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BYD

Berkshire Hathaway-Backed BYD Unveils Futuristic Electric Supercar Ready to Take on Luxury Brands

(BRK.A), (BRK.B)

Berkshire Hathaway-backed BYD, the global leader in new energy vehicles and power battery manufacturing, has once again set its sights on the automotive industry with the launch of its latest innovation – the YANGWANG U9. This pure electric supercar not only challenges the norms of traditional sports car manufacturing but also marks BYD’s ambitious move into the high-end luxury car market.

Priced at 1.68 million RMB, the YANGWANG U9 boasts a captivating design language known as “Time Gate,” which embodies a blend of unique proportions, tension, and power, setting it apart in the world of supercars.

Under the hood, the U9 is powered by two groundbreaking core technologies – the e4 platform and the DiSus-X Intelligent Body Control System. These innovations seamlessly integrate track performance, street adaptability, and playful features, redefining the standards for pure electric supercars.

The e4 Platform, featuring four independent electric motors, offers agile and precise four-wheel torque output control, delivering an impressive 1,300 horsepower and a maximum torque of 1680N·m. Meanwhile, the DiSus-X Intelligent Body Control System ensures unparalleled driving experience with its adjustable suspension travel of up to 75mm and peak single-axis lifting speed of up to 500mm/s.

In recent tests, the YANGWANG U9 has proven its prowess on the racetrack, reaching a top speed of 309.19 km/h and accelerating from 0 to 100 km/h in just 2.36 seconds. Its advanced thermal management system, equipped with Blade Battery technology and Dual Plug-in Ultra-fast charging, enhances performance even under extreme conditions.

The U9’s innovative design extends to its Super Carbon-Fiber Cabin, featuring next-generation CTB technology, which ensures unmatched torsional stiffness and comprehensive travel safety. Inside, the intelligent cockpit equipped with the DiLink150 platform and high-end audio system offers an immersive driving experience.

With its foray into the high-end sports car market, BYD once again demonstrates its dedication to leveraging technological advancements for a better, greener future. As a Fortune Global 500 enterprise, BYD’s pursuit of innovation continues to shape the automotive industry and drive the transition towards zero-emission energy solutions worldwide.

© 2024 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway and BYD, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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BYD

Berkshire Hathaway-Backed BYD Looking to Double Buybacks

(BRK.A), (BRK.B)

BYD, the Chinese automaker backed by Berkshire Hathaway and renowned for its electric vehicles (EVs), has surged ahead in the global market, surpassing Tesla as the leading manufacturer of new energy vehicles in 2023. Now, the company is poised for further growth as it announces plans to double its share repurchases.

The decision to ramp up share buybacks underscores BYD’s commitment to rewarding its stakeholders while strategically managing its capital structure. These repurchases will primarily support employee stock options, share incentives, and potentially reduce the company’s outstanding share capital.

BYD’s expansion isn’t limited to financial maneuvers; the company has been aggressively introducing EV models across various international markets. In February, Indonesia welcomed three new pure electric models from BYD: the ATTO 3, DOLPHIN, and SEAL. This move signifies BYD’s commitment to providing innovative and sustainable transportation solutions globally.

Looking ahead, BYD is gearing up for significant investments in production facilities in Indonesia, signaling its intent to strengthen its presence in Southeast Asia. This strategic move aligns with BYD’s broader strategy of expanding its manufacturing footprint to meet growing global demand for electric vehicles.

The momentum behind BYD’s success is undeniable. In 2023 alone, the company achieved annual new energy vehicle sales exceeding 3 million units, solidifying its position as the global leader in this rapidly evolving market segment. With its EVs now available in over 400 cities across 70 countries and regions, BYD’s influence continues to grow on a global scale.

As the world transitions towards a greener future, BYD stands at the forefront, driving innovation and redefining the automotive landscape. With its ambitious growth plans and unwavering commitment to sustainability, BYD is poised to maintain its status as a trailblazer in the new energy vehicle industry for years to come.

© 2024 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway and BYD, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance

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BYD

Berkshire Hathaway-Backed BYD and Raízen Power Partner to Boost Electric Mobility in Brazil

(BRK.A), (BRK.B)

In a bid to accelerate sustainable electric mobility in Brazil, BYD, backed by Berkshire Hathaway and a global leader in electric vehicle (EV) sales, has joined forces with Raízen Power, a prominent player in Brazil’s electricity sector. The strategic partnership, announced at an event in Shenzhen, China, also involves Shell, aiming to enhance the public infrastructure for EV charging across major Brazilian capitals.

