Latest news with #BYDDF


Business Insider
05-07-2025
- Automotive
- Business Insider
BYD (BYDDF) Kicks Off EV Production at the New Brazil Plant
Chinese electric vehicle giant BYD (BYDDF) has officially kicked off production at its new Camaçari plant in Brazil. This facility, located in Bahia, marks a major milestone in its global expansion strategy. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. The plant that was built in just 15 months, rolled out its first model, the Dolphin Mini, which has become Brazil's best-selling EV with over 34,000 units sold to date. BYD plans to add a compact crossover SUV, Song Pro, and a compact sedan, King, to the production lineup in the coming weeks. With a $1 billion investment and an annual capacity of 150,000 vehicles, the facility uses smart systems to adjust production based on demand. BYD says the plant will support 20,000 jobs, both directly and through its local supply chain. BYD's Global Expansion Strategy This expansion comes as BYD continues its robust global growth. The company reported a 33% increase in global sales, reaching 2.1 million vehicles in the first half of 2025, with 464,000 units sold outside of China. Further, BYD's expansion into Brazil's EV market is a strategic move, as the country's NEV sales have surged 39% in the first five months of 2025. Apart from Brazil, the company has launched or announced facilities in Thailand, Hungary, and Turkey, part of a strategy to localize manufacturing and bypass rising tariffs in key markets. Importantly, BYD aims to sell 10 million vehicles annually by 2030, with 50% of sales coming from outside China, targeting regions like Europe and Latin America where EV demand is surging. Is BYDDF a Good Stock to Buy Now? Turning to Wall Street, analysts have a Strong Buy consensus rating on BYDDF stock based on 10 Buys assigned in the past three months. Furthermore, the average BYD stock price target of $22.89 per share implies 46.43% upside potential.


Business Insider
26-06-2025
- Automotive
- Business Insider
Why the World's Largest EV Maker, BYD, Remains Undervalued
BYD Company (BYDDF) may now be the world's top-selling EV maker, but it remains underappreciated by Western investors. According to Main Street data, BYD has delivered over 4 million vehicles in 2024. While building out a strong battery and charging ecosystem, and a vertically integrated, tech-driven business model, BYD is far more than a regional Tesla rival. Its global expansion and innovation pipeline support a bullish long-term view—I'm assigning a Buy rating. Confident Investing Starts Here: Evaluating the Chinese EV Giant Many may not realize BYD's journey began in 1995 as a rechargeable battery manufacturer. Since then, the company has evolved into a diversified powerhouse spanning electric vehicles, energy storage, mobile components, solar cells, and even monorails. Its vertically integrated structure has enabled smoother global expansion than many legacy automakers, which juggle EVs and traditional vehicles. In 2024, BYD posted impressive results, with revenue surging 29% to ¥777.1 billion and profits climbing 34% year-over-year. The balance sheet appears exceptional, with solid cash reserves that comfortably outweigh debts of ¥29.13 billion and a declining debt-to-asset ratio in recent quarters, as shown by TipRanks data. Notably, this is unlike many traditional automakers who are struggling to pivot as consumer demands and markets transition towards electric vehicles. BYD Puts Innovation at the Core of Operations In the rapidly evolving EV space, technological leadership is a clear differentiator, and BYD's Blade Battery is a standout. This lithium-iron-phosphate (LFP) battery is praised for its superior safety, longevity, and cost efficiency. Its enhanced resistance to thermal runaway, improved energy density, and lower production costs give BYD a significant edge over traditional battery designs. From an investor's perspective, this innovation translates into more competitively priced vehicles without compromising on safety or performance, key factors for converting hesitant consumers. Beyond the battery, BYD is also making strides in EV infrastructure. Its latest ultra-fast charging platform, capable of adding 400 km of range in just five minutes, directly addresses one of the biggest consumer concerns: range anxiety. Together, these advancements solidify BYD's leadership across both the vehicle and charging ecosystem. BYD's Evolving Global Strategy Despite already leading global EV sales, BYD shows no signs of slowing down. With operations in over 100 countries and new manufacturing hubs underway, the company is strategically shifting from exporting out of China to producing locally. This pivot—highlighted by a new plant in Hungary to serve Europe and a recently launched facility in Thailand to target Southeast Asia—mitigates not only tariff and regulatory risks but also aligns with shifting global preferences for regional production. While global expansion is capital-intensive, BYD is in a strong financial position, supported by disciplined management and consistently high R&D investment, often exceeding net profits. Beyond EVs, the company is expanding into high-margin verticals, including advanced driver-assistance systems, AI-integrated hardware, and semiconductors. Much like Tesla's (TSLA) ecosystem approach, BYD is quietly building out a diversified platform across clean tech and mobility, positioning itself as a long-term force in next-generation transportation and energy solutions. BYD Outlook and Valuation In a market segment often characterized by lofty valuations, BYD stands out as relatively compelling. A conservative discounted cash flow (DCF) model—using a 9.5% WACC, 2.5% terminal growth rate, and stable net