002594 trade ideas
BYD Launches Flagship 'Han' EV in Costa RicaThe sedan also debuted in other Central American countries.
BYD announced today that it has launched its flagship sedan Han EV in Costa Rica, in partnership with local distributor Corimotors.
"This cooperation will drive down carbon emissions to reach Costa Rica’s net-zero emissions goal by 2050," said Pedro Dobles, the General Manager of Corimotors.
"As BYD's flagship NEV sedan, the HAN EV has incredible driving performance with safety guaranteed. In the future, more BYD new energy cars will be introduced to provide local consumers with more options," Dobles added.
BYD launched the Han models in China last July – including the Han EV, an all-electric version with an NEDC range of 605 kilometers, and the Han DM, a hybrid model with a range of 81 kilometers on pure electric power.
Figures released by the company earlier this month show that Han sold 11,087 units in China in October, up 47 percent year-on-year and up 8 percent from September.
The Han EV sold 8,287 units in October, up 63.9 percent year-on-year, and the Han DM sold 2,800 units, up 12.4 percent year-on-year.
Cumulative BYD Han sales in China have reached 131,679 units since deliveries began in July last year, according to CnEVPost.
Notably, BYD is already one of the biggest players in the Costa Rican NEV market.
Earlier this month, BYD delivered 29 YUAN Pro EVs to a local Walmart, making it the largest all-electric EV fleet in Costa Rica.
Since 2020, BYD has been the top-selling NEV brand in Costa Rica, with a 30 percent market share in the local EV market, according to the company.
This article was first published by Phate Zhang on CnEVPost, a website focusing on new energy vehicle news from China.
When long strong resistance becomes support..BYD Company Limited ($BYDDF)
THE COMPANY:
BYD Company Limited, together with its subsidiaries, primarily engages in the research, development, manufacture, and sale of automobiles and related products worldwide. It operates through three segments: Rechargeable Battery and Photovoltaic Products; Mobile Handset Components and Assembly Service; and Automobiles and Related Products. The company offers internal combustion, hybrid, and battery-electric passenger vehicles; buses, coaches, and taxis; logistics, construction, and sanitation vehicles; and vehicles for warehousing, port, airport, and mining operations. It also manufactures and sells lithium-ion and nickel batteries, photovoltaic products, and iron batteries primarily for mobile phones, electric tools, and other portable electronic instruments; mobile handset components, such as housings and keypads; and automobiles, and auto-related molds and components, as well as provides assembly, and automobiles leasing and after sales services. In addition, it offers rail transit equipment; consumer electronics; and solar batteries and arrays, as well as involved in the urban rail transportation business.
THE TRADE:
Support and resistance levels are important points in time where the forces of supply and demand meet. These support and resistance levels are seen by technical analysts as crucial when determining market psychology and supply and demand. When these support or resistance levels are broken, the supply and demand forces that created these levels are assumed to have moved, in which case new levels of support and resistance will likely be established.
A key concept of technical analysis is that when a resistance or support level is broken, its role is reversed. If the price falls below a support level, that level will become resistance. If the price rises above a resistance level, it will often become support. As the price moves past a level of support or resistance, it is thought that supply and demand has shifted, causing the breached level to reverse its role. (source: Investopedia)
Sales of new energy vehicles surged 148% in September, data from the China Association of Automobile Manufacturers showed, spurred by Beijing’s promotion of greener vehicles to cut pollution.
I'm long with a stop below the line.
Long term investment.
Trade safe!
BYD Elliot all time - now in A-B-CHello,
I've been watching BYD for quite a long time.
We've been through Elliot 1-5;A-C;1-5:
This suggests that this asset is riding those waves all day long.
My interpretation of the most recent price action:
We're now on the way from A to B and expecting to reach point C soon @Fibonacci 0.382 =(€27)
This level around 27€ would be my preferred long entry.
Currently we're at 32.15€ which might make a short position interesting: now to C is -16%
Finding a suitable stop loss is complicated though. I'd suggest 33.50€ as stop if you go short.
This is not financial advice.
BYD Reportedly to Raise Battery Prices by Over 20% Next MonthBYD's reasoning is that the raw materials for lithium batteries have been rising due to market changes, power restrictions, and production limitations.
