Tag: BYD Co

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BYD Expands Mexico Presence With Auto Dealer Network

(BRK.A), (BRK.B)

Berkshire Hathaway-backed BYD’s cars are still not available in the U.S., but they are getting closer and closer. BYD recently unveiled its luxury sedan HAN EV and all-electric SUV TANG EV at a test drive event in Mexico.

BYD announced its partnership with eight local dealers: Grupo Continental, Grupo Cleber, Grupo Dalton, Grupo Excelencia, Grupo Farrera, Grupo Fame, Liverpool, and Grupo del Rincón. The global enterprise is expected to expand its local presence in the country and introduce its top-of-the-line new energy vehicles (NEVs) to the Mexican market in 2023.

Zhou Zou, Country Manager of BYD Mexico, stated, “We are happy with this new step BYD is taking in Mexico. We want to be a long-term partner with projects that promote zero-emission solutions in the country. BYD Mexico now boasts more than 9 years of local experience, achieving significant milestones in new energy taxis, trucks, and forklifts. Today marks a new milestone for BYD, and we will bring new energy passenger vehicles to Mexican users in the first half of 2023.”

As BYD’s flagship Sedan, HAN EV comes equipped with BYD’s revolutionary Blade Battery, which offers outstanding performance in terms of safety and range. With a 0-100km/h sprint time of just 3.9 seconds, participants were allowed to enjoy the incredible handling experience of electric vehicles.

Neva Zhang, the Commercial Director of BYD Mexico, noted that BYD is excited to grow its global market presence in Mexico. “To cope with industrial transformation and ever-changing consumer trends, BYD will continue to focus on technological innovation”, said Zhang, “In addition, we will always respond to people’s pursuit of a better life with advanced technologies and diversified products.”

Electromobility is an environmental and economic trend. In Mexico, 50% of polluting emissions are generated from the use of electricity and transportation, with one-fifth stemming from transportation emissions, according to Statista, a global data collecting platform. Thus, reducing the emissions generated by motor transport must be a priority in the future.

For over 20 years, BYD has provided excellent sustainable electric vehicles experience to global users. On November 2022, BYD hit a new milestone with the 3 millionth NEV produced. By working with local partners, BYD will build a localized sales and service system, to ensure better consumer experiences for Mexican users.

© 2022 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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Minority Stock Positions

Berkshire Sells More BYD Shares

(BRK.A), (BRK.B)

Berkshire Hathaway is continuing its reduction of the number of shares it owns in Chinese automaker BYD. Berkshire sold 5.78 million of BYD’s Hong Kong-listed shares on November 8, according to its latest stock exchange filing.

The latest sale reduces Berkshire’s stake in BYD to 16.62 percent.

Berkshire first began trimming its stake in BYD in mid-July, and just last week, Berkshire sold 3.297 million Hong Kong-listed shares.

In 2008, Berkshire Hathaway bet on BYD’s potential, purchasing 225 million shares for $232 million.

© 2022 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

BYD Plans Rapid Retail Expansion in Brazil

(BRK.A), (BRK.B)

Berkshire Hathaway-backed BYD is aiming for rapid expansion of its retail stores across Brazil, as it boosts its sales of automobiles in the country and partners with Santander Bank to offer customers auto financing.

Currently, BYD has nine stores in the Brazilian market. Its local presence is projected to reach 45 cities by the end of 2022 and reach 100 locations by the end of 2023.

Besides vehicles, BYD Brazil also offers customers overall new energy solutions, which include the generation of clean energy by photovoltaic modules manufactured by BYD.

BYD Brazil has signed a strategic partnership with Santander Bank, the leading bank in automotive financing in Brazil. This will furnish one-stop auto financing services for the customers, from credit analysis, and credit approval, to payment options through a fully digital platform. Also, the partnership will benefit the local dealers to manage and grow their business of electric passenger vehicles.