margins at 6.5%—yields a fair value approximately 25% above the current share price. Even under more cautious assumptions, the downside case aligns closely with today's valuation, offering a margin of safety. While BYD's current P/E of 67 may appear elevated relative to its nearest peers such as Toyota Motor (TM) with its P/E ratio of just 7.3 and Li Auto (LI) with P/E of 24.6, the Chinese giant remains way better-valued than the likes of TSLA, which carries a P/E ratio of 177. For contrast, the consumer cyclical sector's average P/E is ~10.6. In my view, substantial revenue and earnings growth are likely to normalize this metric in the near term. Is BYD a Buy, Sell, or Hold? Wall Street shares a bullish outlook on BYD, with unanimous Buy ratings earning it a Strong Buy consensus and an average price target of $22.76, suggesting ~35% upside from current levels. Despite a 66% surge over the past year, analysts remain confident, encouraged by improving profitability, strong momentum, and solid underlying fundamentals. Risks to the Bullish BYD Thesis Despite plenty of promise looking ahead, I'd be remiss to ignore the potential risks that could temper any excitement in BYD from the market. Besides the geopolitical and economic risks I have already alluded to, margin pressure from competitors in the EV space, both domestically and globally, could lead to a race to the bottom to preserve market share. While the company has typically performed well with this strategy, a sudden drop in profits could prove costly, as expensive investments in expansion and innovation are reflected on the balance sheet. While management has done well to diversify across new markets and regions, the ongoing risk of operational execution at such a scale must not be overlooked, as any delays, intervention from regulators, or unforeseen challenges could seriously erode investor confidence. That said, the estimated EPS of $0.16 for Q2 2025 looks promising and would represent a fourth consecutive quarter of earnings beats. As the next quarterly report is scheduled for September 1st, the next few months are likely to be highly important for BYD's ongoing uptrend. Confident Execution and Innovation Drive a Compelling Buy Case In summary, I'm encouraged by BYD's confident execution at scale. A closer look reveals the company is outperforming and out-innovating many of its peers at a pivotal moment, while also proactively managing key risks. Although geopolitical uncertainties remain, the stock offers a reasonable margin of safety and substantial upside potential, even after its recent rally. For these reasons, I'm maintaining a Buy rating on BYD and will continue to monitor the company closely as it evolves over the coming weeks in preparation for its earnings report in September.


Business Insider
25-04-2025
- Automotive
- Business Insider
BYD Earnings: BYD Profit Explodes Twofold in Q1 but Revenue Miss Shocks Markets
BYD Company (BYDDF) (BYDDY) delivered a show-stopping Q1, with profit doubling year-over-year. Net income hit RMB 9.16 billion ($1.26 billion), fueled by soaring electric vehicle sales. But while the bottom line impressed, revenue fell short of lofty forecasts. Analysts expected RMB 179.66 billion ($24.78 billion), yet BYD posted RMB 170.36 billion ($23.38 billion). That miss surprised many, given the EV giant delivered in key segments. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. BYD Q1 EPS Surpasses Consensus Expectations Let's talk EPS, because that's where BYD shined brightest. The company posted earnings per share of RMB 3.12 ($0.43), easily beating the consensus forecast of $0.35. BYD's aggressive pricing strategy has been a major lever here. By keeping costs competitive while still rolling out tech-heavy models, margins held up better than many expected. That strong EPS performance marked a significant jump over last year's same-quarter results. BYD Gains Market Share with Aggressive Pricing and Tech In China, BYD continues to outpace its rivals. Domestic market share hit 13.6% in Q1, nudging past Volkswagen's 12.1%. The company's strategy of offering its advanced 'God's Eye' driver-assistance tech as standard is a big part of this play. And then there's the super-charging platform that slashes charging times. That mix of affordability and innovation has forced competitors like Geely and Toyota to rethink their smart EV pricing. But tariffs still loom large. With the U.S. maintaining a 25% duty on Chinese EV imports, and Europe probing Chinese subsidies, global expansion is far from smooth sailing. BYD, however, is pressing on, aiming to export 800,000 vehicles this year. BYD Didn't Mention any Share Repurchases this Quarter One thing missing in BYD's earnings report? Share buybacks. Despite strong profits and solid EPS growth, the company has yet to announce a fresh repurchase program. That could leave some investors hungry for more shareholder returns, especially given the market volatility surrounding Chinese EV stocks. Investors Weigh Tariff Impacts and BYD Company's Growth Path BYD's Q1 story is a tale of two halves. Earnings soared, beating expectations. But revenue missed, as trade tensions and tariffs continued to weigh. Still, BYD's dominance in China and expanding global footprint keep it firmly in the EV race. For investors, the key question is whether BYD can keep steering ahead as rivals fight back and tariff headwinds mount. Is BYDDF a Good Stock to Buy Today? Analysts remain bullish on BYDDF stock, holding a Strong Buy consensus based on 11 unanimous Buy ratings. Over the past year, BYDDF has increased by more than 95%, and the average BYDDF price target of $63.87 implies an upside potential of 24% from current levels. These analyst ratings are likely to change following BYD Company's results.