The collaboration outlines ambitious initiatives, including the construction of EV charging hubs under the Shell Recharge brand in eight Brazilian capitals over the next three years. Beginning in 2024, São Paulo, Rio de Janeiro, Belo Horizonte, Brasília, Curitiba, Florianópolis, Salvador, and Belém will witness the installation of these hubs, offering a high-tech recharging experience fueled by 100% clean and renewable energy.

The partnership aims to significantly expand Brazil’s public network of electric chargers by installing 600 new DC charge points, contributing an additional 18 MW of installed power to recharge electric vehicles nationwide. Furthermore, BYD drivers utilizing the Shell Recharge network will benefit from competitive energy prices and services, facilitated by Raízen Power’s expertise.

Raízen Power, a licensee of the Shell brand with an extensive network of nearly eight thousand mobility sites across Brazil, Argentina, and Paraguay, aims to establish itself as a leader in the Brazilian electromobility market. The company aims for a 25% market share in the segment while also targeting a 10% market share in the free energy market and advancing its distributed generation projects.

Ricardo Mussa, CEO of Raízen, expressed the company’s commitment to democratizing access to electric mobility and renewable energy, aiming to make these solutions more accessible, affordable, and attractive to the market. The partnership with BYD aligns with this vision, offering a complete and integrated portfolio within the Shell Recharge network to support the global pursuit of a sustainable future.

For BYD, this partnership represents a strategic opportunity to expand its presence in Brazil’s burgeoning electric mobility landscape. Stella Li, Executive Vice President of BYD and CEO of BYD Americas, emphasized the importance of a robust charging infrastructure in accelerating the transition to sustainable transportation and supporting the company’s ambitious sales expansion plans.

The collaboration between BYD, Raízen Power, and Shell builds upon a previous strategic cooperation agreement signed in 2022 to enhance the charging experience for BYD’s battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV) customers.

István Kapitány, Shell’s Global Executive Vice President for Mobility, highlighted the importance of collaboration in driving the electric mobility transition, emphasizing the role of industry partnerships in achieving shared goals. Shell’s existing global EV charging network, which is set to expand further, underscores the company’s commitment to making EV charging convenient and enjoyable for customers worldwide.

The partnership between BYD, Raízen Power, and Shell signifies a significant step forward in promoting sustainable electric mobility in Brazil, aligning with global efforts to combat climate change and transition to cleaner transportation solutions.

© 2024 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway and BYD, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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BYD

BYD’s 2023, A Global Triumph in NEV Sales and International Expansion

(BRK.A), (BRK.B)

Berkshire Hathaway-backed BYD’s global presence experienced a significant boost in 2023, with exports soaring by 334.2% to 242,765 units. The company expanded its footprint to over 70 countries on six continents. BYD’s technological prowess, commitment to eco-friendly mobility solutions, and collaboration with global top-tier partners contributed to this success.

Extensive Brand Matrix and Market Response

BYD solidified its position in the global new energy sector with the completion of its brand matrix, including the Dynasty series, Ocean series, DENZA, FANGCHENGBAO, and YANGWANG. Sales of the Dynasty and Ocean series reached 2,877,353 units, reflecting a remarkable 55.3% increase. DENZA, with 127,840 units sold in 2023, witnessed the DENZA D9 emerging as the annual MPV sales champion.

YANGWANG and FANGCHENGBAO, introduced in 2023, garnered positive market responses. YANGWANG U8 became a top seller in the million-level NEV segment, while BAO 5 established a strong presence in the off-road segment.

Continued Commitment to a Greener Future

From leading China’s NEV market to achieving the top global NEV seller status and ranking among the top ten in the global automotive industry, BYD has demonstrated the vast potential of the new energy sector. With a commitment to leveraging technological innovations for a better life, BYD aims to accelerate the transition towards a greener future, contributing to its vision to “Cool the Earth by 1°C.”

© 2024 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway and BYD, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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BYD

BYD Surpasses 6 Million NEVs

(BRK.A), (BRK.B)

Berkshire Hathaway-backed BYD achieved a historic feat with the production of its 6 millionth new energy vehicle, which rolled off the line November 24 at its Zhengzhou factory. This milestone, reached in just three months after surpassing the 5 millionth mark, sets a new record and underscores BYD’s unwavering commitment to pioneering advancements in the electric vehicle industry.

