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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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Minority Stock Positions Stock Portfolio

BYD Passes Tesla in Global EV Sales

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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.

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Stock Portfolio

Berkshire Hathaway-Backed BYD Hits New All-Time High

(BRK.A), (BRK.B)

Berkshire Hathaway-backed BYD’s stock jumped to a new all-time high on Tuesday, with the share price up a dramatic 15.7 percent in the past month.

Shares of BYDDF jumped +$1.17 (2.92%) to close at $41.42 on June 28, 2022.

BYD shares had been on a dramatic run since 2020, rising from $4.52 on March 20, 2020 to an intraday peak of $43.61. The 52-week low was $21.42.

BYD has been posting strong sales for its plug-in EVs, including selling 105,475 cars in China in April.

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.

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.

Categories
Stock Portfolio

As Shares Soar, BYD Raises Stock Repurchase Ceiling 33 Percent

(BRK.A), (BRK.B)

The board of Berkshire Hathaway-backed BYD has 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.

At last month’s shareholder meeting, BYD had stated its repurchase ceiling was 300 yuan each as part of the company’s 1.85 billion yuan (US$277 million) stock repurchase plan.

The increase in repurchase price was disclosed in an exchange filing this past Thursday, and 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.

Categories
Stock Portfolio

BYD UK & Alexander Dennis Limited (ADL) Deliver 1,000th Electric Bus

(BRK.A), (BRK.B)

Berkshire Hathaway-backed BYD UK and Alexander Dennis Limited (ADL) and has delivered its 1,000th zero-emission bus.

The BYD ADL Enviro400EV double decker was part-funded by the Scottish Government and handed over to Stagecoach Bluebird in Aberdeen during Scottish Bus Week in the presence of the Scottish Government’s Minister for Just Transition, Employment and Fair Work.

Working in partnership since 2015, ADL is a subsidiary of leading independent global bus manufacturer NFI Group Inc. (NFI), and BYD is a global leader in batteries, energy management and electric mobility.

Sales of the market-leading, British-built BYD ADL Enviro200EV single decker and BYD ADL Enviro400EV double decker have accelerated rapidly as the transition to zero-emission mobility gathers pace in the United Kingdom. While it took five years to reach the 500th BYD ADL electric bus, the partnership has now delivered its 1,000th vehicle just one year later.

This bus is the last of a fleet of 22 BYD ADL Enviro400EV double deckers which Stagecoach ordered they have since confirmed an order for an additional 13 electric buses of the same type for Aberdeen following the award of funding through the Scottish Government’s follow-on scheme, the Zero-Emission Bus Challenge Fund.

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.

Categories
Minority Stock Positions Stock Portfolio

Link Transit Purchases 8 More BYD Battery-Electric Buses

(BRK.A), (BRK.B)

Berkshire Hathaway-backed BYD has announced that Wenatchee, Washington-based Link Transit has purchased eight additional 30-foot American-made BYD battery-electric buses, building on Link’s long commitment to energy-saving, zero-emission transit technology.

The eight new BYD buses will complement Link’s growing all-electric fleet of 12 30- and 35-foot vehicles, with three additional 35-foot buses on order. Once the new vehicles are delivered, nearly half of Link’s total heavy-duty fleet of 48 vehicles will be all electric.

“We’re thankful for our partnership with Link Transit and to have the opportunity to provide their community with state-of-the-art clean-technology vehicles that are redefining public transportation,” said Patrick Duan, BYD’s Senior Vice President of Operations.

The eight new buses are being built by BYD at its Lancaster, California, Coach & Bus Manufacturing facility.
Every American-built, zero-emission BYD bus eliminates approximately 1,690 tons of carbon dioxide over its 12-year lifespan, according to the U.S. Transportation Department. This is equivalent to taking 27 cars off the road. Each bus also eliminates 10 tons of nitrogen oxides and 350 pounds of diesel particulate matter, improving air quality in the communities that they serve.

“These vehicles have been a tremendous success for us. Without opportunity charging, we’re seeing a range of 190 usable miles. With our Momentum Dynamics wireless opportunity chargers, we are extending this range to over 300 miles per day by charging the vehicles for 5 to 7 minutes 4 – 5 times per day while the vehicle is in the terminal on its hourly end of run lay-over. We have succeeded in replacing our diesel buses with our BYD buses on a one-to-one basis. We use these vehicles for all of our urban routes, in everyday use, with significantly lower operating costs. BYD has been great to work with,” said Richard DeRock, General Manager of Link Transit.

The Link Transit battery-electric fleet in 2022, averages 44 cents a mile in total operating costs, versus 88 cents a mile for its diesel vehicles. (With the recent run-up of diesel prices, the cost per mile has increased to 92 cents).

DeRock noted that the battery-electric buses have been particularly effective in navigating the extreme climate conditions within Link Transit’s service area. “It’s a very challenging operating environment – our winters are cold, and we can see 100 degrees in the summer. Finding vehicles that can maintain their effective range under these conditions is critically important,” he said.

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.

Categories
Minority Stock Positions Stock Portfolio

BYD Makes Strategic Moves to Go Into Level-4 High Autonomous Driving

(BRK.A), (BRK.B)

Berkshire Hathaway-backed BYD has signed key strategic partnerships in order to become a leading provider of self-driving cars.

The company has announced that Horizon Robotics will provide its self-driving “Journey 5” computer chip for certain BYD models set to be launched next year. BYD models equipped with the Journey 5 chip will be available by mid-2023 at the earliest, and BYD is the first car company to announce that it will use the Journey 5 chip in its vehicles.

Horizon Robotics mission statement is “To harness the full potential of AI, we constantly push the boundaries of innovation in AI processors, AI algorithms, AI compute systems and AI toolchains.”

