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.
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.
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.”
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.
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.
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.
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.
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, 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.
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.
Tesla make get the lion’s share of the attention, but it is Berkshire Hathaway-backed BYD that is first to pass the five million new energy vehicles produced mark. BYD produced its 5 millionth new energy vehicle (NEV), a DENZA N7, on August 9th, making it the first automaker in the world to achieve this milestone.
“Today marks a historic moment for BYD as we witness our 5 millionth new energy vehicle rolls off the production line”, said Wang Chuanfu, Chairman and President of the company, at the ceremony held at BYD’s global headquarters to celebrate this momentous achievement. “On this special occasion, we would like to extend our sincere gratitude to our customers across the globe for their trust in our products, our partners in the industry for this journey shared together, and every one of our employees whose hard work and dedication have made this landmark possible.”
BYD spent 13 years for the first million new energy vehicles, another 18 months to reach three million, and today astoundingly, just 9 more months to hit the five million mark. In 2022, BYD’s new energy vehicles saw remarkable growth, with total sales surpassing 1.86 million. The momentum continued in 2023, as the company reached an impressive cumulative sales volume of 1.5 million units from January to July, including a notable 92,469 units sold overseas which exceeded the total overseas sales for the entire year of 2022. As of July 2023, BYD’s global new energy vehicle sales have soared beyond 4.8 million units accumulatively, another testament to the company’s commitment to sustainable transportation solutions.
BYD has been actively expanding its global presence since 2010, strategically introducing new energy buses and taxis for public transit electrification. With a decade of dedicated efforts, BYD’s electric public transport solutions are now operational in over 400 cities across more than 70 countries.
Meanwhile, BYD’s new energy vehicles have now made a mark in over 54 countries, with the BYD ATTO 3, one of its standout models, leading NEV sales in Thailand, Israel, and Singapore for several months.
In a significant move in July 2023, BYD announced plans for three new factories in Brazil, reinforcing its role as a driving force in the industry.
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.
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, 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.
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, 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.