BYD, China's largest new energy vehicle company, is also the second-largest local supplier of power batteries after CATL. As costs rise, the company is said to be raising the price of its batteries.
BYD will raise the unit prices of its battery products, including CO8M, by no less than 20 percent from November 1, the Securities Times said Tuesday, citing a document.
BYD argues that the raw materials for lithium batteries in 2021 continue to rise with the price of cathode material LiCoO2 rising by more than 200 percent and electrolyte prices rising by more than 150 percent.
Material supply continues to be tight, resulting in a significant increase in comprehensive costs, according to the Securities Times.
Since November 1, BYD and its customers will sign new contracts for new orders and implement new prices, and orders for old contracts that have not been completed will be closed and canceled, according to the report.
Local media cls.cn then quoted BYD insiders as saying that the information is currently being verified.
It's unclear whether CO8M batteries are power cells used in new energy vehicles, and public sources can't find an explanation of the term.
BYD is also one of the world's largest suppliers of batteries for cell phones and ranks second in China's power battery market.
Data released earlier this month by the China Automotive Battery Innovation Alliance showed that BYD's installed power battery capacity in China was 14.73 GWh from January to September this year, with a 16 percent market share.
CATL's installed capacity from January to September was 46.79 GWh, ranking first with a 50.8% market share.
It is worth noting that BYD's power cells are mainly supplied to itself and have been used in some other brands' new energy logistics vehicles since 2018.
This year Ford Mustang Mach-E and some FAW Hongqi models started using BYD's power cells.
In May, the Digi Times reported that with the price increase of China-made Tesla Model 3, rumors said CATL might follow with a 10 percent price increase.
The report mentioned that LFP raw material prices have jumped 50 percent this year, but battery suppliers have taken on the pressure of the price hike themselves for fear it would lead to lost orders.
Citing sources, the report said most LFP battery makers want CATL to take the lead in raising prices in response to the steep rise in LFP material costs, making it easy for the industry to follow suit.
CATL later responded that the report that its LFP battery offer would be raised was not true.
This article was first published by Phate Zhang on CnEVPost, a website focusing on new energy vehicle news from China.
BYD COMPANY Daily TimefameSNIPER STRATEGY
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Start believing in this strategy because it will reward believers with huge profit.
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BYD, China's Next Hardware GiantAccording to Wilson's report, the average price of BYD's vehicles has surpassed that of popular joint venture brand Volkswagen by about CNY 10,000.
BYD is an automobile company that provides vehicles, EV batteries, semiconductors and electronics foundry services.
We estimate its stock's value based on the sum-of-the-parts (SOTP) method.
The company's EV and battery businesses account for most of the valuation.
We consider BYD to be currently undervalued and expect a 22% upbeat.
In 2020, the Chinese NEV market had a stellar performance – NIO, Xpeng and Li Auto all delivered considerable volumes of vehicles. Meanwhile, we spotlight BYD, a car maker once invested by Warren Buffett, as a best-in-class electric vehicle company. With its solid fundamentals, BYD is likely to become a major hardware conglomerate – much like Tencent or Alibaba in the consumer Internet sector. This article will examine the company's business segments, touch upon potential risks, and conduct an SOTP analysis to value its shares.
Intro
Wang Chuanfu incorporated BYD in 1995, inspired by the prospects of the Li-ion battery applications. Since then, he has led the company, building it into an agile manufacturing mammoth capable of starting new ventures and succeeding quickly across many fields. For one, BYD started to produce face masks in the first days of the COVID-19 outbreak and has now become the biggest mask producer worldwide. Its business segments remain the same though – those are internal combustion engine (ICE) vehicles, EVs, power batteries, auto semiconductors and electronics assembly services.
Auto OEM
BYD sells both ICE vehicles and EVs, primarily in China (but is getting more active abroad).