© 2022 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

BYD-Mercedes D9 MPV Sales Go Through The Roof

(BRK.A), (BRK.B)

Sales of Berkshire Hathaway-backed BYD’s joint venture with Mercedes-Benz, the D9 premium MPV, started deliveries Sunday, and sales are already going through the roof. Presales racked up 30,000 orders for the multipurpose vehicle that they market under the upscale Denza brand.

Engineered and produced in and for the China market, the DENZA brand combines Daimler’s vehicle architecture expertise with BYD’s leading battery technology.

The D9 is offered as both a plug-in hybrid and pure electric vehicle, and the EV boasts a 500KM range.

© 2022 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

BYD Launches EV Sales in India

(BRK.A), (BRK.B)

Berkshire Hathaway-backed BYD has launched the premium electric SUV, BYD-ATTO 3, India’s First Sporty Born E-SUV.

This marks BYD’s official entry into the Indian passenger vehicle market with its brand mission of “Technological Innovations For A Better Life.”

Equipped with the ultra-safe Blade Battery and the born EV platform (e-Platform 3.0), BYD-ATTO 3 features fast charging from 0% to 80% within 50 mins, a range of 521km according to ARAI tests with a higher battery capacity of 60.48kWh, and a 0-100km/h acceleration time of 7.3s. With a sporty and powerful exterior and rhythmic interior, BYD-ATTO 3 also features L2 Advanced Driving Assistance System (ADAS) BYD Dipilot, 7 airbags, the panoramic sunroof, a 12.8-inch adaptive rotating suspension electronic pad, 360° holographic transparent imaging system, NFC card key, the Vehicle to Load (VTOL) mobile power station and other leading configuration, making this car competitive in the market.

BYD-ATTO 3 is the first model in India built on the e-Platform 3.0, which is designed for the next generation of pure electric vehicles with the Blade Battery, an 8-in-1 electric powertrain, and highly integrated domain controllers. The platform features the world’s first 8-in-1 electric powertrain (with drive motor, motor controller, reducer, onboard charger, DC converter, high-voltage distribution box, vehicle controller, and Battery Management System (BMS) integrated), resulting in a 20% overall size reduction and 15% weight reduction and allowing the overall efficiency to exceed 89%.

BYD-ATTO 3 is powered by the Blade Battery, which passes the nail penetration test, one of the industry’s most rigorous tests for batteries. The battery also emerged unscathed and fully operational after a 46-tonne truck drove over it without exhibiting leakage, deformation, or smoke.

BYD-ATTO 3 features sharp lines and a strong, sporty posture adding to the vigorous aesthetics of the Dragon Face 3.0 design language led by Wolfgang Egger, BYD’s Design Director. Its advanced, intelligent cabin is styled in the spirit of sports and competition. Inspired by the interior design concept of gym and music, BYD-ATTO 3 exhibits passion, energy, and power.

The car is equipped with a panoramic sunroof measuring 1,261 mm long and 849 mm wide with electric slide and anti-pinch features. It also comes standard with a 12.8-inch adaptive rotating suspension electronic pad supporting a 360° holographic transparent imaging system. The panoramic sunroof and imaging system are the largest among cars in the segment.

BYD-ATTO 3 is also equipped with a mobile power station that allows the vehicle to transform into a super mobile power bank. This power station supports power up to 3.3kw, satisfying most needs of high-power electrical appliances.

BYD-ATTO 3 provides intelligent driving systems and multi-sensor layouts with the BYD DiPilot L2 driving assist system. It is also equipped with 7 airbags, a robust steel body structure, and a safety-oriented chassis design.
The car also has other features such as mobile phone wireless charging, one-touch electric control tailgate, NFC card key, an 8-speaker audio system, electric seat adjustment, voice control, LED headlamps, LED rear lights, multi-color gradient ambient lighting that responds to music rhythm, PM 2.5 air filter, CN95 air filter, etc.

