Tag: BYD Co

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.

(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.

(BYDDF), (BYDDY)

BYD, the Chinese automobile manufacturer backed by Berkshire Hathaway, posted record profits for the first six months of 2023. The company reported a 204.7% jump in profits as compared to the same period in 2022.

BYD, which is China’s largest automaker, reported net profits of 10.95 billion yuan ($1.50 billion) on revenues of 260.12 billion yuan for the period ending June 30.

During the month of June alone, BYD sold an impressive total of 253,046 new energy vehicles, a 5.3% increase over its May sales volume. The total unit sales through June 30 for BYD have reached an impressive figure of almost 1.2 million units, almost double the 641,350 units sold during the first six months of 2022.

© 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.

What a difference a week makes for Berkshire Hathaway-backed BYD, the world’s leading manufacturer of new energy vehicles. Just a week after BYD proposed building a $1 billion battery and automotive facility in India in partnership with Hyderabad-based Megha Engineering and Infrastructures Ltd., the plan now looks to be dead.

The Modi government has reportedly rejected the joint proposal citing security concerns “security concerns” in regards to Chinese investments in India.

BYD and Megha had proposed building up to 15,000 EV automobiles annually in the facility. The proposed joint venture would have combined Megha’s capital and BYD’s expertise in EV manufacturing.

© 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.

(BRK.A), (BRK.B)

BYD, the Chinese automobile manufacturer backed by Berkshire Hathaway, has made a significant stride in the Brazilian market with the official launch of the BYD DOLPHIN, its first pure electric model featuring its Ocean Aesthetics design.

Notably, during the launch day, an average of two units were sold every five minutes.

Having led the electric vehicle market in China for nine years and selling over 4.3 million new energy vehicles worldwide, BYD now extends its electrification wave to Brazil with the arrival of the BYD DOLPHIN.

Stella Li, the Executive Vice President of BYD and CEO of BYD Americas, expressed pride in being the first manufacturer to cease production of cars powered solely by internal combustion engines.

Tyler Li, the General Manager of BYD Brazil, emphasized the company’s commitment to providing competitive new energy models for Brazilian consumers. He stated with confidence that the BYD DOLPHIN is an excellent choice and serves as a gateway for those aspiring to own an electric car. By combining quality, advanced technology, and sustainability, BYD aims to meet the needs and preferences of the Brazilian market.

The BYD DOLPHIN, the first model designed with the Ocean Aesthetics design language, was created under the guidance of Wolfgang Egger, the Design Director of BYD. Drawing inspiration from marine elements, the vehicle showcases a vibrant and dynamic overall style. With a 2,700 mm wheelbase, the BYD DOLPHIN offers an exceptional interior space, ensuring heightened passenger comfort.

Distinguished as the first mass-produced pure electric model built on the e-platform 3.0, the BYD DOLPHIN leverages an 8-in-1 electric powertrain, significantly enhancing safety and cruising range. Equipped with the ultra-safe Blade Battery, the model boasts a pure electric cruising range of 405 km under NEDC conditions, providing consumers with a reliable and secure driving experience. Additionally, the Blade Battery charges from 30% to 80% in an impressive 30 minutes using DC charging.

The BYD DOLPHIN also offers an enjoyable and futuristic driving experience. Its intelligent cockpit system, featuring a 12.8-inch rotatable touchscreen, enables intelligent voice control, CarPlay System integration, and remote vehicle control via mobile devices. Furthermore, the model’s vehicle-to-load (VTOL) charging function caters to various outdoor power needs, further enhancing convenience for users in different scenarios.

The BYD DOLPHIN is the fifth new energy passenger car introduced by BYD in the Brazilian market. Building upon the success of previous models such as the BYD TANG, BYD HAN, BYD YUAN PLUS, and BYD SONG PLUS.

In the passenger vehicle segment, BYD has already established 24 dealership stores throughout Brazil. Looking forward, BYD aims to expand its presence even further, with plans to reach a total of 100 stores by the end of this year. This strategic expansion highlights BYD’s commitment to providing top-notch sales and after-sales services to meet the demands and expectations of Brazilian customers.

