From NASDAQ.: 2024-08-05 18:59:25

The electric vehicle (EV) industry faces tough times due to high interest rates, inflation, and a price war, impacting margins. Despite global economic uncertainty, BYDDY stock is down 20% from 52-week highs, making it a potential entry point. With a market cap of $83 billion, BYDDY delivers record numbers and offers dividends, giving investors a valuable option. Byd Company recently partnered with Uber to increase EV adoption and develop autonomous vehicles. Through this strategic move and expansion in Europe, BYDDY aims to strengthen its position in the EV sector. Analysts have given BYDDY a unanimous “Strong Buy” rating, forecasting a 31.6% premium to its current trading level.



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