The 6 millionth new energy vehicle, a BAO 5, is a super hybrid hardcore SUV introduced under BYD’s specialized sub-brand, FANGCHENGBAO.

BYD has been actively expanding its global presence since 2010, focusing on public transit electrification by introducing new energy buses and taxis. Over the past decade, BYD’s electric public transport solutions have made a significant impact, operating in more than 400 cities across over 70 countries. The company’s wide-range of new energy businesses includes automobiles, rail transit, new energy, and electronics, with over 30 industrial parks in China, the United States, Canada, Japan, Brazil, Hungary, and India. This sustained effort highlights BYD’s dedication to sustainable transportation solutions on a global scale.

© 2023 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway and BYD, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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BYD

BYD Breaks Records and Expands Into Hungary

(BRK.A), (BRK.B)

BYD, the Chinese automobile manufacturer with the backing of Berkshire Hathaway, is making waves in the automotive industry, setting new sales records and expanding its reach.

In October, the company achieved an astounding milestone by selling 301,833 electric vehicles (EVs), surpassing its previous monthly sales record by 8.85 percent and, for the first time, crossing the 300,000-vehicle mark.

BYD’s remarkable success is further underscored by its year-on-year sales growth of 220.3 percent. These figures attest to the company’s growing dominance in the fiercely competitive automotive market as it ventures into new territories.

The expansion of BYD into Hungary is a testament to the company’s commitment to sustainable transportation. Hungary becomes the 19th European country to embrace BYD’s vision of eco-friendly mobility, marking a significant milestone for both the company and the Hungarian market.

BYD’s success in the new energy vehicle (NEV) sector is no accident. The company has been a pioneer in the NEV revolution, leveraging its expertise in battery technology and electric powertrains to create a range of popular vehicles that are not only environmentally friendly but also performance-oriented.

© 2023 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway and BYD, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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BYD’s DOLPHIN Wins Carbuyer.co.uk Top Honour

China’s fast-growing EV maker BYD, backed by Berkshire Hathaway, has been named Carbuyer.co.uk Best Small Electric Car and Carbuyer.co.uk Car of the Year in the 2024 Carbuyer New Car Awards.

The Carbuyer judges said:

Best Small Electric Car: BYD DOLPHIN

“Compact on the outside, capacious on the inside, the BYD DOLPHIN is efficient, good to drive, loaded with tech and, with the bigger of the two batteries, comes with a sensible real-world range. It might not be pocket change, but the BYD DOLPHIN costs a good chunk less than its mainstream rivals.”

Carbuyer Car Of The Year: BYD DOLPHIN

“It really is quite extraordinary how a brand you’ve probably never heard of – albeit one that sells millions of cars in its home market – can so drastically undercut the competition and still offer such a compelling package. The BYD DOLPHIN isn’t a cheap car, it’s a great-value car. There’s a difference.”

© 2023 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway and BYD, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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BYD

BYD Motors and Cox Automotive Join Forces to Provide Support for Electric Fleets in the U.S.

In a move that underscores the accelerating shift towards electric vehicles in the United States, BYD Motors, backed by Berkshire Hathaway, and Cox Automotive have recently announced a service agreement for EV fleet maintenance. This partnership bolsters the support network for BYD customers, particularly those operating class 6 and class 8 trucks, by offering round-the-clock roadside assistance and access to a nationwide cadre of EV-trained service technicians.

“This agreement with a nationally respected fleet services leader in Cox Automotive bolsters the confidence of our customers and gives new customers assurance their service needs will be addressed by the top professionals in the business,” said Audrey Li, BYD Vice President Operations. “We’re very excited by this announcement.”

Cox Automotive, a renowned player in the fleet industry, is equally committed to leading the charge in the electrification of America’s fleets. With a shared vision of creating a more sustainable future for fleet operations, Cox Automotive brings its expertise and a network of trusted, skilled EV technicians into this partnership. Kevin Clark, AVP of Vehicle Operations at Cox Automotive Fleet Services, remarked, “Cox Automotive is driven to lead America’s fleet industry in the electric vehicle transformation, working alongside innovative companies like BYD Motors with a shared mission to create a more sustainable fleet future. Our trusted and skilled EV technicians keep America moving safely and efficiently.”

