Category: BYD

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Berkshire Hathaway-backed BYD, China’s largest electric vehicle manufacturer, is set to build a vehicle manufacturing plant in Turkey. This strategic move aims to avoid the increasing EU tariffs on vehicles imported directly from China.

The new facility, expected to be operational by the end of 2026, will have an annual production capacity of up to 150,000 vehicles and will create approximately 5,000 jobs. This follows BYD’s recent inauguration of a plant in Rayong, Thailand, which was completed in just 16 months.

BYD’s global expansion is rapidly progressing. The company recently celebrated the production of its 8 millionth new energy vehicle. In 2023, BYD achieved a 337% year-on-year increase in exports, reaching a total of 243,000 vehicles. In the first half of this year alone, BYD sold 1.607 million new energy vehicles worldwide, marking a 28% year-on-year growth, with over 203,000 of these vehicles being exported, a 173.8% year-on-year increase.

BYD’s new energy vehicles are now available in 88 countries and regions. The company has established passenger car production bases in Thailand, Brazil, Hungary, and Uzbekistan, with plans for another in Mexico.

© 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.

On July 4, Chinese automaker BYD, backed by Berkshire Hathaway, achieved two significant milestones. The company inaugurated its Thailand plant in Rayong and produced its 8 millionth new energy vehicle.

BYD completed its Thailand plant in an impressive 16 months. With an annual capacity of 150,000 vehicles, the facility covers stamping, painting, welding, final assembly, and car component production. This ambitious project is expected to create 10,000 jobs. Notably, BYD unveiled the Dolphin model as its 8 millionth new energy vehicle during the inauguration.

BYD’s success in Thailand is remarkable. For eighteen months within the past two years, it has held the title of pure electric vehicle sales champion. Currently, one out of every three electric vehicles sold in Thailand bears the BYD brand. Looking ahead, BYD plans to introduce more pure electric and plug-in hybrid models in the Thai market.

Global Leadership in New Energy Vehicles

BYD’s global expansion is evident. In 2023, the company achieved a staggering 337% year-on-year increase in exports, totaling 243,000 vehicles. During the first half of this year, BYD sold 1.607 million new energy vehicles worldwide—a 28% year-on-year growth. Impressively, over 203,000 of these vehicles were exported, reflecting a remarkable 173.8% year-on-year increase.

BYD’s new energy vehicles are now available in 88 countries and regions. The company has established passenger car production bases not only in Thailand but also in Brazil, Hungary, and Uzbekistan.

As an industry leader in new energy vehicles, BYD continues to drive innovation and sustainable transportation on a global scale.

© 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, the Chinese automaker backed by Berkshire Hathaway, celebrated the grand opening of its first dealership in the Caribbean on May 30, located in the Republic of Trinidad and Tobago.

The event drew a crowd of over 200 guests, including notable figures from politics, commerce, media, influencers, and BYD car owners. Among the distinguished attendees were Fang Qiu, the Ambassador of the People’s Republic of China to Trinidad and Tobago, and Randall Mitchell, the Minister of Tourism, Culture, and the Arts of Trinidad and Tobago.

The new store, designed by Gensler, features sleek and fluid lines that create a unique aesthetic identity, reflecting BYD’s forward-thinking approach. Remarkably, the dealership was completed in just four months, setting a new standard for rapid retail outlet construction in the Caribbean. The space includes areas for negotiation, a boutique exhibition, and the BYD Dream Bar, providing a cozy and immersive automotive purchase experience.

During the opening, BYD showcased its full model lineup to the local market, highlighting vehicles such as the BYD YUAN PLUS, BYD DOLPHIN, and BYD E6, with a special focus on the flagship BYD SEAL. This premium sedan, with its dynamic and stylish design, embodies BYD’s Ocean Aesthetic design language. Guests enjoyed hands-on experiences with the innovative karaoke system and VTOL discharge capabilities of BYD’s new energy vehicles, garnering widespread appreciation for the sophisticated design and smart technology.

BYD has now introduced a range of new energy vehicle models in the Caribbean, solidifying its presence in nations including Jamaica and Trinidad and Tobago. Looking forward, BYD plans to deepen its collaboration with local dealerships, leveraging advanced technologies and maintaining high-quality standards. This initiative aims to offer a comprehensive lineup of new energy products to consumers, accelerating the shift towards sustainable transportation within these island communities.

BYD’s new energy initiatives now span over 80 countries and regions worldwide, continuously driving the global development of the NEV industry.

© 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, the Chinese automaker backed by Berkshire Hathaway, has achieved a significant milestone with the docking of its roll-on/roll-off (ro-ro) carrier, the EXPLORER NO.1, in the Americas for the first time. The vessel arrived at Brazil’s Port of Suape after being delivered in January at Yantai Port, China, reinforcing BYD’s commitment to eco-friendly global logistics.

