Investment Review day 15 of 50: BYD $BYDDY
BYD is a Chinese electric vehicle (EV) manufacturer that has made incredible strides in the global market. The company’s focus on battery-powered electric vehicles (BEVs) and plug-in hybrid models has led to impressive success. In the last quarter of 2023, BYD achieved the remarkable feat of outselling Tesla $TSLA to become the world’s largest EV company.
BYD’s rise to the top has been remarkable. With a year-over-year growth rate of 60% in the fourth quarter, they tripled Tesla’s growth over the same period. The company offers a compelling and popular range of EVs, with several models dominating the top spots in China’s sales charts. BYD’s success doesn’t just stop on its home turf; they boast a rapidly expanding global presence in over 70 countries. This, along with industry-leading gross margins and overall profitability, distinguishes BYD as a market force.
Although some risks are associated with investing in China-based companies, BYD’s remarkable sales results and financial strength make it a highly attractive option for EV investors. In common with my other China investments, my June 2021 BYD stock holding is down, but at least only a single digit percentage!
Have you made any successful investments in China? Which other companies should I consider for my own portfolio?
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I’m putting my holdings under the microscope. Over the next 50 days I’ll break down my whole investment portfolio. Wins, losses, and the ‘why’ behind it all. And on day 50 I’m going to share the full portfolio! Follow me and let’s learn together! #StockAnalysis #50daychallenge #BEV #autonomousvehicles #battery
