BYD
The world's largest maker of electric and plug-in hybrid cars, and a major battery maker.
Public · OTC:BYDDY- Sector
- Automotive
- Based in
- Shenzhen, China
- Founded
- 1995
- Invested
- Mar 2023
BYD makes electric and plug-in hybrid cars under brands including BYD, Denza, Fangchengbao and Yangwang, and sells more plug-in vehicles than any other carmaker. It also makes electric buses, trucks and forklifts.
BYD makes much of each car itself, including its own Blade batteries, electric motors and power chips. It also supplies batteries for energy storage and makes components for consumer electronics.
Wang Chuanfu founded BYD in Shenzhen in 1995 as a rechargeable battery maker, and it started making cars in 2003. Its shares trade in Hong Kong and Shenzhen, and in the US as ADRs (BYDDY). Berkshire Hathaway invested in 2008.
From the notebook
All notesBig mover
BYD shares down 14pc this month as JPMorgan slashes its target
BYD's US-listed shares have fallen 14.1% over the past month and are down more than a third from their 52-week high. JPMorgan cut its price target by 29%, from HK$124 to HK$88, on 30 September. The move followed BYD's first-half result, where revenue fell 7.1% year on year and net profit dropped 20.5% as domestic price competition bites.
Since this note:BYD −0.6%(S&P 500 +0.6%)
Written by AI from share prices, the companies' posts and the news. Can be wrong; not financial advice.
