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Byd company limited's financial insurance performance report for the first three quarters: average vehicle premium has dropped to 4700 yuan, single-quarter premium surged by nearly 0.5 billion but still difficult to make profit.
①BYD Company Limited's insurance business achieved insurance business revenue of 0.478 billion yuan in the third quarter, a staggering increase of 611.09% compared to the previous quarter; ②In the third quarter, BYD Company Limited's insurance business incurred a net loss of 0.106 billion yuan, a shift from profit to loss compared to the second quarter; ③In the first three quarters of 2024, BYD Company Limited's average vehicle insurance premium reached 4700 yuan, a decrease of 200 yuan compared to the previous period.
Is there another 'wolf' entering the car insurance market? Following BYD Property Insurance, this Japanese-funded property insurance company has also been approved to enter the market, with shareholders including Toyota Motor behind the group.
①AI and Friese Day Same Wealth Insurance (China) Limited has been approved to change its business scope. The main newly added business scope is motor vehicle insurance, including compulsory motor vehicle traffic accident liability insurance and commercial motor vehicle insurance. ②AI and Friese Day Same Wealth Insurance (China) Limited is a core enterprise of the MS&AD Insurance Group. And Toyota Motor is one of the main shareholders of the MS&AD Insurance Group.
Geely is tougher than byd company limited.
Another hybrid model.
Year-end "sprint run": The automotive market is witnessing a resurgence of "price wars", with 70,000-level discounts becoming the norm.
①Zhi Ji Autos' latest announced purchase rights: From now until November 30th, Zhi Ji Autos' entire range of new and old car owners will share a total purchase subsidy value of 1.1 billion. ②A salesperson at a Huawei store told Caixin reporters that Hongmeng Intelligent Travel's November policies have been adjusted compared to October.
On the eve of the "historical" financial report, byd company limited sees a mass exodus of short sellers.
Data shows that the short-selling ratio of BYD Company Limited's Hong Kong stocks decreased from 7.7% earlier this year to 0.9% last Friday, close to the lowest level since July 2022. Currently, the market expects BYD's third-quarter revenue to be 204.8 billion yuan, aiming to achieve a historic high and surpass tesla.
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