Yahoo
26-03-2025
- Automotive
- Yahoo
BYD Plans to Double Global Sales, Targets 800K Vehicles by 2025
March 26 - During the earnings call on Tuesday, BYD (BYDDF) announced that it has big plans to go global, setting a bold target to double international sales to over 800,000 vehicles by 2025. The company sees massive potential outside China and is pushing hard to make its mark. Warning! GuruFocus has detected 6 Warning Sign with BYDDF. Last year, BYD moved 417,204 vehicles overseas, and now it's eyeing even bigger numbers. The UK looks like a prime market, with buyers showing strong interest in affordable Chinese EVs. But the real growth story might be in Latin America and Southeast Asia. These regions are warming up to Chinese brands, both at the consumer level and with government support, making expansion a lot easier. While the company is striving for a higher market share, it has its eye on taking a little bit of the sting out of being dependent on China's saturated auto industry. With demand for electric vehicles increasing worldwide, BYD is positioning itself to ride the wave, betting that buyers worldwide will embrace its affordable, tech-packed vehicles. This article first appeared on GuruFocus. Sign in to access your portfolio


Globe and Mail
21-03-2025
- Automotive
- Globe and Mail
BYD Company (BYDDF) Is About to Report Q4 Earnings. Here's What to Expect
Chinese auto giant BYD Company (BYDDF) (BYDDY) is expected to announce its results for the fourth quarter of 2024. BYDDF stock has rallied 58% so far this year, thanks to its stellar deliveries despite intense competition, macro uncertainties, and tariff wars. Analysts expect the company to report earnings per share (EPS) of $0.70 in Q4 2024 on revenue of $37.58 billion. Light Up your Portfolio with Spark: Easily identify stocks' risks and opportunities. Discover stocks' market position with detailed competitor analyses. BYD's Q4 top-line growth is expected to be driven by a 61.3% year-over-year rise in Q4 2024 NEV (new energy vehicle) deliveries to 1,524,270 units. The company delivered 595,413 passenger BEVs (battery electric vehicles) in Q4 2024, reflecting a 13.1% growth. Notably, BYD outperformed rival Tesla (TSLA) in Q4 2024. The Elon Musk-led EV company delivered 495,570 vehicles globally in the fourth quarter of 2024. In an effort to further strengthen its dominance in the EV space, BYD announced a new EV battery technology that allows charging at speeds comparable to refueling a petrol car. Analysts' Views Ahead of BYD's Q4 Results BYD Company recently announced a major share placement to strengthen its capital base and support business growth. It proposed the issuance of new H-shares to raise HKD 43.5 billion to fund business growth, especially to drive international market expansion. The company considers its global expansion as a key long-term growth driver. Analysts at DBS think that the placement price of HKD 335.20 at a discount of 7.8% is not excessive. They expect some near-term pressure but remain bullish on the stock and see the pullback as a buying opportunity, given that the business is intact. Heading into the Q4 earnings, Bernstein analyst Eunice Lee raised the price target for BYDDF stock to $59.19 from $49.61 and reaffirmed a Buy rating. Likewise, CLSA analyst Xiao Fend maintained a Buy rating on BYDDF stock and increased the price target to $62.15 from $57. Is BYDDF Stock a Buy? Wall Street is highly bullish on BYD Company stock, with a Strong Buy consensus rating based on eight unanimous Buys. The average BYDDF stock price target of $56.57 implies a modest upside potential of about 5% following the strong year-to-date rally. See more BYDDF analyst ratings Disclosure Questions or Comments about the article? Write to editor@