www.benzinga.com/trading-ideas/movers/24/12/42681555/nio-announces-repurchase-opportunity-for-convertible-senior-notes-due-2027-firefly-app-gains-traction-in-china">NIO Announces Repurchase Opportunity For Convertible Senior Notes Due 2027; Firefly App Gains Traction In China</a>
<h1 class="wp-block-heading">Onvo L60: A Tesla Challenger?</h1>
Amid the market gloom, Nio's product cycle offers a glimmer of hope. The company's<a href="https://www.benzinga.com/news/global/24/12/42697306/onvo-sells-20000-evs-in-100-days-of-launch-gearing-to-be-nios-best-selling-brand"> Onvo L60 SUV</a>, a sleek competitor to Tesla's Model Y, is garnering attention for its 900-volt EV platform and competitive pricing. 
In the third week of December, Nio's insurance registrations rose 23%, supported by 2,090 Onvo L60 units.
CEO William Li remains bullish, forecasting a strong product cycle starting in 2025. "We've started monetizing investments in new technologies and vehicle lineups," Li <a href="https://technode.com/2024/12/24/nio-ceo-says-company-prepared-for-market-upheaval-in-2025/">said</a> during Nio Day, adding that innovation will drive future growth.
<h1 class="wp-block-heading">China's EV Race: Tough Competition</h1>
The Chinese EV market remains fiercely competitive. While Nio <a href="https://carnewschina.com/2024/12/24/china-ev-registrations-in-w51-nio-5400-xiaomi-6000-tesla-17600-byd-87700/#google_vignette">registered</a> 5,400 vehicles in the third week of December, it trailed Xiaomi, Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), and BYD Co (OTCPK: BYDDF), which reported 6,000, 17,600, and 87,700 registrations, respectively.
The challenge? Nio needs more than a competitive SUV to outpace its rivals. Tesla and BYD dominate with scale and brand power, leaving Nio to carve a niche in affordability and innovation.
<h1 class="wp-block-heading">Is A Bullish Reversal In Sight?</h1>
Nio's Death Cross is a warning, but its innovative product lineup and CEO optimism could signal potential for a bullish reversal. 
The stock may remain volatile in the short term, but for risk-tolerant investors, 2025's product cycle could be worth the wait. Bullish or bearish? This EV underdog isn't out of the race just yet.
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</ul>

Asia

Technicals

Global

Nio's Death Cross Meets Tesla Competition: Could Onvo L60 SUV Spark A Bullish Comeback?

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.
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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

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

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.
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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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</ul>

General

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

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.
Read Next:
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<li><a href="https://www.benzinga.com/24/12/42405564/tim-kuniskis-to-return-to-lead-ram-trucks-days-after-stellantis-ceos-departure-report" target="_blank" rel="noreferrer noopener">Tim Kuniskis To Return To Lead Ram Trucks Days After Stellantis CEO&#8217;s Departure: Report</a></li>
</ul>
Image via Shutterstock.

