BYD Executive Vice President Stella Li said BYD has not been told to stop using any Nvidia products. Li declined to expand on what the plan was if its supply is cut off, but highlighted BYD's focus on developing in-house tech.
About a year ago, BYD passed Tesla as the world's largest electric vehicle (EV) company.
Warren Buffett's Berkshire Hathaway has sold its entire holding in Chinese electric vehicle maker BYD Co (HKG:1211, LSE:0HKY, OTCQX:BYDDY) after a 17-year investment estimate to have made the business over $4b billion. Berkshire first invested in BYD in 2008, buying a 10% stake for $230 million.
When Javier Hernandez went car shopping in Barcelona, he ended up choosing a plug-in hybrid by China's BYD - swayed by a price nearly 10,000 euros cheaper than European rivals.
Warren Buffett's Berkshire Hathaway has fully exited Chinese automaker BYD , a filing showed, ending a 17-year investment that grew over 20-fold in value in that period.
Earlier this decade, Chinese electric vehicle (EV) maker BYD (BYDDY 0.28%) (BYDD.F 0.03%) was facing a problem. It wanted to become a major exporter of its wares, but at the time, the shipping industry was in disarray largely because of the pandemic.
BYD remains a Buy despite recent stock declines, supported by strong long-term growth prospects and government energy storage initiatives. Short-term risks include China's sluggish consumer spending, ongoing price wars among automakers, and supplier payment concerns, but BYD is well-positioned to survive industry consolidation. BYD's diversification into energy storage and batteries offers a buffer against auto industry cyclicality, with government policies providing additional tailwinds.
September usually isn't a great month to buy stocks. It's historically the worst-performing month of the year due to a wide range of factors -- including new bond issuances pulling investors away from equities, portfolio readjustments after the summer, and behavioral biases.
BYD is shifting focus from pure volume to higher margins through technology, premium brands, and global local production to offset China price wars. Vertical integration, modular platforms, and in-house silicon carbide production give BYD a cost and speed advantage over competitors, supporting margin recovery. Despite Q2 margin pressure, international expansion and superior working capital management position BYD for improved profitability in 2025 and beyond.
BYD has slashed its sales target for this year by as much as 16% to 4.6 million vehicles, two people with knowledge of the matter said, as the Chinese EV giant faces its slowest annual growth in five years and other signs that its era of record-setting expansion could be drawing to a close.
Hong Kong-listed shares of BYD fell more than 6% after the Tesla rival reported a quarterly profit drop amid a price war in its domestic industry.
As the market hovers near its all-time highs, it's tempting to sit on your cash and wait for a downturn before buying more stocks. That might be the prudent move, but there are still plenty of stocks trading at a discount to the broader indexes and their industry peers.