BYD Motors’ global reach continues to expand, with over 85,000 heavy-duty battery electric vehicles deployed worldwide, including more than 25,000 trucks. In the U.S., BYD has made significant inroads, with more than 500 of these electric trucks already serving customers from coast to coast. Operating from nearly 40 locations across the country, Cox Automotive Fleet Services boasts a team of over 1,400 elite technicians, making it the nation’s largest provider of 24/7 emergency repair and towing services.

© 2023 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway and BYD, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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BYD

BYD’s Dolphin: A Global Hit in the World of Electric Vehicles

In the world of electric vehicles (EVs), one name continues to shine brighter than ever before – BYD. Backed by Berkshire Hathaway, this automotive powerhouse has been making waves, quite literally, with its BYD DOLPHIN. On September 22, 2023, BYD marked a momentous occasion, celebrating the production of its 500,000th BYD DOLPHIN, solidifying its place as a leader in the realm of new energy vehicles.

Since its debut in August 2021, the BYD DOLPHIN has maintained an iron grip on the title of the top-selling A0-level hatchback in China for an impressive 19 consecutive months. But its impact doesn’t stop at China’s borders; this aquatic-inspired marvel is making ripples worldwide.

In June 2023, Brazil felt the electrifying surge of the DOLPHIN as it gracefully glided onto its shores. Within just two months, over 4,000 units of this eco-champion found homes, setting an all-time record for EV sales in Brazil. It not only set records but also stole hearts by becoming the best-selling EV in the country for the month of August. Brazil was just the beginning of the DOLPHIN’s global voyage.

Thailand welcomed the DOLPHIN with open arms, and it didn’t take long for the EV to make a splash in the market, claiming the fifth spot in EV sales in its very first month, delivering an impressive 481 units. The United Kingdom got a taste of the DOLPHIN’s charm as it recently completed its first test drive event, garnering praise and applause from the media, and the DOLPHIN was unveiled in Mexico in September.

BYD has established six dealership stores in Mexico and plans to have 50 by the end of the year. The company has extended its presence to all 32 states.

What sets the BYD DOLPHIN apart from the sea of electric vehicles is its innovative e-Platform 3.0, a dedicated platform exclusively designed for pure electric vehicles. This platform prioritizes aerodynamics, rigidity, and cabin space, resulting in a harmonious blend of performance and comfort. With its 8-in-1 electric powertrain, the DOLPHIN achieves remarkable improvements in safety and range. And when it comes to power, the seamless integration of BYD’s ultra-safe Blade Battery within the e-Platform 3.0 ensures a secure and convenient driving experience for users.

But it’s not just about performance; the BYD DOLPHIN also captures the essence of nature’s beauty. Embracing the captivating Ocean Aesthetics design language, it draws inspiration from the fluidity of ocean waves and combines it with strong, charismatic lines for a dynamic and exuberant overall style. The interior is equally enchanting, with sustainable vegan leather adorning integrated sports seats. These seats offer not only long-distance comfort but also strong lateral support, all while showcasing ocean-inspired aesthetics.

In a world where sustainability meets style and innovation meets impact, the BYD DOLPHIN emerges as a true symbol of the future of electric mobility. With its global conquest and commitment to delivering premium green mobility, BYD continues to swim ahead in the electric vehicle race, setting benchmarks and leaving a trail of admirers in its wake. As the waves of change continue to wash over the automotive industry, one thing remains certain – the BYD DOLPHIN is riding high, leading the charge towards a greener and more electrifying future.

© 2023 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway and BYD, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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BYD

Berkshire Hathaway-Backed BYD’s Sales Hits New All-Time High in August

(BYDDF), (BYDDY)

Berkshire Hathaway-backed BYD’s plug-in EV sales reached a new high for the fourth straight month. The company’s sales for August totaled 274,086 units (up 57.5% year-over-year).

Year to date, BYD has sold 1.78 million passenger plug-in EVs, up 83 percent from the same period in 2022.

The company also set a sales record for exported vehicles, with 25,023 BYD plug-ins exported.

BYD’s EV sales year-to-date:

BEVs: 897,220 +84% (year-over-year)
PHEVs: 886,132 (+82% year-over-year)
Total: 1,783,352 (+83% year-over-year)

BYD is on track to sell more than 3 million EVs in 2023.

© 2023 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway and BYD, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.