$BYD

BYD reported record August sales of 440,293 new-energy vehicles, up 18% YoY, driven by a 134% surge in overseas sales. Domestic sales fell 14%. Battery-electric vehicles accounted for 59% of passenger sales. BYD aims to sell 2.5M vehicles overseas in 2027, up from 1.9M-2M targeted for 2026. Investors reacted cautiously to mixed domestic and export trends.

Boyd Gaming Corp's stock hit a 52-week low of $74.74, down 10.01% over the past year. Despite a P/E ratio of 3.23 and being listed as undervalued, the company faces market pressures. Q2 earnings beat estimates with adjusted EPS of $1.93, but revenue of $1.03B missed forecasts. Mizuho raised its price target to $104, while Stifel set a $92 target with a Hold rating.

BYD plans to build four factories in Europe, including three vehicle assembly plants and one battery factory, to boost EV production and comply with local regulations. The company aims to meet rising demand and adhere to EU rules, with discussions ongoing in France, Spain, and Italy. BYD's stock is trading at $75.60, undervalued by 17.4% according to its GF Value™ of $91.55, with a GF Score™ of 89/100. Insider activity shows significant selling.

BYD, China's largest EV maker, is searching Europe for existing factories to refurbish and accelerate production ahead of EU local content rules. Spain and France are top options. BYD aims to have three assembly plants and one battery plant in Europe. Rival Chinese automakers are also scouting European sites, with deals already struck in Spain and France.

BYD's 7-seat Ti7 plug-in hybrid SUV is nearing its South African launch, with local dealers teasing the vehicle on social media. The model, which debuted in the UK, offers up to 200km of electric range and is powered by a plug-in hybrid powertrain. Pre-orders are open, but pricing and final availability details are yet to be confirmed by BYD South Africa.

BYD unveiled the Denza N8L EV, a luxury all-electric SUV with a 960 km range (CLTC) and 130-kWh Blade battery. Prices start at 39,000 euros in China. The vehicle features flash charging and advanced tech, but European availability is uncertain. BYD is positioning Denza as a premium brand.

The EU is reportedly asking China to limit hybrid car exports to 15% of the EU market, as Chinese automakers like BYD, Geely, and Chery set export records. Chinese hybrids took 9.8% of the EU market in H1 2026, with BYD overtaking Tesla in registrations. The EU's request comes amid falling domestic sales in China and rising exports, with BYD and Geely reporting significant export growth. The EU's potential tariffs and trade measures could impact these automakers' market share and revenue.

BYD, a Chinese electric vehicle manufacturer, plans to expand production in Europe to avoid tariffs. The company aims to locally produce all trucks it sells in Europe, starting with a heavy-duty truck launch next year. According to Stella Li, BYD's deputy managing director, this strategy is to circumvent EU countervailing duties on Chinese electric cars and trucks. BYD's investment in Hungary is supported by local political figures, indicating a broader European industrial presence.

BYD is recalling 32,000 Shark 6 plug-in hybrid utes in Australia due to a safety issue with the spare wheel support cable. The company will replace the assembly at no cost, and affected owners will be notified. The recall follows a drop in sales due to tax changes.

Canadian analysts updated ratings and price targets for various companies. Enbridge (ENB) and TC Energy (TRP) received upgrades, while Evertz Technologies (ET) saw multiple target reductions. Notable changes include BCE (BCE) upgraded to BUY, Canfor (CFP) raised to STRONG BUY, and West Fraser (WFG) target increased. Several new coverages were initiated, including for Calian Group (CGY) and Skeena Resources (SKE).