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

American EV giant Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) China sales are picking up momentum despite trailing behind Chinese EV maker BYD Co Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>).
What Happened: Insurance registrations for Tesla vehicles in China came in at 21,900 units for the week that ended on December 8, marking its second-best week in 2024, according <a href="https://cnevpost.com/2024/12/10/china-ev-insurance-registrations-week-ending-dec-8-2024/">to</a> a report by CnEVPost.
The week prior to that, the company had just 18,700 registrations.
Tesla&#8217;s Chinese competitor BYD, meanwhile, had 85,000 registrations, down 13.09% from the week before. BYD, unlike Tesla, makes both battery electric vehicles and plug-in hybrids.
EV startup Li Auto is following Tesla close on heels with weekly registrations touching 12,600 last week. China&#8217;s newest EV entrant, Xiaomi, also had 5,400 insurance registrations last week. Insurance registrations in China are considered a proxy for sales.
Analyst Take: Tesla Bull and The Future Fund Managing Partner Gary Black deems the latest insurance registration numbers &#8220;outstanding.&#8221;
&#8220;Tesla China reported an outstanding 21,900 insured registrations for the week of Dec 2-8. This was the 2nd highest week of the year, and 3rd highest week ever. With 3 weeks left in the quarter, 4Q is +17.8% YoY and +9.5% QoQ,&#8221; Black noted.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> China reported an outstanding 21,900 insured registrations for the week of Dec 2-8. This was the 2nd highest week of the year, and 3rd highest week ever. With 3 weeks left in the quarter, 4Q is +17.8% YoY and +9.5% QoQ. Separately, China BEV adoption reached a record… <a href="https://t.co/AozafLf7Hj">pic.twitter.com/AozafLf7Hj</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1866360544648728683?ref_src=twsrc%5Etfw">December 10, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Tesla CEO Elon Musk also applauded the team in China for the achievement. &#8220;Great work by Tesla China,&#8221; he said in a post on social media platform X. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Great work by Tesla China
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1866326149904879948?ref_src=twsrc%5Etfw">December 10, 2024</a></blockquote>
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Why It Matters:&nbsp;Tesla has to deliver at least 514,926 EVs globally in the last quarter if it is to beat its 2023 delivery number of nearly 1.81 million. China is Tesla&#8217;s&nbsp;<a href="https://www.benzinga.com/news/24/06/39393504/tesla-rolls-out-upgraded-model-3-performance-to-chinese-customers" target="_blank" rel="noreferrer noopener">second-largest market&nbsp;</a>after the U.S., making deliveries in the region key to realizing Tesla's annual delivery goal.
However, Tesla has never managed to deliver over 500,000 EVs in a quarter to date, making this an&nbsp;<a href="https://www.benzinga.com/tech/24/11/41894615/tesla-q4-deliveries-expected-to-set-new-records-but-not-enough-to-avoid-yearly-sales-decline-says-researcher" target="_blank" rel="noreferrer noopener">ambitious target.</a>
In the third quarter, Tesla reported deliveries of 462,890 vehicles, up 6.4% year-over-year and up 4.3% quarter-over-quarter.
Deliveries fell 8.5% year-on-year in the first quarter and by 4.8% in the second quarter.
Price Action:&nbsp;Tesla shares closed up 0.15% at $389.79 on Monday. Year-to-date, the stock has gained 56.9%, according to&nbsp;<a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
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/24/12/42405564/tim-kuniskis-to-return-to-lead-ram-trucks-days-after-stellantis-ceos-departure-report">Tim Kuniskis To Return To Lead Ram Trucks Days After Stellantis CEO&#8217;s Departure: Report</a></li>
</ul>
Photo courtesy: Shutterstock