© 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.

(BRK.A), (BRK.B)

BYD, the Chinese automobile manufacturer backed by Berkshire Hathaway, announced the signing an agreement to establish its presence in Brazil’s state of Bahia. What makes this endeavor truly remarkable is that BYD will simultaneously commence operations in three factories within the Camaçari complex, located just 50 kilometers away from the vibrant city of Salvador.

This groundbreaking venture, with an investment exceeding R$ 3 billion (US$620 million), sets a historic milestone in the Brazilian automotive industry. However, it goes beyond mere vehicle production. BYD’s audacious mission, encapsulated in the slogan “Cool the Earth by 1°C,” represents a resolute commitment to energy transition and sustainable mobility. In essence, it signifies an irreversible green revolution.

The establishment of domestic production facilities by BYD holds the promise of more competitive prices and opens up the possibility for the car-loving population to realize their modern-era consumer dream: owning an electric vehicle parked in their garages.

The ambitious complex will comprise three distinct manufacturing units, each serving a specific purpose. One unit will be dedicated to the production of chassis for electric buses and trucks, providing a solid foundation for the future of sustainable transportation. The second unit will focus on manufacturing hybrid and electric automobiles, with an estimated capacity of 150,000 units per year during the initial phase. Lastly, the third unit will specialize in the processing of lithium and iron phosphate, catering to the global market.

Leveraging the existing port infrastructure at the location, this unit will play a crucial role in meeting the growing demand for these essential materials.

Stella Li, the Executive Vice President of BYD and CEO of BYD Americas, emphasizes the significance of this moment for BYD in the Americas. She states, “These new factories in Bahia will bring innovation and the highest standards in technology. This will enable the introduction and acceleration of electromobility in the country, a pivotal movement in combating climate change and enhancing people’s quality of life.”

The three factories are scheduled to commence operations in the second half of 2024, heralding a new era of sustainable automotive manufacturing in Brazil. In addition to the positive impact on the environment, this endeavor is expected to generate over 5,000 jobs in the coming years. Tyler Li, the President of BYD Brazil, stresses the social contribution of the project, saying, “We aim to hire local labor starting this year to provide them with the necessary training and knowledge transfer. At BYD, we are deeply committed to creating value and making a meaningful difference in the lives of Brazilians.”

BYD’s new complex is poised to attract suppliers from various sectors, including technical parts and services. The company is determined to contribute to regional development by giving priority to local suppliers. Furthermore, for civil construction works, BYD plans to prioritize hiring established companies in the region, fostering economic growth and synergy within the local business community.

As BYD forges its path in Bahia, it not only brings an unprecedented manufacturing venture to Brazil but also carries with it a vision of a greener future. With its resolute commitment to energy transition and sustainable mobility, BYD is setting a new standard in the automotive industry, paving the way for a world where innovation and environmental responsibility go hand in hand.

© 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.

(BRK.A), (BRK.B)

Berkshire Hathaway-backed BYD BYD, the fast-growing electric vehicle (EV) manufacturer, has joined forces with ATL Automotive in a strategic partnership aimed at expanding the presence of EVs across the Caribbean.

The collaboration, officially announced on June 26 in Kingston, Jamaica, signifies a significant step towards advancing transport electrification in the region.

ATL Automotive, a key player in the automotive sector since its establishment in 1997, has been at the forefront of investment in the Jamaican automotive landscape for over a decade. With a committed workforce of approximately 600 employees, ATL Automotive has garnered a reputation as the largest investor in the industry in Jamaica. Drawing upon its wealth of experience as a prominent car distributor, ATL Automotive has been appointed as BYD’s regional distributor and will oversee sales and aftersales operations not only in Jamaica but also in nine other countries, including Trinidad and Tobago, Cayman, Curaçao, Barbados, Aruba, Antigua, Saint Lucia, Guyana, and Suriname.

The future-oriented collaboration between BYD and ATL Automotive will involve the establishment of BYD showrooms across the Caribbean. In the initial phase, two showrooms will be opened in Jamaica, specifically in Kingston and Montego Bay. The Kingston showroom, dubbed the “Experience Centre,” will serve as a platform to showcase upcoming BYD models and cutting-edge technologies.

