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Technology Stocks : "NIO, XPEV, LI, BYD.. China's Quads -- Ignore unavailable to you. Want to Upgrade?


To: kidl who wrote (2273)1/4/2024 1:13:04 AM
From: roto  Respond to of 2786
 
Short sellers target BYD, the world’s top EV maker, as rivalry intensifies

  • The put-to-call ratio based on total open interest rose, reflecting growing pessimism among options traders, despite BYD delivering more EVs than Tesla last quarter
  • •BYD is regarded as a bellwether of the Chinese EV market – the world’s largest – and the positioning suggests mounting concerns about the sector’s prospects

Bloomberg
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Published: 12:58pm, 4 Jan, 2024

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A visitor inspects a Chinese automaker BYD Seal electric car at the 40th Thailand International Motor Expo 2023 in Bangkok, Thailand, 04 December 2023.
Photo: EPA-EFE

Bearish bets against Chinese electric vehicle maker BYD have surged to the highest since September, reflecting worries that sales growth may slow as competition intensifies.