Tesla's 2nd Best Week in China In 2024 Boosts Q4 Prospects

The Federal Bureau of Investigation is advising Americans to adopt encrypted messaging apps to <a target="_blank" href="https://www.benzinga.com/24/12/42333675/fbi-warns-of-ongoing-china-backed-telecom-hacks-heres-how-encrypted-messaging-could-be-your-last-line-of-defense" rel="noreferrer noopener">safeguard their communications</a>.
Gamers are spending more time watching gaming content than actually playing games. The study, conducted by Midia Research (via&nbsp;GamesIndustry.biz), reveals that gamers average 8.5 hours weekly watching game-related videos on platforms like YouTube and Twitch, <a target="_blank" href="https://benzinga.com/general/gaming/24/12/42305217/gamers-now-watch-more-than-they-play-how-publishers-can-reclaim-lost-revenue-report" rel="noreferrer noopener">compared to 7.4 hours actively gaming</a>.
Gaming
Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) announces Xbox Game Pass additions for December 2024, featuring Indiana Jones and the <a target="_blank" href="https://www.benzinga.com/general/gaming/24/12/42321564/indiana-jones-headlines-xbox-game-pass-december-2024-additions" rel="noreferrer noopener">Great Circle launching on Dec. 9</a>.
Microsoft‘s&nbsp;Activision is offering a limited-time opportunity for those who haven't yet jumped into Call of Duty: Black Ops 6 by announcing a seven-day free trial, <a target="_blank" href="https://www.benzinga.com/24/12/42353162/black-ops-6-free-trial-everything-you-can-play-from-dec-1320" rel="noreferrer noopener">starting next&nbsp;Friday, Dec. 13</a>.
In a recent&nbsp;interview&nbsp;with Japanese outlet Game Watch,&nbsp;Hidetaka Miyazaki,&nbsp;the studio's acclaimed creator, confirmed that Elden Ring 2 is <a target="_blank" href="https://www.benzinga.com/24/12/42297564/we-are-not-considering-elden-ring-2-says-fromsoftwares-miyazaki" rel="noreferrer noopener">not part of the company's plans</a>.
Sony Group Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) introduced controller-free hand tracking for PS VR2 at Siggraph Asia 2024, demoing <a target="_blank" href="https://www.benzinga.com/24/12/42325278/ps-vr2-gets-controller-free-hand-tracking-feature" rel="noreferrer noopener">it with a cleaning mini-game</a>.
Retail/Media
Walt Disney Co.&#8217;s&nbsp;Disney+&nbsp;announced its expansion in sports content via <a target="_blank" href="https://www.benzinga.com/general/entertainment/24/12/42330923/espn-lands-on-disney-in-major-content-fusion-heres-what-it-actually-means" rel="noreferrer noopener">the integration of&nbsp;</a><a target="_blank" href="https://www.benzinga.com/general/entertainment/24/12/42330923/espn-lands-on-disney-in-major-content-fusion-heres-what-it-actually-means" rel="noreferrer noopener">ESPN</a><a target="_blank" href="https://www.benzinga.com/general/entertainment/24/12/42330923/espn-lands-on-disney-in-major-content-fusion-heres-what-it-actually-means" rel="noreferrer noopener">&nbsp;into its platform</a>.
Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) unveiled advanced AI chip&nbsp;clusters designed to enhance the <a target="_blank" href="https://www.benzinga.com/24/12/42309656/amazon-unleashes-powerful-ai-chip-clusters-to-supercharge-anthropics-models-while-challenging-nvidia-and-openais-dominance" rel="noreferrer noopener">performance of its partner,&nbsp;</a><a target="_blank" href="https://www.benzinga.com/24/12/42309656/amazon-unleashes-powerful-ai-chip-clusters-to-supercharge-anthropics-models-while-challenging-nvidia-and-openais-dominance" rel="noreferrer noopener">Anthropic</a>.
Amazon.com&nbsp;co-founder&nbsp;Jeff Bezos&nbsp;shared his positive outlook on&nbsp;Donald Trump's&nbsp;upcoming second term, <a target="_blank" href="https://www.benzinga.com/media/24/12/42331420/jeff-bezos-optimistic-about-trumps-second-term-wants-to-help-streamline-rules-we-do-have-too-many-regulations-in-this-country" rel="noreferrer noopener">underscoring potential regulatory reductions</a>.&nbsp;
Smartphone
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is facing a legal challenge from one of its own, as an ad tech manager has accused the company of violating employee <a target="_blank" href="https://www.benzinga.com/news/legal/24/12/42283614/apple-faces-lawsuit-over-alleged-snooping-on-employees-iphones-and-other-devices" rel="noreferrer noopener">privacy rights through its policies</a>.
Apple reported it plans to launch a foldable iPhone in 2026. It could breathe new life into the foldable smartphone market, which has been <a href="https://www.benzinga.com/markets/24/12/42286671/apples-foldable-iphone-could-spark-smartphone-market-revival-in-2026-says-expert" target="_blank" rel="noreferrer noopener">experiencing waning consumer interest</a>.
Apple&nbsp;is reportedly facing a delay in its ambitious smart home vision, with a key product now<a target="_blank" href="https://www.benzinga.com/24/12/42308843/apples-bold-smart-home-vision-could-be-delayed-until-2025-as-top-analyst-predicts-display-equipped-homepod-will-reposition-product-line-just-like-apple-watch" rel="noreferrer noopener"> expected to launch in 2025</a>.
Technology
Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO&nbsp;Mark Zuckerberg&nbsp;is seeking to play an "active role" in shaping technology policies under the administration<a target="_blank" href="https://www.benzinga.com/24/12/42306998/zuckerberg-seeks-active-role-in-trumps-tech-policies-says-metas-president-of-global-affairs-while-admitting-they-overdid-it-a-bit-during-pandemic-content-crackdown" rel="noreferrer noopener"> of President-elect&nbsp;</a><a target="_blank" href="https://www.benzinga.com/24/12/42306998/zuckerberg-seeks-active-role-in-trumps-tech-policies-says-metas-president-of-global-affairs-while-admitting-they-overdid-it-a-bit-during-pandemic-content-crackdown" rel="noreferrer noopener">Donald Trump</a>.
China's&nbsp;BYD Co., Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) has quietly become a major force in&nbsp;Apple manufacturing ecosystem, now assembling more than 30% of iPads while planning an ambitious artificial <a target="_blank" href="https://www.benzinga.com/news/global/24/12/42260943/tesla-rival-byd-assembles-over-30-of-ipads-for-apple-and-plans-ai-robots-for-nvidia-how-warren-buffett-backed-firm-is-supporting-tim-cook-led-tech-empire" rel="noreferrer noopener">intelligence venture with&nbsp;</a><a target="_blank" href="https://www.benzinga.com/news/global/24/12/42260943/tesla-rival-byd-assembles-over-30-of-ipads-for-apple-and-plans-ai-robots-for-nvidia-how-warren-buffett-backed-firm-is-supporting-tim-cook-led-tech-empire" rel="noreferrer noopener">Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).</a>
Read: <a target="_blank" href="https://www.benzinga.com/24/12/42260222/how-nvidia-ceos-clever-but-nerdy-pick-up-line-turned-a-homework-proposal-into-marriage-while-building-338-trillion-ai-chip-giant-along-the-way" rel="noreferrer noopener">How Nvidia CEO Jensen Huang&#8217;s Clever Pick-Up Line Turned A Homework Proposal Into Marriage While Building $3.38 Trillion AI Chip Giant Along The Way</a>
Alphabet Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google&nbsp;introduced its&nbsp;Veo&nbsp;video generator to select Cloud customers. &nbsp;The AI model, capable of creating short video clips from images and prompts, is now available in private preview on&nbsp;<a target="_blank" href="https://www.benzinga.com/24/12/42307366/googles-veo-video-generator-arrives-on-cloud-how-quora-and-mondelez-are-using-ai-for-creative-content" rel="noreferrer noopener">Vertex AI</a><a target="_blank" href="https://www.benzinga.com/24/12/42307366/googles-veo-video-generator-arrives-on-cloud-how-quora-and-mondelez-are-using-ai-for-creative-content" rel="noreferrer noopener">, Google's AI development platform</a>.
Elon Musk&#8217;s SpaceX has completed its first&nbsp;Starlink&nbsp;satellite constellation&nbsp;aimed at direct-to-cell phone connectivity, <a target="_blank" href="https://www.benzinga.com/general/space/24/12/42333605/elon-musks-spacex-completes-first-starlink-satellite-constellation-for-cell-phones" rel="noreferrer noopener">making the service fully operational</a>.
Artificial Intelligence (AI)
ChatGPT-parent&nbsp;OpenAI&nbsp;is setting a target to&nbsp;reach 1 billion users&nbsp;by 2025, driven by new AI products, a key partnership with&nbsp;Apple, and <a target="_blank" href="https://www.benzinga.com/media/24/12/42259023/apple-partnership-ai-agents-and-major-infrastructure-investments-openai-executives-outline-strategy-to-attract-1b-users-by-2025" rel="noreferrer noopener">significant infrastructure investments</a>.
OpenAI&nbsp;CEO&nbsp;Sam Altman&nbsp;announced a special event <a target="_blank" href="https://www.benzinga.com/tech/24/12/42332451/sam-altman-teases-12-days-of-openai-christmas-magic-users-predict-unveiling-of-sora-o1-reasoning-model-and-more" rel="noreferrer noopener">titled "12 Days of OpenAI."</a>
Read: <a target="_blank" href="https://www.benzinga.com/24/12/42256614/trumps-ai-czar-plans-alibabas-new-model-cathie-wood-on-tesla-ai-and-musks-combat-transformation-this-week-in-artificial-intelligence" rel="noreferrer noopener">Trump&#8217;s AI Czar Plans, Alibaba&#8217;s New Model, Cathie Wood On Tesla AI, And Musk&#8217;s Combat Transformation: This Week In Artificial Intelligence</a>
OpenAI&nbsp;CEO&nbsp;Sam Altman&nbsp;has downplayed concerns about former friend and now rival&nbsp;Elon Musk&#8217;s&nbsp;political ties with President-elect&nbsp;Donald Trump&nbsp;but acknowledged <a target="_blank" href="https://www.benzinga.com/24/12/42334927/sam-altman-brushes-off-elon-musks-trump-ties-but-admits-xai-is-a-serious-threat-to-openai-i-may-turn-out-to-be-wrong-but" rel="noreferrer noopener">that xAI is a formidable competitor</a>.
Read: <a target="_blank" href="https://www.benzinga.com/24/12/42259228/are-large-language-models-digital-gods-or-mere-imitators-tesla-advocate-pierre-ferragu-shares-his-thoughts" rel="noreferrer noopener">Are ChatGPT Like LLMS &#8216;Digital Gods&#8217; Or Just &#8216;Imitating Monkeys&#8217; — Investor In Elon Musk&#8217;s Grok Shares His Thoughts</a>
Misinformation expert&nbsp;Jeff Hancock&nbsp;confessed to utilizing&nbsp;OpenAI&#8217;s ChatGPT&nbsp;for organizing citations in a legal document, with hallucinations calling into <a target="_blank" href="https://www.benzinga.com/tech/24/12/42336438/misinformation-expert-admits-using-chatgpt-to-file-affidavit-on-misinformation-says-openais-chatbot-added-the-fake-details" rel="noreferrer noopener">question the integrity of the filing itself</a>.