Sanjay Gopalakrishnan, Senior Vice President of Electric Passenger Vehicles of BYD India, said, “We are happy to announce the launch of our much-acclaimed electric SUV in India. With proven and innovative technology, we are on track towards building a stronger ecosystem that facilitates EV adoption in our country. The launch of BYD-ATTO 3 is a step towards this mission. We will constantly contribute to building a greener future.”

“BYD has two plants in India covering more than 140,000 sqm with 3,000 employees and a cumulative investment of over $200 million in the country. We are fully committed to India’s goal of achieving net-zero emissions by 2070 and will promote sustainability and zero emissions by introducing pure electric vehicles and the latest technologies. We intend to sell 15,000 units of BYD-ATTO 3 in India over the next year and plan to set up a local manufacturing facility in the due course.” Added by Ketsu Zhang, Executive Director of BYD India.

BYD has 24 showrooms across 21 cities in India and aims to expand to at least 53 showrooms by the end of 2023. Furthermore, BYD India plans to participate in the Auto Expo 2023 and will debut more products and technologies for the Indian market. BYD will continue to leverage technological innovations for a better life, promote sustainable development of society, and implement its “Cool the Earth by 1°C” initiative.

© 2022 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

BYD’s July EV Sales Up 183% Over 2021

(BRK.A), (BRK.B)

In July 2022, Berkshire Hathaway-backed BYD sold a total of 162,530 new energy vehicles, which includes 162,214 new energy passenger vehicles.

The sales represent a 183% YOY increase from July 2021.

BYD and Berkshire Hathaway

In 2008, Berkshire Hathaway bet on BYD’s potential, purchasing 225 million shares for $232 million. It’s an investment that has paid off handsomely. Berkshire’s original investment of $232 million had grown in value to $7.69 billion as of December 31, 2021.

© 2022 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

BYD Makes Fortune’s Global 500 List

(BRK.A), (BRK.B)

Berkshire Hathaway-backed BYD, one the world’s leading manufacturers of new energy vehicles, has been named to the Fortune Global 500 list.

Fortune noted that BYD’s aggregate sales increase of 19% is the highest annual growth rate in the list’s history.

BYD’s high-tech enterprise encompasses a product line that includes battery electric automobiles, heavy duty electric vehicles including transit buses and Class 8 trucks, rail transit products including SkyRail, Type D and Type A battery electric school buses, material handling and new energy solutions and electronic devices.

Backed by its innovative technologies, such as the Blade Battery, DM-i super hybrid technology, and the e-platform, BYD sold 730,093 passenger vehicles in 2021, including 593,745 new energy passenger vehicles, with a YoY increase of 231.6%. In the first half of 2022, BYD sold 638,157 new energy passenger vehicles, up 324.8% YoY.

BYD and Berkshire Hathaway

In 2008, Berkshire Hathaway bet on BYD’s potential, purchasing 225 million shares for $232 million. It’s an investment that has paid off handsomely. Berkshire’s original investment of $232 million had grown in value to $7.69 billion as of December 31, 2021.

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

BYD Enters Japanese Market

(BRK.A), (BRK.B)

Berkshire Hathaway-backed BYD has announced its entry into the passenger vehicle market in Japan.

The Chinese EV manufacturer is debuting three models – BYD ATTO 3, BYD DOLPHIN and BYD SEAL.

BYD Chairman and President Wang Chuanfu acknowledged BYD’s long relationship with the Japanese market and said he greatly appreciates the opportunity to grow.

“Over the years, BYD has been deeply engaged in the Japanese market and has accumulated a good market and brand foundation through its pure electric buses, energy storage systems, pure electric forklifts and other businesses,” Wang said. “Today, with the support and expectation of consumers, BYD officially hits the new energy passenger vehicle market in Japan. The longest journey starts with a single step, and we greatly cherish this business opportunity. Full of respect and dedication, we are devoted to providing Japanese consumers with leading technologies, excellent products and high-quality services, aiming to deliver an exceptional travel experience.”

