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UPDATE 1-Chinese EV giant BYD’s first-quarter profit jumps fivefold

(Adds details and context) BEIJING/SHANGHAI, April 27 (Reuters) – Chinese electric vehicle giant BYD Co. posted a fivefold jump in its first-quarter profit on Thursday as the company consolidated its leadership in the domestic market. Net profit for the first three months of the year was 4.13 billion yuan ($596.56 million), up 410.9% from 808.41… Continue reading UPDATE 1-Chinese EV giant BYD’s first-quarter profit jumps fivefold

Chinese EV giant BYD’s first-quarter profit jumps fivefold

BEIJING/SHANGHAI (Reuters) -Chinese electric vehicle giant BYD Co. posted a fivefold jump in its first-quarter profit on Thursday as the company consolidated its leadership in the domestic market. Net profit for the first three months of the year was 4.13 billion yuan ($596.56 million), up 410.9% from 808.41 million yuan a year earlier, on revenue… Continue reading Chinese EV giant BYD’s first-quarter profit jumps fivefold

Why Fisker Shares Shot Higher Today

TipRanks Down More Than 50%: Buy These 3 Beaten-Down Stocks Before They Rebound, Say Analysts Despite the early recovery seen at the start of the year, following 2022’s resolute bear, a sustained bull rally has failed to materialize since. Weighed down by an uncertain global economic backdrop and the prospect of a recession, market conditions… Continue reading Why Fisker Shares Shot Higher Today

10 Best Auto Parts Stocks to Buy Now

In this article, we will take a look at the 5 best auto parts stocks to buy now. If you want to explore similar stocks, you can also take a look at 5 Best Auto Parts Stocks to Buy Now. The auto industry is facing unprecedented challenges and changes, such as rising demand for electric… Continue reading 10 Best Auto Parts Stocks to Buy Now

BorgWarner (BWA) to Report Q1 Earnings: What’s in the Cards?

BorgWarner BWA is slated to release first-quarter 2023 results on May 4 before market open. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings per share and revenues is pegged at $1.13 and $4.19 billion, respectively. For the first quarter, the consensus estimate for BWA’s earnings per share has moved north by a cent in… Continue reading BorgWarner (BWA) to Report Q1 Earnings: What’s in the Cards?

10 Best Auto Parts Stocks to Buy Now

Adient (ADNT) Reports Next Week: Wall Street Expects Earnings Growth

Adient (ADNT) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2023. This widely-known consensus outlook gives a good sense of the company’s earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term… Continue reading Adient (ADNT) Reports Next Week: Wall Street Expects Earnings Growth

10 Best Auto Parts Stocks to Buy Now

New Phase of Key China Renewables Push Extends Beyond Deserts

(Bloomberg) — China announced a third round of solar and wind energy projects that’ll form part of President Xi Jinping’s vision of boosting the world’s largest renewable power fleet with vast developments across inland deserts and other unpopulated areas. Most Read from Bloomberg A 850-megawatt solar power project near the coast in Binzhou, Shandong, is… Continue reading New Phase of Key China Renewables Push Extends Beyond Deserts