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AMZN

GOOG

Sony Group Corporation American Depositary Shares

SONY

Consumer Tech News (Dec 2-Dec 6): FBI Advises To Adopt Encrypted Messaging Apps, Elon Musk Completed First Starlink Satellite Constellation & More

In the <a href="https://www.benzinga.com/electric-vehicles">electric vehicle (EV) battle</a>, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and BYD Co Ltd (OTCPK: BYDDF) (OTCPK: BYDDY) are two titans vying for dominance. Tesla dominates the premium EV space with its technological prowess and global brand appeal, while BYD, a Chinese heavyweight, is reshaping the mid-tier and budget markets with its diversified lineup and affordability.
With Tesla riding a wave of bullish momentum and BYD facing near-term headwinds, how do these EV giants stack up against each other in the battle for supremacy?
<h1 class="wp-block-heading">Tesla vs. BYD: The Innovation Race</h1>
Tesla is known for its innovation and global leadership in the premium EV market. CEO Elon Musk's company continues to expand its production capacity and maintain a commanding presence, particularly in North America and Europe.
Meanwhile, BYD, often referred to as Tesla's Chinese counterpart, benefits from strong government backing and a broader product range, including electric buses and plug-in hybrids. 
While Tesla emphasizes a technology-first strategy, BYD's competitive edge lies in affordability and its deep integration into China's robust green energy ecosystem.
<h1 class="wp-block-heading">Tesla Stock&#8217;s Bullish Surge: A Market Leader On The Move</h1>
Tesla stock is charging forward, fueled by both solid fundamentals and strong technicals. Over the past year, Tesla stock has surged by 51.58%, a staggering 102.56% over the past six months, and 47.05% over the past month.
This growth isn't just a fluke; it's supported by Tesla&#8217;s dominant position in the EV market, its continual innovation, and an expanding global presence.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent120324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="628" height="490" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03094048/Screenshot-2024-12-03-at-8.09.55-PM.png" alt="" class="wp-image-674657" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03094048/Screenshot-2024-12-03-at-8.09.55-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03094048/Screenshot-2024-12-03-at-8.09.55-PM-300x234.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent120324&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
From a technical standpoint, TSLA stock is in clear bullish territory, with the stock price comfortably above its five-, 20- and 50-day EMA (exponential moving averages). The current trend points to continued upside, with key indicators such as the eight-day SMA (simple moving average) ($344.68), 20-day SMA ($329.15) and 50-day SMA ($277.09) signaling strong momentum.
Even the 200-day SMA ($216.38) is supporting a bullish outlook, solidifying Tesla's position as a market leader.
Read Also: <a href="https://www.benzinga.com/24/12/42285783/tesla-bear-craig-irwin-turns-bullish-increases-price-target-from-85-to-380">Tesla Bear Craig Irwin Turns Bullish On EV Giant, Increases Price Target By 347%: &#8216;There Are Abundant Positive Catalysts&#8217;</a>
<h1 class="wp-block-heading">BYD's Stock Struggles: Is A Rebound In The Cards?</h1>
On the flip side, BYD has had a more challenging few months. The stock has dropped by 8.65% in the last month, despite a 25.79% gain over the past year. 
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent120324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="628" height="490" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03094105/Screenshot-2024-12-03-at-8.10.28-PM.png" alt="" class="wp-image-674658" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03094105/Screenshot-2024-12-03-at-8.10.28-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03094105/Screenshot-2024-12-03-at-8.10.28-PM-300x234.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent120324&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
Technically, BYD is in bearish territory, with the stock trading below its five, 20 and 50-day EMA. However, there's some buying pressure building, particularly with the eight-day SMA ($33.42) signaling a bullish shift. There&#8217;s buying pressure from near-term levels suggesting potential for recovery.
With BYD's plans to ramp up exports and enter new markets, the company is positioning itself to challenge Tesla on a broader scale. BYD remains a formidable player in the global EV market, with strong backing from China's green energy initiatives. Investors will be keeping a close eye on whether the company can regain its momentum and spark a reversal.
Tesla's premium play and BYD's mass-market focus paint a compelling picture of the EV landscape. While Tesla leads in innovation, BYD's affordability could make it a formidable contender in the long run. The EV battle between these two is just heating up — who will win the race?
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/global/24/12/42284511/tesla-china-sees-robust-demand-in-q4-with-registrations-up-14-2-yoy-so-far-expert-says-ev-giant-on-track-for-best-quarter-ever">Tesla China Sees Robust Demand In Q4, With Registrations Up 14.2% YoY So Far: Expert Says EV Giant On Track For &#8216;Best Quarter Ever&#8217;</a></li>
</ul>
Photo: Tesla, courtesy Tesla Inc; BYD via Shutterstock

