-- After getting a jump on competitors in the latest round of China’s electric-vehicle price war, BYD Co. now faces a key test of proving that it can withstand the impact on profits.Trump’s Economic Confidants Battle for Sway on Tax, Fed Policy
The resilience may leave the shares vulnerable to selling pressure if the results disappoint. BYD is expected to post sales growth of 10% for the seasonally slow first quarter, which would be its lowest in four years. Gross profit margin is estimated to decline to 19.6% compared with 21.2% in the fourth quarter.
The company has a target of selling 500,000 vehicles outside China this year, and then doubling that in 2025. It also plans to build its first European car factory in Hungary. Billionaire investor David Einhorn shares an overlooked theory for why gold prices have spiked so much
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