In 2020, it sold 231,000 units of ICE cars, a year-on-year (YoY) increase of 3.8%. The parts sales accounted for a significant share of total revenue but remained less profitable. Now, BYD is full speed ahead to transform itself into an EV-based company. Because BYD didn't disclose its total ICE car sales revenue, we broke down its revenue streams and assumed the average selling price (ASP) was between CNY 100,000 to CNY 110,000. Therefore, ICE generated revenue of CNY 24 billion in 2020. We expect the ICE business will drop 10% in the next few years as the sales momentum will shift to EV. In 2022, the revenue will reach CNY 19.4 billion. With a 2x PS ratio based on Great Wall Motor and Geely Auto, the ICE business will be valued at CNY 38 billion.
In the meantime, EV sales has become the most valuable business – last year, BYD sold 162,000 EVs, a YoY decrease of 12.5%. After upgrading the 'dynasty' EV series, BYD entered the middle-to-high-end market. The series adopts self-made 'blade batteries' to prevent EV from battery catching fire. The hit model 'Han,' a car somewhat similar to Tesla's Model 3 and Xpeng P7, sold 8,522 units in July, surpassing the sales volume of NIO and Xpeng.
According to the 2020 financial report, BYD made CNY 24.4 billion in revenue from EV sales. We project the EV sales will increase by 100% (based on the fact that sales from January to July 2021 surpassed last year's figure) and by 25% in 2021 and 2022, respectively. We also assume the ASP will increase by 5% in 2021 and 2022 as more high-end models are delivered. For these two years, the revenue will hit CNY 51 billion and 67 billion. With a 10x 2022 PS ratio, the EV department is worth CNY 670 billion.
Power battery sales is another core business for BYD alongside EVs. According to SNE research, BYD's installed capacity reached (link in Chinese) 7.8 GWh during the first half of 2021, ranking No.4 worldwide. This is 23% of CATL's installed capacity. Therefore, conservatively speaking, we estimate the market capitalization of BYD's battery division will be one-fifth of CATL's. Thus, the power battery business is worth CNY 240 billion, based on the fact that CATL's market cap had already reached CNY 1,200 billion as of August 9, 2021.
BYD Semiconductors
Semiconductor manufacturing is another important segment for BYD. It is set to be spun off from BYD to go public. It features auto semiconductors, which provide IGBT, smart control IC, sensors and optoelectronic semiconductors. BYD semiconductors can independently design, manufacture, package and test chips. It is the only company to achieve this in China. Based on our latest report, auto chips will be in high demand as more vehicles will be electrified in the future. As per BYD's 2020 report, the semiconductor business was valued at CNY 7.5 billion in May 2021. We believe the figure will triple while launching on the open market. It is estimated that BYD will deliver semiconductors worth up to CNY 20 billion.
BYD Electronic
Apart from providing high-end products, BYD also made CNY 60 billion toplines (38% of total 2020 revenue) from assembling smartphones, tablet computers and laptops. These products show low profitability similar to other electronics foundries like Hon Hai Precision. We refer to Hon Hai's 0.25x 2022 PS ratio and project 12% growth in the next two years. We calculated that BYD Electronic is valued at CNY 18 billion.
To sum up, BYD is valued at CNY 988 billion. Even so, we think the estimation is a bit conservative as some assumptions aren't considered in it. BYD's EV will deploy more self-made batteries and chips, which will save a lot of costs for the company in the long term. What's more, rumors said BYD's battery had been tested by Tesla and would likely be equipped with Tesla's vehicles. This potential opportunity will significantly boost BYD's valuation in the battery division.
Risks
BYD's EV sales were affected by the industry's downslide in 2019 and 2020. Moreover, the EV market has been involved with intensified competition, as proved by the price slash of a few models and few companies leaving. BYD, with its comprehensive business mix, should have the means to face these challenges.
Conclusion
Viewed as part of the big picture, BYD is a company less profitable than some of its auto peers – one with a 2.6% net profit margin in 2020. We consider the company to have set margin improvement as a long-term goal, while also expanding in the EV battery and related battery segments. Although BYD just saw a market cap rally in the past few days, we believe it is still undervalued and has a 22% upbeat opportunity as of August 20, 2021.
EO500 Tracker: BYD Boosts Overseas Sales Amid COVID-19 PandemicCOVID-19 has severely affected global markets. As per the recent IMF report, the world's GDP declined by 3.5% in 2020, with a significant increase in unemployment, disposable income reduction and lowered productivity in secondary and tertiary industries.