Long Ideas

Tesla Vs. BYD: The EV Duel Heats Up

China&#8217;s 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>), Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) biggest electric vehicle rival, has quietly become a major force in Apple Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) manufacturing ecosystem, now assembling more than 30% of iPads while planning an ambitious artificial intelligence venture with Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
What Happened: The Shenzhen-based company, which <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">surpassed Tesla in quarterly revenue</a> for the first time with $28 billion versus Tesla&#8217;s $25 billion in the third quarter of 2024, has dedicated approximately 100,000 employees to Apple&#8217;s supply chain, <a href="https://www.wsj.com/tech/building-apple-products-has-become-a-side-hustle-for-chinas-biggest-ev-maker-f26e251c?ref=biztoc.com">reported</a> The Wall Street Journal.
This partnership, which began around 2009, has evolved from basic component processing to crucial assembly operations.
Apple CEO Tim Cook acknowledged the significance of Chinese manufacturers during his November Beijing visit, his third this year, stating, &#8220;We could not do what we do without them.&#8221; The relationship has deepened despite U.S. efforts to reduce dependency on Chinese manufacturing.
Beyond iPad assembly, BYD has secured critical roles in iPhone production, including manufacturing titanium frames for the latest Pro models. 
The company&#8217;s precision manufacturing capabilities extend to both automotive and consumer electronics, with BYD Chairman Wang Chuanfu leveraging this dual expertise to forge partnerships with other tech giants like Xiaomi and Huawei.
See Also: <a href="https://www.benzinga.com/media/24/12/42259023/apple-partnership-ai-agents-and-major-infrastructure-investments-openai-executives-outline-strategy-to-attract-1b-users-by-2025">Apple Partnership, AI Agents, And Major Infrastructure Investments: OpenAI Executives Outline Strategy To Attract 1B Users By 2025</a>
Why It Matters: The company&#8217;s automotive division continues to show strong growth, with November 2024 sales reaching 506,804 new energy vehicles, <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">a 68% year-over-year increase</a>. This success in both sectors has positioned BYD for its next venture: developing AI-powered manufacturing robots in collaboration with Nvidia.
Previously undisclosed details reveal that BYD and Apple&#8217;s <a href="https://www.benzinga.com/news/24/10/41372383/apple-had-a-hush-hush-relationship-with-teslas-chinese-rival-byd-for-now-abandoned-car-plans-cuperti">relationship included a secretive partnership</a> starting in 2017 to develop long-range electric vehicle batteries, though Apple has since abandoned its automotive ambitions. The collaboration influenced BYD&#8217;s current Blade battery system, now used across its entire vehicle lineup.
Warren Buffett&#8216;s Berkshire Hathaway, an early BYD investor since 2008, has witnessed the company&#8217;s transformation from a battery manufacturer to a <a href="https://www.benzinga.com/news/24/10/41372383/apple-had-a-hush-hush-relationship-with-teslas-chinese-rival-byd-for-now-abandoned-car-plans-cuperti">global technology powerhouse</a> straddling both the automotive and consumer electronics sectors.
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Image Via Shuttesrtock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

