I continue to award a 'Buy' to BYD Electronic, in view of the auto segment's growth potential and the synergies pertaining to its manufacturing plant purchase. BYD Electronic's automotive segment is projected to grow significantly by riding on the coattails of its parent. The company's smartphone business is set to benefit from the integration of Jabil's acquired assets, with the opportunity to enhance margins and expand product sales.
BYDDY plans to complete its $1 billion plant in Indonesia by the end of 2025 with vehicle production to commence shortly after construction is completed.
China's top electric vehicle maker BYD aims to complete its $1 billion plant in Indonesia at the end of 2025, the head of its local unit said on Monday.
BYDDY partners with Grab to provide Grab driver partners access to up to 50,000 BYD EVs across Southeast Asia.
Global EV sales soar 25% to 17.1 million units in 2024. With gasoline car sales in long-term decline, the transition to EVs is becoming the new norm.
BYD will launch its new Atto 2 compact SUV in Europe in February, the Chinese EV giant said on Friday, adding to competition in Europe's electric car market.
Electric vehicle company BYD Co BYDDF BYDDY is launching the first electric vehicle to come with a starting price under $30,000 in Australia, a move that could boost the country's electric vehicle market.
Chinese carmaker BYD said on Wednesday that a third roll-on/roll-off ship carrying close to 5,000 new energy vehicles bound for Europe has set sail.
Electric vehicle producer BYD brought hundreds of Chinese workers on irregular visas to build a factory in Brazil, a key labor inspector told Reuters on Tuesday, adding the company has pledged to comply with local labor laws for the workers remaining in the country.
BYD remains a compelling investment due to its double digit sales growth, focus on competitive pricing, and strong profit margins, partly aided by the recent market pullback. The same has been observed in the management's decision to "asked a supplier to cut its prices by 10%," with it allowing its offerings to remain highly competitive. Even so, BYD faces near-term uncertainties from the potential subsidy cuts and sluggish macroeconomic growth, worsened by the mixed geopolitical sentiments.
BYD Company saw a healthy price rise in 2024, which was directly in contrast with the weakness seen in the EV sector as such. Strong fundamentals explain the increase, like its robust sales performance, and double digit growth in revenues and earnings. While there can be challenges ahead owing to a lacklustre Chinese consumer economy and international tariffs, there are reasons to be hopeful too.
Chinese automaker BYD Co. (1211.HK, BYDDF) has shattered its 2024 sales targets, delivering 4.27 million electric vehicles — a 41.3% leap from 2023. The company also hit a monthly sales record in December, posting 514,809 units sold.