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

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

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

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

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

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

BYD $71.70 Get BYD alerts: It's also important to put into context that Berkshire's 6.9% stake in BYD is nearly double its stake in one of its other prominent automotive stocks, General Motors Co. NYSE: GM. And there's no indication that Buffett has increased his stake in GM. Buffett Reflects on Charlie Munger's Influence on BYD Investment As Buffett's decision to buy homebuilder stocks in 2023 showed, Buffett is known for looking ahead. That makes this decision more curious as it's more likely a case of Bu ...

Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 4, 2024. The conglomerate first bought about 225 million shares of Shenzhen-based BYD in 2008 for about $230 million. The bet turned out to be extremely lucrative as the EV market saw explosive growth in China and elsewhere. Warren Buffett's conglomerate has sold an additional 1.3 million Hong Kong-listed shares of BYD for $39.8 million, according to a filing to the Hong Kong Stock Exchange. The sale r ...

A few years back the Israeli government lowered the automotive sales tax, which can run as high as 50% on internal combustion engine (ICE) models, to 10% for BEVs in an effort to stimulate sales of emission-free models. Consumers responded instantly, flocking to vehicles such as BYD's Attos 3 crossover, Geely's Geometry C and Tesla models. Western test market A word of caution: BYD and other vehicles built in China are advanced from a connectivity perspective, which means that they have numerous cameras and ...

That said, there has been some intriguing commentary made from Chinese EV makers in recent interviews today. The Secretary General of the China Passenger Car Association (CPCA) recently noted that the country's largest players (such as BYD and Nio) have plans to continue investing in Europe. This comes amid news that the European Union appears to be considering tariffs on Chinese-made cars due to dumping concerns. BYD, NIO Stock Could See Heightened Volatility For companies like Nio that are focusing on Wes ...