BYD Surpassed Tesla In Quarterly Revenue For The First Time In Q3. It Assembles Over 30% Of iPads For Apple, And Is Now Planning To Build AI Robots For Nvidia

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>) said on Sunday that the company sold 506,804 new energy passenger vehicles in November, marking a jump of nearly 68% from last year, thanks to a major jump in plug-in hybrid passenger vehicle sales.
What Happened:&nbsp;Pure passenger EV (battery electric vehicle) sales of the Chinese player rose to 198,065 in November, marking a rise of 16.4% from the corresponding month of last year.
Plug-in hybrid passenger vehicle sales in the period rose 133% to 305,938 units.
The company also sold 2,801 commercial vehicles in November, including 449 buses.
Why It Matters: BYD is the biggest rival to American EV giant Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). The company <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> as the world&#8217;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&#8217;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 ($28.25 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's&nbsp;EV giant in quarterly revenue. BYD stopped making combustion engine vehicles in March 2022 to focus on electric vehicles.<a href="https://www.benzinga.com/quote/tsla" target="_blank" rel="noreferrer noopener"></a>
Despite reporting higher revenue than Tesla in the third quarter, BYD'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's net income of $2.167 billion</a>. The company reported a diluted earnings per share of 4 yuan (56 cents) for the quarter, lower than Tesla's adjusted earnings per share of 72 cents. Tesla, however, makes only battery electric vehicles, unlike BYD which also manufactures plug-in hybrids. 
BYD Executive Vice President&nbsp;He Zhiqi&nbsp;<a href="https://www.benzinga.com/news/24/11/41706373/tesla-rival-byd-hired-over-200k-employees-in-3-months-to-speed-up-ev-production">said on Weibo</a> in November that the company hired over 200,000 people from August to October&nbsp;for car and components manufacturing and increased production by nearly 200,000 vehicles.
In November alone, the company made 540,588 new energy vehicles as compared to 316,510 in the corresponding month of 2023. 
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>
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Photo courtesy: Shutterstock

Tesla Rival BYD Marks 68% Growth In November Sales Driven By Popularity Of Plug-In Hybrid EVs

Amid rising tensions over trade policies, Mexico faces a dilemma regarding a potential investment from Chinese electric vehicle manufacturer&nbsp;BYD (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>). This comes as President-elect&nbsp;Donald Trump&nbsp;<a href="https://www.benzinga.com/24/11/42178994/trump-says-he-will-impose-25-tariffs-on-canada-mexico-on-first-day-of-office-and-extra-tariffs-on-china-until-they-pay-attention">plans&nbsp;to impose a 25%</a> tariff&nbsp;on Mexican goods, raising concerns about the implications of hosting a Chinese EV factory.
What Happened: BYD is in the final stages of planning a new factory in Mexico. The company is negotiating with Mexican state officials to establish the&nbsp;factory near one of the&nbsp;country&#8217;s&nbsp;automotive hubs in central or&nbsp;northern Mexico. However, Trump&#8217;s tariff threats have complicated these plans. 
Mexico, a significant car manufacturing hub, typically welcomes foreign investment for job creation. Yet, officials are wary that a BYD plant might signal to Trump that Mexico is facilitating Chinese companies&#8217; access to the U.S. market, Wall Street Journal <a href="https://www.wsj.com/business/autos/mexico-gets-cold-feet-over-new-chinese-ev-plant-after-trump-win-3b92f1c3">reported</a> on Tuesday.
"At this time, investments from China have to be analyzed with extreme caution," said Eduardo Solís, the former president of the Mexican Association of the Automotive Industry.
"Mexico has to present itself with a business card that says: reliable partner of North America."
See Also:&nbsp;<a href="https://www.benzinga.com/trading-ideas/movers/24/11/42119433/sharkninja-a-china-hustle-based-on-rampant-looting-short-report?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">SharkNinja A &#8216;China Hustle Based On Rampant Looting&#8217;: Short Report</a>
Trump&#8217;s tariff threat is part of broader issues, including immigration and fentanyl smuggling. Mexico is working to assure the U.S. and Canada that it is not a conduit for Chinese goods as talks on the U.S.-Mexico-Canada Agreement are set to begin next year. Eduardo Solís, a former leader of Mexico's automotive industry association, emphasized the need for caution with Chinese investments, stating Mexico must present itself as a reliable North American partner.
Why It Matters: BYD&nbsp;had previously <a href="https://www.benzinga.com/markets/equities/24/09/40693961/chinas-ev-giant-byd-reportedly-delays-mexico-move-eyes-us-election-results-before-big-investment">delayed its investment</a> in Mexico, awaiting the outcome of the U.S. election. The company aims to sell 100,000 electric vehicles in Mexico by 2025, despite potential tariff challenges.&nbsp;BYD&nbsp;plans to reveal the location of its first Mexican factory by <a href="https://www.benzinga.com/news/24/10/41246093/byd-targets-100k-ev-sales-in-mexico-by-2025-as-trump-vows-200-tariffs-on-chinese-made-cars-in-north">the end of the year</a>, with an initial production capacity of 150,000 vehicles.
Trump&#8217;s proposed tariffs are part of a broader strategy to address border issues and drug smuggling, with additional tariffs on Chinese imports until these issues are resolved. 
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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

