Trading BYD CFD with $50
BYD
BYD
$407.880
Key Data
Previous Close
411.68
Open
410.5
Day’s Range
400.1-411.68
Contracts specifications
Contract Size
1
Leverage
1x- 10x
Minimum Volume per Trade
60000
Trading Hours
OFF
Company Profile
Headquarters
Shenzhen, China
CEO
Wang Chuanfu
Market Cap
628.098 billion HKD
Number of employees
631500
TTM Revenue
578.65 billion CNY (as of September 30, 2023)
Gross Margin TTM
0.1943
Operating Margin TTM
0.0519
Total Assets
623.283 billion CNY
Founded in 1995 and headquartered in Shenzhen, China, BYD Company Limited is a leading Chinese multinational conglomerate with a strong focus on electric vehicles (EVs), rechargeable batteries, and renewable energy solutions. BYD, which stands for "Build Your Dreams," has grown into one of the world's largest and most diversified clean energy companies, with a presence in automotive, energy storage, electric buses, and solar power. BYD's success is deeply rooted in its commitment to sustainability and technological innovation. The company gained international recognition for its early investments in electric vehicles and the development of electric batteries. BYD's electric cars, buses, and trucks have contributed to the global transition towards cleaner transportation alternatives. The company is known for vertically integrating its supply chain, producing key components like batteries and electric motors in-house. As a major player in the automotive and energy sectors, BYD operates in a highly competitive and rapidly evolving industry. The company's business model includes manufacturing and selling electric vehicles, batteries, and renewable energy solutions. BYD's electric buses, in particular, have gained popularity in various cities globally, contributing to efforts to reduce air pollution and carbon emissions. Since its founding, BYD has experienced notable growth, expanding its product offerings and diversifying its business lines. The company's financial performance is influenced by factors such as government policies promoting clean energy, consumer adoption of electric vehicles, and global trends towards sustainability. BYD's international presence has been bolstered by partnerships with companies and governments worldwide, further solidifying its position in the clean energy market. As BYD navigates the complexities of the automotive and renewable energy industries, its strategic initiatives, including advancements in battery technology, expansion of its electric vehicle lineup, and investments in new energy solutions, highlight its commitment to staying at the forefront of the clean energy revolution. With Wang Chuanfu serving as the founder and chairman, BYD continues to play a significant role in shaping the future of transportation and contributing to the global transition towards a more sustainable and environmentally friendly energy landscape.
Financials
Trading Signals

is Pivot(371.47)

Trade Strategyas long as 371.46 is support look for 475.79

Alternative Strategybelow 371.46, expect 337.44 and 317.18.

Commentsthe RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (419.17) but above its 50 period moving average (394.08).

supports and Resistances

371.47

337.44

317.18

412.00 (Last)

454.79

475.79

496.79

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