Adam Stewart, the Executive Chairman of ATL Automotive Group, expressed his enthusiasm about the partnership, stating, “As we look to the future with the world increasingly embracing electric vehicles, we sought to partner with the best electric vehicle maker, which is BYD.” Stewart further emphasized the importance of transitioning to clean energy, affirming that electric vehicles have become an enduring presence in the automotive industry. He proudly asserted the capability of Jamaican enterprise to compete on a global scale and announced that pre-orders for BYD vehicles would be accepted immediately, with deliveries scheduled to commence in October. Stewart also revealed ambitious plans for an extensive rollout of showrooms across the Caribbean, firmly establishing BYD as the region’s premier EV brand.

Neva Zhang, the Country Manager of Caribbean and Central American Countries at BYD, echoed Stewart’s sentiments and highlighted the significance of the collaboration with ATL Automotive Group. Zhang emphasized BYD’s commitment to sustainability, stating that the brand’s philosophy revolves around protecting the planet and benefiting future generations through green technologies. With a brand vision centered on cooling the Earth by 1°C, BYD aims to establish ten showrooms in the coming year in partnership with ATL Automotive, offering enhanced user experiences and promoting sustainable mobility throughout the region.

The partnership between BYD and ATL Automotive signifies a milestone in the Caribbean’s transition towards clean and sustainable transportation. With BYD’s expertise in EV manufacturing and ATL Automotive’s extensive regional presence, this collaboration promises to accelerate the adoption of electric vehicles and contribute to a greener future for the Caribbean and beyond.

© 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.

(BRK.A), (BRK.B)

BYD, the Chinese automobile manufacturer backed by Berkshire Hathaway, continues to shatter sales records with its remarkable performance in the market. The company achieved a significant milestone in June, surpassing its previous sales record of 240,220 units, which was accomplished in May. The figures speak volumes about BYD’s unwavering success in the competitive automotive industry.

During the month of June alone, BYD sold an impressive total of 253,046 new energy vehicles, a 5.3% increase over its May sales volume. Furthermore, the year-to-date sales for BYD have reached an impressive figure of almost 1,2 million units, almost double the 641,350 units sold during the first six months of 2022. This remarkable growth signifies the company’s ability to consistently deliver high-quality vehicles that cater to the evolving needs and preferences of the modern consumer.

BYD’s success can be attributed to its commitment to technological advancements and sustainability. The company has been at the forefront of the new energy vehicle revolution, leveraging its expertise in battery technology and electric powertrains to develop popular vehicles that are both environmentally friendly and 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.

(BRK.A), (BRK.B)

BYD has unveiled its new sub-brand, FANG CHENG BAO, which aims to meet the evolving needs of consumers by offering a range of unique and professional-grade new energy vehicle models. As the fifth addition to BYD’s brand matrix, FANG CHENG BAO complements the existing Dynasty series, Ocean series, Denza, and Yangwang.

The FANG CHENG BAO lineup covers a wide spectrum of vehicles, ranging from off-road vehicles to sports cars. The brand’s inaugural model, a rugged SUV with the codename SF, is expected to hit the market later this year. The brand name itself, FANG CHENG BAO, carries a symbolic meaning. In Chinese, it translates to “Formula” and “Leopard,” representing the pursuit of transformative rise and exploration in the digital realm. By blending the standards and rules of Formula with the agility and wild versatility of the Leopard, FANG CHENG BAO embodies the brand’s essence and BYD’s vision of future cars and lifestyles.

According to Wang Chuanfu, Chairman and President of BYD, the global e-mobility transition is often perceived as a revolution where electric cars replace vehicles powered by fossil fuels. However, BYD believes that this perspective only captures a fraction of the true transformation that lies ahead. Wang Chuanfu shared, “A greater realm is unfolding.” FANG CHENG BAO, therefore, serves as the prelude to this revolution in BYD’s vision. The brand embraces an attitude of always staying ahead of trends, envisioning a future where FANG CHENG BAO and its users decode the personalized car life through a diverse range of new energy vehicle products.

© 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.