At the same time, this period of turbulence separated the wheat from the chaff, filtering out uncompetitive companies. Adjusting their businesses, many firms have responded with localization strategies, while others have seized opportunities in overseas markets to reinforce their global influence.
Among the 45 largest (by market cap) publicly-traded EO500 companies, 16 firms saw their overseas revenues increasing in 2020. In this regard, BYD, Xiaomi and Tencent were among the best performers, with year-on-year growth of 203%, 34% and 103% respectively.
Founded in 1995 and swiftly known as a pioneer in battery technology, BYD (01211:HK) expanded its footprint worldwide, with operations in over 50 countries and regions. It has a strong market presence, principally participating in the automobile business, offering traditional fuel-engine vehicles and new energy vehicles, rechargeable batteries, handset components and other related products.
With the strongest performance in the international market amid the pandemic and global economic uncertainty, the company's overseas revenue rocketed from CNY 19.5 billion to CNY 59.1 billion, establishing a leading position in the global new energy vehicles sector.
Such a massive growth was driven mainly by the combination of improved product quality and growing demand. With a patent portfolio covering lithium iron phosphate batteries, control technologies in bidirectional converters and high-power charging systems, BYD continues building its high-tech prowess.
Besides the firm's technological advancements, cost advantage is speeding up the process as well. In recent years, BYD tried to localize its production worldwide, establishing manufacturing plants in numerous countries like the US, Brazil, France and Hungary. This long-term development strategy helps the company minimize costs and avoid tariffs, providing advanced after-sale services.
buy BYD nowThe issue of NIO’s autonomous driving has caused BYD’s stock price to fall under pressure. However, BYD’s sales soared in July and opened four bases in August to acquire three eight talents and two 12-inch semiconductor factories.
BYD Tang exports only to Norway, and the little dolphins basically arrive in the store. The sales volume is expected to be four to five thousand per month
I believe that BYD still has buying potential
Tesla's rivalRisk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you.
Good luck
BYD Enters Europe with Delivering Tang EV in NorwayThe Shenzhen-based firm has imported a total of 100 units of the Tang EV to the Scandinavian nation.
The Chinese EV-maker shipped the first 100 BYD Tang EVs from Shanghai to Norway about two months ago which was the company's first passenger car shipment to a European country. BYD plans to deliver as many as 1,500 units of the BYD Tang EV to dealers in Norway this year. The company has pre-sold 500 units in the country already. Along with its Scandinavian distributor RSA, the Chinese auto veteran has built up a network of 45 dealers.
The subsidized price of the EV in China is CNY 279,500 to 314,800, while the car will be sold for about 600,000 Norwegian kroner in Norway which is about CNY 130,000 more expensive.
In July this year, BYD's sales of new energy passenger cars soared by 262.7% year-on-year to reach 50,057 units, setting a new record for the firm's own monthly sales. It also marked a record high for China's monthly sales of new energy passenger cars.
BYD Sold 50,492 NEVs in July, Up 234% from a Year AgoBYD may supply its "blade battery" to Tesla in the second quarter of next year.
BYD's new energy vehicle sales in July were 50,492 units, up 234 percent from a year ago and 22 percent from June.
So far this year, BYD has sold 205,071 new energy vehicles, an increase of 170.62 percent over the same period last year, it said in an announcement.
BYD sold 50,057 units of new energy passenger vehicles and 435 units of commercial vehicles in July.
It sold 24,996 battery electric vehicles and 25,061 plug-in hybrid electric vehicles in July.
Li Yunfei, general manager of BYD's passenger vehicle brand and public relations division, said in early June that the company's new energy vehicle sales will surpass Tesla China in June and is expected to become the global new energy vehicle champion within the year.
BYD sold 41,366 new energy vehicles in June, up 192 percent from the same month last year and 26 percent from May.
By comparison, according to the China Passenger Car Association, Tesla China's wholesale sales in June were 33,155 units, up about 122 percent year-over-year.
This article was first published by Phate Zhang on CnEVPost, a website focusing on new energy vehicle news from China.
