Tag: BYD Co

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BYD, backed by Berkshire Hathaway, reported impressive sales figures for November, with 506,804 new energy vehicles (NEVs) sold. This marks a 67.87% increase year-on-year and a modest 0.83% rise compared to October.

From January to November 2024, BYD’s cumulative NEV sales reached 3,837,632 units, reflecting a robust 40.25% growth year-on-year. The figures highlight BYD’s continued dominance and rapid expansion in the NEV market.

© 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 the 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 world’s leading manufacturer of new energy vehicles (NEVs) and power batteries, marked its 30th anniversary with a historic achievement: the roll-off of its 10-millionth NEV at the Xiaomo Production Base in Shenzhen-Shanwei. This milestone makes BYD the first automaker to produce 10 million NEVs, achieving the second 5 million in a record 15 months after taking 15 years for the first 5 million.

In a keynote speech at the event, BYD Chairman and President Wang Chuanfu reflected on the company’s transformation from a 20-person startup into a global corporation with nearly one million employees. Wang credited BYD’s success to its engineering-driven culture, relentless innovation, and commitment to shaping the future of mobility. “The soul of BYD’s engineers is the soul of our company,” he emphasized.

Looking ahead, Wang introduced the BYD Basic Guidelines, a strategic framework outlining the company’s principles, experiences, and forward vision. BYD plans to invest 100 billion yuan in integrating artificial intelligence with automotive technologies, enabling comprehensive upgrades across its vehicle lineup. This focus on innovation, sustainability, and cutting-edge technology aims to solidify BYD’s position as a global leader in high-tech and NEV industries.

© 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 the 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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At COP29, BYD, backed by Berkshire Hathaway, and the Government of Azerbaijan signed a landmark Project Implementation Agreement to establish an electric bus manufacturing facility in the Sumgait Industrial Park. This initiative aims to boost local production capabilities while advancing sustainable transportation in the region. The collaboration underscores a shared commitment to green innovation and economic growth.

BYD’s bus manufacturing plants span the globe, with facilities in Lancaster, California; Newmarket, Ontario; Komárom, Hungary; Beauvais, France; Changsha and Dalian, China; Campinas, Brazil; and Bangna, Bangkok, Thailand.

© 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 has officially launched its first hybrid pickup truck, the BYD SHARK, in Panama. This launch follows its successful debut in Mexico in May, signaling BYD’s growing commitment to expanding across Latin America. The SHARK also marks BYD’s entry into Panama’s hybrid vehicle market.

The BYD SHARK offers an impressive range of 840 kilometers (NEDC) with 100 kilometers of pure electric driving, making it ideal for both city commutes and long-distance travel. Its design combines technology and power, featuring the largest body size in its class and a shark-inspired exterior that redefines traditional pickup aesthetics.

Eduardo López de Victoria, Regional General Manager of BYD Central America and the Caribbean, highlighted the rising demand for pickup trucks in Panama, noting that the SHARK is tailored to meet both business and personal needs. He emphasized that the SHARK’s cutting-edge technology and user-friendly features aim to revolutionize the traditional fuel-powered pickup market.

The launch event featured a camping-themed test drive experience, where guests, media representatives, and influencers praised the SHARK’s performance. Currently, BYD operates two dealerships in Panama and plans to expand its sales network to provide better service for local consumers.

© 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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On September 19, Berkshire Hathaway-backed BYD delivered 100 fully electric buses to CUTCSA, Uruguay’s largest public transit operator. The delivery took place at BYD’s Qingdao factory and marks another significant milestone in the company’s global expansion of commercial electric vehicles.

The 12-meter K9UD electric buses, designed for the Uruguayan market, emphasize environmental sustainability, energy efficiency, smart technology, and passenger safety. This delivery symbolizes the growing cooperation between BYD and Uruguay as the country moves toward 100% electrified public transit. BYD’s electric buses are also making strides across Latin America, including in Brazil, Chile, Colombia, and Ecuador, as the company leads the region’s transition to green transportation.

© 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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In another step in its global expansion, BYD, backed by Berkshire Hathaway, celebrated the grand opening of its flagship store on Sheikh Zayed Road in Dubai. Attendees were treated to a preview of the Yangwang U8, a luxury SUV set to debut in the UAE market in 2025.

The Yangwang U8 is the first model under BYD’s premium Yangwang brand, further solidifying the company’s commitment to delivering high-end electric vehicles to the region.

The company recently inaugurated its Thailand plant in Rayong and produced its 8 millionth new energy vehicle.

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.

© 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 has officially expanded into Suriname with the opening of its first dealership in the capital city, Paramaribo. The grand opening, a key step in the company’s South American growth, attracted nearly 300 attendees, including Suriname’s Vice President, Ronnie Brunswijk, and other local political and business leaders.

At the event, BYD introduced four electric vehicle models to the Surinamese market: the DOLPHIN, SEAL, YUAN PLUS, and SONG PLUS. These models offer eco-friendly transportation solutions with driving ranges from 400 to 1,100 kilometers, catering to the country’s growing demand for efficient, sustainable vehicles.

The company recently opened its first showroom in Dubai, inaugurated its Thailand plant in Rayong, and produced its 8 millionth new energy vehicle.

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.

© 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.

BYD, backed by Berkshire Hathaway, has made a significant leap in the Fortune Global 500, rising from No. 212 to No. 143 in just a year. This marks BYD’s third consecutive year on the list, underscoring its rapid growth in the automotive sector. In 2023, BYD achieved remarkable success, with annual revenue soaring to 602.32 billion CNY—a 42% increase compared to the previous year. This impressive growth cements BYD’s position as the fastest-growing brand in the automotive category.

The company recently inaugurated its Thailand plant in Rayong, and produced its 8 millionth new energy vehicle.

In 2023, BYD 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.

© 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, 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.