The state-of-the-art EXPLORER NO.1, equipped with advanced navigation technology, completed a 27-day transcontinental journey from China to Brazil. At 199.9 meters in length, it can carry up to 7,000 vehicles, boosting BYD’s capacity to meet international demand.

The historic docking saw the largest car shipment ever received by Suape Port, bringing 5,459 vehicles as demand grows for BYD’s new energy vehicle models. BYD has already recorded over 25,500 registrations in just the first five months of the year, marking a remarkable 43% increase compared to all of 2023’s 17,900 registrations.

Tyler Li, President of BYD Brazil, highlighted the company’s dedication to sustainability, stating, “We believe it’s possible to maintain sustainability and technology in all our green mobility solutions, and we are increasingly committed to contributing to strengthening ecological and intelligent international logistics. Brazil is undoubtedly one of our biggest bets, in every sense.”

In April, BYD achieved another milestone by climbing to the ninth position among automotive manufacturers in Brazil, according to Fenabrave (National Federation of Motor Vehicle Distribution). This underscores the brand’s rapid growth in the Brazilian automotive market.

The arrival of the EXPLORER NO.1 not only strengthens BYD’s presence in Brazil but also advances the vision for a cleaner, greener future in transportation. BYD’s new energy initiatives now span over 80 countries and regions worldwide, continuously driving the global development of the NEV industry.

© 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, the Chinese automaker backed by Berkshire Hathaway, has had robust new-energy vehicle sales for the month of April. The company reported selling a total of 313,245 New Energy Vehicles, encompassing both plug-in electric vehicles (EVs) and battery EVs. This figure marks a significant 49% increase compared to the same period last year.

BYD’s top-sellers were the Dynasty and Ocean, which sold a combined 297,864 vehicles. The company also stated that it exported 40,011 passenger vehicles in April.

© 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, the Chinese automaker backed by Berkshire Hathaway, has had a remarkable resurgence in its new-energy vehicle sales for the month of March. The company reported selling a total of 626,263 new-energy vehicles, encompassing both plug-in electric vehicles (EVs) and battery EVs. This figure marks a significant 13% increase compared to the same period last year.

After facing a decline in sales during the initial months of the year, BYD experienced a robust rebound in March, with sales soaring by an impressive 46%.

BYD’s Chairman and President, Wang Chuanfu, noted at an investors’ conference on Wednesday that total deliveries in 2024 may exceed 3.6 million vehicles. He predicted that total global exports could reach 500,000 units.

The increase in sales, despite growing competition from other Chinese automakers, reflects the growing demand for eco-friendly transportation solutions, driven by increasing environmental consciousness and a shift towards sustainable mobility options.

© 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, the Chinese automaker backed by Berkshire Hathaway, has officially entered the Greek market, marking another significant step in its European expansion. Partnering with the Sfakianakis Group, BYD unveiled its lineup of electric vehicles at a ceremony held at the Zappeion Megaron in Athens on March 20th, 2024.

Known for its expertise in power battery development and commitment to environmentally friendly technologies, BYD is introducing a range of innovative eco-friendly cars to Greece. The launch event showcased the BYD ATTO 3 (C-SUV) and the BYD SEAL (D-Sedan), with plans to introduce the BYD DOLPHIN (C-Hatchback) and the BYD SEAL U (D-SUV) in both pure-electric (BEV) and Plug-In Hybrid (PHEV) variants.

Sfakianakis Group, BYD’s partner in Greece, is dedicated to providing exceptional customer service. Two BYD stores will open in Athens, offering premium retail experiences, test drives, and direct ordering options. The Group is also expanding its network of Retail Partners and Authorized Repairers throughout Greece to ensure top-quality sales and after-sales services.

Speaking at the event, Michael Shu, Managing Director of BYD Europe, emphasized the company’s commitment to making electric mobility accessible to more consumers. The partnership with Sfakianakis Group represents BYD Europe’s first national launch of 2024, highlighting the importance of the Greek market in BYD’s global strategy.

The two models launched in Greece, the BYD ATTO 3 and the BYD SEAL, embody BYD’s vision for sustainable transportation. The ATTO 3 offers spaciousness and dynamic performance in a C-segment SUV, while the SEAL combines premium style with high-tech intelligent features in a D-segment sedan.

With competitive starting prices of €37,990 for the ATTO 3 and €45,990 for the SEAL, BYD aims to attract Greek consumers seeking environmentally friendly and technologically advanced vehicles. The company’s entry into the Greek market signifies its ongoing commitment to innovation and sustainability in the automotive industry.

© 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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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, 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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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.