BYD and Berkshire Hathaway

In 2008, Berkshire Hathaway bet on BYD’s potential, purchasing 225 million shares for $232 million. It’s an investment that has paid off handsomely. Berkshire’s original investment of $232 million had grown in value to $7.69 billion as of December 31, 2021.

© 2022 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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Stock Portfolio

BYD Names Louwman as Dealer Partner in the Netherlands

BYD, the world’s leading manufacturer of new energy vehicles (NEVs), has appointed Louwman as its national dealer partner in the Netherlands.

The strategic partnership with the long-established Louwman Group marks an important phase for BYD as it continues to expand its eco-friendly electric passenger vehicle business.

Louwman will offer a digital platform for online ordering, customer service and assistance, and also provide both offline sales and aftersales services for BYD passenger vehicles through its huge dealer network at key locations across the Netherlands.

Several physical stores will be opened at key locations in the Netherlands, starting with Amsterdam. From September, customers will be able to visit the pioneering store in Amsterdam and review BYD’s latest models.

Louwman Group, has a long and successful heritage in the automotive industry dating back nearly a century. Privately owned, it has become one of the largest automotive companies in Europe with branches in 70 locations associated with many global brands. Louwman, like BYD, has traditionally been involved in many successful collaborations, sharing the same ambitions for a greener future through innovative sustainable eMobility solutions.

Michael Shu, General Manager and Managing Director, BYD Europe and International Cooperation Division: “We are proud to start our BYD passenger vehicles journey in the Netherlands with such an experienced and respected partner as Louwman. Louwman’s market recognition and resources combined, will enable BYD to rapidly establish brand awareness and generate sales of our world-leading new energy passenger vehicles in the Netherlands. Like BYD, Louwman is a business that thrives on being innovative. Together we look forward to achieving our shared vision to accelerate electrification and zero-emission transport in the Netherlands.”

Eric Louwman, President of Louwman Group: “It is an exciting partnership and fits perfectly with our goal of ‘Mobility for Life’. BYD is the world’s leading NEV manufacturer who is known around the globe for groundbreaking battery technology, which is at the heart of all BYD’s impressive new energy vehicles. We are delighted to offer a wide appealing range of eco-friendly BYD vehicles to our customers in the Netherlands with the reassurance of superior safety, long range performance and high standards of all-round quality. Leasing companies are already showing great interest in various models.”

BYD and Berkshire Hathaway

In 2008, Berkshire Hathaway bet on BYD’s potential, purchasing 225 million shares for $232 million. It’s an investment that has paid off handsomely. Berkshire’s original investment of $232 million had grown in value to $7.69 billion as of December 31, 2021.

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 Passes Tesla in Global EV Sales

(BRK.A), (BRK.B)

Berkshire Hathaway-backed BYD sold a company record 134,036 new energy vehicles in June, as it moved passed Tesla as the global EV sales leader.

BYD sold 641,000 vehicles since January, and is aiming to sell 1.5 million EVs in 2022, which would more than double its 2021 sales.

BYD has also passed South Korea’s LG to move into second-place among global producers of EV batteries. BYD is second only to China’s Contemporary Amperex Technology (CATL).

In mid-June, BYD’s board approved a 33 percent rise in the share price the new energy company can pay to buy back its shares. The company can now pay up to 400 yuan each for shares repurchased from the open market.

The increase in purchase price comes as BYD’s share price is flirting with a new all-time high that has seen its market value move the company into third place among global automakers ahead of Volkswagen.

BYD and Berkshire Hathaway

In 2008, Berkshire Hathaway bet on BYD’s potential, purchasing 225 million shares for $232 million. It’s an investment that has paid off handsomely. Berkshire’s original investment of $232 million had grown in value to $7.69 billion as of December 31, 2021.

© 2022 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.