Page 4 - புதியது ஆற்றல் தொழில்நுட்பம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Cars are built at a BYD assembly line in Shenzhen, China May 25, 2016. REUTERS/Bobby Yip HONG KONG(Reuters Breakingviews) - BYD has a lot of spare parts. The Chinese automaker’s $3.8 billion share sale last month tapped a craze for electric vehicles. Yet even after a 500% rally over the past year, its Hong Kong stock looks cheap next to peers. Separating electric vehicles from traditional motors, face masks, handsets and other businesses could be one way to narrow the gap. Battery-powered cars are in the fast lane. Tesla shares have nearly quintupled while those of Chinese rival Nio have shot up by more than 1,400% over the past 12 months. The mania has extended to BYD’s shares in Hong Kong and Shenzhen, albeit at a more modest pace. The enterprise now trades at around 22 times forecast 2021 EBITDA, a premium to traditional automakers but well below Tesla’s 83 times.

New yorkUnited statesHong kongCity ofUnited kingdomKatrina hamlinAmperex technologyBluepark new energy technologyReuters breakingviewsBerkshire hathaway backedFaraday futureNew energy technologyContemporary amperex technologyShare saleAsia pacificAutomobiles auto parts legacy