BYD(1211) BUY OR LONG, TARGET $400BYD a Chinese electric car company, confirmed a reasonable " Cup and Handle " pattern
and a target area of $400, with a stop loss of 10%.
BYD's Biggest Dealer In China Signs Deal For 6,000 AutomobilesBYD is probably my favourite stock at the moment mainly because of its electric vehicles and the good news seems to keep on coming.
Article: finance.yahoo.com
Warren Buffet Is Up 3,000% On This Electric Vehicle CompanyEveryone is always talking about Tesla and Nio in the electric vehicle space, but one of my favourite electric vehicle (and battery) companies is BYD. They are HUGE. Well worth having a bit of a Google around - especially YouTube for more information on them to see some of their cars and how they compare.
You can find BYD directly on the HK exchange via HKEX:1211 or on the US exchange via OTC:BYDDF or OTC:BYDDY (no one I've found understands the difference between these two in terms of which is best to buy).
The technical analysis dials below the chart you can find here: www.tradingview.com
BYD to Sell 1,500 Cars in Norway by End-2021BYD ( HKEX:1211 OR OTC:BYDDF OR OTC:BYDDY ) is quite probably my favourite Electric Car Company with the biggest future - even potentially greater than Tesla, but it is SO much more than that. It is a massive company that does everything from producing its own cars, buses, trucks, electric bicycles, forklifts and rechargeable batteries.
Its profile suffers because it is a Hong Kong listed stock, and can only be purchased on the OTC markets in the US. You can buy either of OTC:BYDDF OR OTC:BYDDY
Oh and did I mention Warren Buffet owns a bit under 9% of the company.
One to watch.
BYD Company (Update)Details in Photo!
What do you think?
Like, Follow, Agree, Disagree!
After a nice streak to the upside. Seems we are experiencing a small pullback. Check photo for more insight!
Support a new investor!
BYD Company (Update)Let's see what happens!
I won't be able to provide recent news and mission statements anymore. Please do your due diligence. Every chart I post outside of crypto will be from Berkshire Hathaways Portfolio.
Like, Follow, Agree, Disagree!
BYD CompanyCan Trade under:
BYDDY - Foreign OTC (Expect ADR Fees)
BYDDF- Domestic OTC
(Don't take this as law)
Mission:
Technological innovation for a better life
During the daytime, solar farms capture the power of sunshine;
at night, energy storage systems deliver power to families.
Electric vehicles on the streets and SkyRail systems along green belts
connect the city with zero emissions and zero pollution.
We provide more possibilities for a better life.
We see a new energy future approaching.
This is the mission of BYD, and the green dream of all mankind.
Recent News:
1. Alexander Dennis Limited (ADL) and BYD UK jointly announced today that ADL and BYD will commence the design and assembly of chassis for the BYD ADL partnership's electric single and double deck buses for the British market, ensuring completed vehicles are built in ADL's facilities in the UK. ADL is a subsidiary of leading independent global bus manufacturer NFI Group Inc. (NFI), while BYD is a global leader in batteries, energy management and electric mobility.
2. Bogotá, Colombia - BYD is proud to announce that it has exclusively won cumulative orders to supply 1,002-unit pure-electric buses to the capital of Colombia, Bogotá. This tender was open to all bus technologies, yet BYD won the trust and cooperation of its partners in the fiercely competitive bidding process thanks to its cutting-edge technologies, products and services. This is the largest order for pure-electric buses outside of China to date, which sets a new record in sales volume for the overseas pure-electric bus industry.
3. Hokkaido, Japan - On December 22, BYD and the three-time Japanese Series winners the Hokkaido Nippon-Ham Fighters (“Fighters”) jointly announced a strategic partnership agreement on transportation for the Hokkaido Ballpark F Village (“F Village”), which is slated to be opened in 2023.
By 2023, F Village will also build a brand new baseball stadium known as "ES CON Field Hokkaido", which will also be the main training ground for the Hokkaido Nippon-Ham Fighters, a leading team in the Nippon Professional Baseball Pacific League.
What do you think?
Like, Follow, Agree, Disagree!
BYDDY--Bullish SharkBullish Shark continuation in major uptrend. Conservative targets, be weary of possible Bearish 5-0.
