News summary of BYD (last 2 weeks)

The news is taken from CNEVPost.

BYD's new plant in central Chinese city Zhengzhou goes into operation

April 7, 2023 14:50 GMT+8

Currently in production is the first phase of BYD's Zhengzhou base, with a planned annual capacity of 400,000 vehicles.

BYD chairman calls on China to extend NEV tax exemption until 2025

April 3, 2023 17:04 GMT+8

The world economy is currently in a difficult period of complexity and change, and dealing with risks and challenges requires firm confidence and stable expectations, Wang said.

BYD Mar sales breakdown: Qin 40,850, Song 40,510

April 2, 2023 20:08 GMT+8

The Qin family of models sold a record 40,850 units in March, surpassing the Song family's 40,510 units to become the best-selling BYD model for the month.

BYD starts warming up for mini car Seagull

March 31, 2023 18:56 GMT+8

Previous reports suggested that the BYD Seagull would be offered in both sodium-ion and lithium-ion battery-equipped versions, but this was not confirmed by BYD.

BYD expected to unveil 1st model of F brand in Jun

March 31, 2023 14:39 GMT+8

The first model of BYD's F-brand, codenamed SF, will target the RMB 400,000 to 600,000 market.

BYD aims to sell at least 3 million vehicles this year

March 30, 2023 21:06 GMT+8

BYD aims to sell at least 3 million vehicles this year and strive to reach 3.6 million, said Wang Chuanfu, its chairman and president.

Global EV battery market share in Jan-Feb: CATL 33.9%, BYD 18.2%

March 30, 2023 15:53 GMT+8

CATL's share in January-February was the same as in January, while BYD saw its share rise. CATL and BYD remained the top two players in the global EV battery market in the first two months, with the former's share remaining stable and the latter rising.

BYD expects its Q1 NEV sales to grow over 80% YoY, aims to be largest automaker in China by year-end

March 29, 2023 12:02 GMT+8

Based on January-February retail sales, BYD is already the largest automaker in China with an 11.8 percent share.

BYD's Q4 net profit up over 10 times year-on-year to $1.06 billion

March 28, 2023 21:21 GMT+8

BYD's net profit for the full year 2022 was up 445.86 percent year-on-year to RMB 16.6 billion.

My investing muse

BYD has continued to expand its production with the latest 400,000 annual production plant ready in ZhengZhou. BYD’s Q4 net profits have gone up 10x YoY with the aim to be the biggest automaker in China by end of 2023. For 2023, BYD aims to sell at least 3 million units. At the same time, there are new models being introduced to meet the needs of different market demographics.

We continue to see good growth in sales of their various models. At the same time, BYD is keeping pace with the top EV battery maker CATL. BYD continues to grow internationally but there are concerns about a coming global recession.

Let us continue to monitor the macro and the business. Let us research before investing.

@TigerStars

$BYD Co., Ltd.(BYDDY)$