First unveiled in August 2021, Horizon Robotics’ third-generation automotive-grade AI processor Journey 5 is designed for Level-4 high autonomous driving. The company also launched a real-time operating system TogetherOS, which will be fully open to partners along the automotive industry chain.

Kai Yu, founder and chief executive officer of Horizon Robotics, said: “We are proud to become the industry’s first provider of AI processors that enable Level-2 to Level-4 autonomous driving. Horizon is committed to exploring the best human-car interaction experience in both autonomous driving and in-cabin smart system, which we believe is the future of intelligent vehicles. But we cannot do it alone. We open our operating system and toolchains to customers and partners so that they can design solutions catering to their needs and automatically upgrade their software based on our Journey processors.”

In December 2021, BYD made a strategic investment in RoboSense, a world’s leading smart LiDAR system technology company and signed a strategic cooperation framework agreement.

RoboSense is a pioneer in the core technologies of LiDAR hardware, smart sensor software and chips. As the partnership deepens, RoboSense will keep pace with BYD, continuously upgrade the technological capacity in intelligent perception, and form a deeply integrated technology matrix to broaden the vertical coverage across the industry chain and jointly promote the innovation and transformation of the smart new energy vehicle industry.

RoboSense and Horizon Robotics

Also in December 2021, RoboSense formed a strategic partnership with Horizon Robotics to mobilize their respective technological capacity and mass production experience to roll out in-depth cooperation focusing on advanced driver assistance systems (ADAS), autonomous driving, robotics, new intelligent transportation infrastructure and other applications.

Leveraging its leading smart LiDAR software and hardware technologies, RoboSense will join hands with Horizon Robotics to promote the large-scale commercialization of all segments of intelligent connected vehicle.

According to the partnership agreement, based on RoboSense’s second generation smart solid-state LiDAR RS-LiDAR-M1 and Horizon Robotics’ Journey 3 and Journey 5 automotive smart chips, the two companies will collaborate on the development and adaptation of integrated perception solutions for high-level autonomous driving pre-installed mass production. In the future, the partners will mobilize their respective advantageous industry resources to jointly promote the all-round standardized implementation of the domestic intelligent connected transportation industry.

BYD recently announced that it would no longer produce gas-only cars, and its March new energy vehicle sales in China hit a record 104,878 vehicles, as compared to only 24,218 in March 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.

Categories
Minority Stock Positions Stock Portfolio

BYD Stops Building Gas-Only Cars

(BRK.A), (BRK.B)

Berkshire Hathaway-backed BYD has stopped the production of automobiles powered only by gasoline, with the final model rolling off the assembly line in March.

The Shenzhen, China-based automaker will turn its focus to manufacturing innovative battery- electric vehicles, including high-tech battery electric cars and trucks and plug-in hybrids, company officials said.

While EV battery fires have been a concern with some EVs, including the Chevy Bolt brand, which had all its vehicles recalled to replace defective lithium-ion battery modules in Chevrolet Bolt EVs and EUVs, BYD uses its patented ultra-safe Blade Batteries in all its pure electric models.

According to the company, the Blade Battery has successfully passed the battery industry’s so-called “Everest” test – the nail penetration test, which proves it will never spontaneously ignite.

BYD will continue to produce and supply the components for internal combustion (ICE) vehicles so as to continually provide comprehensive service and after-sales support to existing customers.

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.

Categories
Minority Stock Positions Stock Portfolio

BYD Selects NVIDIA DRIVE Hyperion for Next-Generation Software-Defined EVs

(BRK.A), (BRK.B)

Berkshire Hathaway-backed BYD, one of the world’s best-selling EV brands, is collaborating with NVIDIA on intelligent driving technology.

BYD will use the NVIDIA DRIVE Hyperion computing architecture in its new energy vehicles (NEVs) for automated driving and parking, starting in the first half of 2023.

BYD is a leader in the electric vehicle industry, and NVIDIA is a leader in artificial intelligence (AI). The cooperation is an important joint effort in the production and deployment of environmentally sustainable NEVs that become increasingly intelligent with over-the-air software updates.

BYD’s NEVs will feature the NVIDIA DRIVE Orin SoC as the centralized compute and AI engine for automated driving and intelligent cockpit features.

NVIDIA DRIVE Orin, the world’s highest performance automotive-grade SoC, is the AI brain of next-generation vehicles. Delivering 254 TOPS (trillions of operations per second) of compute performance, DRIVE Orin features high-speed peripheral interfaces and high memory bandwidth (205GB/sec) to seamlessly handle data from multiple sensor configurations for safe and secure intelligent driving capabilities. NVIDIA DRIVE Orin achieves systematic safety standards such as ISO 26262 ASIL-D to ensure safe, highly advanced intelligent driving.

NVIDIA DRIVE Orin system-on-a-chip

“Software-defined autonomy and electrification are some of the driving forces behind the automotive industry’s transformation. Through the power of AI and the NVIDIA DRIVE platform, BYD will deliver software-defined EV fleets that are not only safe and reliable but also improve over time,” said Rishi Dhall, Vice President of Automotive, NVIDIA.

With industry-leading technologies such as the Blade Battery, DM-i super hybrid technology, and the e-platform, BYD sold nearly 600,000 electric passenger vehicles in 2021 and had achieved a cumulative production and sales volume of electric passenger vehicles over 1.5 million units. In China, BYD has dominated the top sales of electric passenger vehicles for nine times. Leveraging its strengths in technology, quality, and performance over the last 27 years, BYD continues connecting with customers, fans, and partners, through new technology, wisdom, and value, to drive the industry forward together.

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.