Amid Trump's Plans To Impose 25% Tariffs, Mexico Fears BYD New Factory In Country Would Send Wrong Message: 'Investments From China Have To Be Analyzed With Extreme Caution'

Chinese EV giant BYD Co Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) has made nearly a million new energy vehicles in less than two months, the company said in a post on social media X on Monday.
What Happened: &#8220;BYD celebrated its 30th anniversary with the roll-off of its 10 millionth NEV, marking a significant milestone in sustainable automotive innovation,&#8221; the company wrote. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">BYD celebrated its 30th anniversary with the roll-off of its 10 millionth NEV, marking a significant milestone in sustainable automotive innovation. Chairman and President Mr. Wang Chuanfu reflected on BYD&#39;s journey and commitment to technological advancement, emphasizing its… <a href="https://t.co/4PvXF8Tare">pic.twitter.com/4PvXF8Tare</a>
&mdash; BYD (@BYDCompany) <a href="https://twitter.com/BYDCompany/status/1858653768256286910?ref_src=twsrc%5Etfw">November 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
NEV or new energy vehicles refers to both battery electric vehicles and plug-in hybrid vehicles. 
BYD made its <a href="https://www.benzinga.com/news/24/09/41043074/byd-makes-a-red-yangwang-u9-supercar-for-its-9-millionth-new-energy-vehicle">nine millionth NEV</a> &#8211; a red Yangwang U9 &#8211; in late September, implying that the company made nearly a million vehicles in less than two months.
BYD Executive Vice President&nbsp;He Zhiqi&nbsp;said on Weibo earlier this month that the company hired over 200,000 people from August to October&nbsp;for car and components manufacturing and increased production by nearly 200,000 vehicles.
According to BYD, the company made over 1.3 million NEVs in the three months from August to October, compared to nearly 900,000 units that it manufactured in the corresponding period of last year.
Why It Matters: For the third quarter between July and September, BYD&#8217;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 ($28.25 billion)</a>, the company said in a filing late last month.
BYD's American rival&nbsp;Tesla Inc.&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's&nbsp;EV giant in quarterly revenue. BYD stopped making combustion engine vehicles in March 2022 to focus on electric vehicles.<a href="https://www.benzinga.com/quote/tsla" target="_blank" rel="noreferrer noopener"></a>
Despite reporting higher revenue than Tesla in the third quarter, BYD'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">Tesla's net income of $2.167 billion</a>. The company reported a diluted earnings per share of 4 yuan (56 cents) for the quarter, lower than Tesla's adjusted earnings per share of 72 cents.
BYD has sold over 3.25 million vehicles since the start of this year as of the end of October, marking a growth of about 36% from the corresponding period last year. In October alone, the company sold over half a million vehicles, marking a jump of about 36% from October 2023.
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>
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Photo courtesy: Shutterstock

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