Tag: BYD Co

(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.

(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.

(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.

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.

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.