BYD’s 66% Gain Catapults Stock to Near Trillion Yuan Market Cap

Bloomberg2022-06-29

Rally since March added over 400b yuan in market valuationInvestors bet on policy support and BYD’s resilient outputInside a BYD Co. showroom in Beijing.Photographer: Qilai Shen/BloombergBYD Co., the ...

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Comments

VAAYK
2022-06-29
VAAYK
good
Philipthean8
2022-06-29
Philipthean8
Thanks . Good luck
Victorhc88
2022-06-29
Victorhc88
Like
firefirefire
2022-06-29
firefirefire
Wow...impressive

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Analysts expect the firm to sell 1.5 million vehicles this year, doubling from 2021, with its vertically-integrated business structure giving it a lead over rivals.“BYD is the only company that has fully weathered lockdowns, chip shortages, and raw material price increases, and will be best positioned during the impending battery shortage” said Bridget McCarthy, a market research analyst at US hedge fund Snow Bull Capital Inc., adding that the fund is betting on the stock.China’s EV industry slumped during Shanghai’s lockdown -- when not even one carwas sold in the city in April and factories were forced to shut down or operate under heavy restrictions. Shares of automakers have since staged strong rebounds, as authorities unveiled a slew of stimulus measures including subsidies, higher quota for car ownership in Shanghai and Guangdong, and a possible extension of purchase tax exemption for new energy vehicles.In Hong Kong, XPeng Inc., Li Auto Inc. and Nio Inc. have surged over 70% since mid-March through Tuesday. BYD’s Hong Kong-listed shares closed at a record on Tuesday. On the mainland, Chongqing Changan Automobile Co., Guangzhou Automobile Group Co. and Great Wall Motor Co. are among top winners over the period.Vertical IntegrationWhat differentiates BYD from other automakers is its various product lineup and footprints across the supply chain. The company may supply batteries to Tesla Inc. and is becoming more directly involved in the mining of lithium, the raw material crucial for EV batteries, on hopes that it could deliver a longer-term advantage over competitors in securing upstream resources.“BYD’s manufacturing is more vertically integrated so the automaker experienced less supply chain disruptions than peers,” said Steve Man, analyst at Bloomberg Intelligence. Expanded battery capacity and refreshed lineups have allowed monthly production and sales to hit new records, he added.Of the 34 analyst recommendations compiled by Bloomberg, 29 are buys, four are holds and with one sell. 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Good luck&nbsp;","listText":"&nbsp;Thanks . Good luck&nbsp;","text":"Thanks . Good luck","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9042657740","repostId":1116401864,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9042626574,"gmtCreate":1656470216598,"gmtModify":1676535836063,"author":{"id":"3582248650466523","authorId":"3582248650466523","name":"Victorhc88","avatar":"https://static.tigerbbs.com/d72a1d9498132424b1eddb4db3c77265","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582248650466523","authorIdStr":"3582248650466523"},"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9042626574","repostId":1116401864,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9042667018,"gmtCreate":1656469460834,"gmtModify":1676535835925,"author":{"id":"3570742778586711","authorId":"3570742778586711","name":"firefirefire","avatar":"https://community-static.tradeup.com/news/e33159cc1bfc6784fa479fe87a11fd33","vip":1,"hat":"https://static.tigerbbs.com/ae1f49570794979e009a5efdeb6f4789","crmLevel":8,"crmLevelSwitch":1,"idStr":"3570742778586711","authorIdStr":"3570742778586711"},"htmlText":"Wow...impressive","listText":"Wow...impressive","text":"Wow...impressive","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9042667018","repostId":1116401864,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":26,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1116401864"}