BYD's Expansion in Indonesia - BYD plans to complete a $1 billion EV plant in Indonesia by the end of 2025, targeting a market traditionally dominated by Japanese automakers [1] - The plant, located in Subang, West Java, will have an annual production capacity of 150,000 EVs and is intended to serve the export market [2] - BYD benefits from a temporary exemption from import duties in Indonesia, a policy aimed at boosting EV demand and attracting foreign investment [3] BYD's Market Performance in Indonesia - In its first year of sales in Indonesia, BYD sold 15,429 units, capturing about 36% of the battery-based EV market share [4] - The M6 seven-seater MPV was BYD's top-selling model in Indonesia last year [4] - BYD plans to launch additional models in 2025, including its premium Denza brand, aiming for rapid sales growth [5] BYD's Global Expansion and Sales - BYD surpassed its global sales target in 2024, delivering over four million units [5] - The company has been expanding its footprint in Southeast Asia, challenging Japanese and Korean automakers [5] - BYD inaugurated its first EV plant in Thailand in 2023, a $490 million facility with a production capacity of 150,000 units per year [5] - In Singapore, BYD extended its lead over Tesla in the first half of 2024 [5] Industry Context and Indonesia's EV Goals - Indonesia aims to produce 600,000 domestically manufactured EVs by 2030, supported by measures to encourage foreign investment [3] - The country is part of a broader trend in Southeast Asia to boost EV adoption and attract automakers [3]

BYD Company Limited (BYDDY) has partnered with Grab, Southeast Asia’s leading ride-hailing platform, to supply electric vehicles (EVs). This follows a similar collaboration BYD established with Uber Technologies in July 2024. Under the new agreement, Grab driver partners across Southeast Asia will gain access to up to 50,000 BYD EVs.The initiative is designed to offer Grab’s fleet and driver partners competitive rates on BYD vehicles, along with extended battery warranties. Drivers will have the option to r ...

Core Insights - Global sales of electric vehicles (EVs) and plug-in hybrids reached a record high in 2024, totaling 17.1 million units, despite challenges in the market [2][3] - The growth in EV sales was primarily driven by a 40% increase in China, where 11 million units were sold, supported by government incentives and a diverse product range from local manufacturers like BYD [3][4] - In contrast, Europe experienced a mixed performance with overall EV sales exceeding 3 million units but reflecting a 3% decline compared to 2023 due to the removal of subsidies in key markets [7][8] Global Sales Performance - Global electrified vehicle sales surged by 25% in 2024, although this was a slowdown from the 35% growth seen in 2023 [2] - Tesla, despite being the largest EV maker, faced its first annual decline in sales volumes, delivering just under 496,000 EVs in Q4 2024 [4][5] - BYD outperformed Tesla in Q4 2024 with approximately 595,000 all-electric vehicles delivered worldwide [4] Regional Insights China - China's EV market saw a remarkable 40% increase in sales, with local brands like BYD leading the charge [3][6] - BYD's extensive model offerings, exceeding 40, significantly contributed to its sales success [3] - The competitive landscape is intensifying, with local brands like NIO, XPeng, and Li Auto achieving over 30% year-over-year growth in deliveries [6] Europe - Europe faced a decline in EV sales, primarily due to the removal of subsidies, particularly in Germany [7] - The UK saw a nearly 20% increase in EV sales, driven by the Zero Emission Vehicle mandate [8] - Norway continued to excel, with over 90% of passenger vehicle sales being EVs by year-end [8] North America - North America experienced a steady 9% growth in the EV market, with 1.8 million units sold in 2024 [9] - Tesla maintained a 50% market share despite its sales decline, while legacy automakers like GM and Ford reported significant increases in their EV sales [10] Future Projections - In the U.S., one in four vehicles sold in 2025 is projected to be electrified, with pure electric cars making up about 10% of total sales [11] - China's EV and plug-in hybrid sales are expected to rise by around 24% in 2025, bolstered by government support [12] - Europe's EV market is anticipated to recover in 2025, supported by the EU's "Fit for 55" initiative [13] Market Trends - Global sales of gasoline-powered cars have been in long-term decline since peaking in 2017, with projections indicating that internal combustion engine vehicle sales will drop to 75% of total volume in the U.S. by 2025 [14] - The transition to EVs is becoming the new norm, driven by consumer demand and government incentives [15]

Company Overview - BYD is a global leader in electric vehicles and has sold 4 27 million new energy vehicles globally in 2024, including electric vehicles and plug-in hybrids, marking a 41% year-over-year increase [5] - Berkshire Hathaway owns around 4 9% of BYD, representing approximately $1 8 billion in its portfolio [2] Market Performance - In Australia, BYD ranked second in 2024 EV sales with a 14 6% year-over-year gain in units sold, while Tesla saw a 16 8% decline [6] - BYD had three of the top 10 selling EVs in Australia in 2024, with the Seal, Atto 3, and Dolphin ranking fourth, fifth, and eighth respectively [8] - Tesla's market share in Australia fell from 59% in 2022 to 42% in 2024, while BYD's lower-priced Dolphin could further cut into Tesla's market share [9] Product Launches - BYD launched a new stripped-down version of the Dolphin EV in Australia with a starting price of $29,900, making it the cheapest EV in the country [3][4] - The new Dolphin model has a battery range of 350 km (217 miles) and deliveries are set to begin in March [4] - BYD will launch the Sealion 07, a Model Y competitor, starting at under $60,000, and the Shark, its first pickup truck, which has over 5,500 preorders [9] Industry Trends - Australia's EV market saw 91,292 EVs sold in 2024, up 4 7% year-over-year, representing 7 4% of all new vehicles sold [7] - EV sales in Australia faced pressure in the second half of 2024, with an overall drop of 6 9% year-over-year, while Tesla sales fell 25 8% and other EV models gained 9 6% [8]

I am a full-time analyst interested in a wide range of stocks. With my unique insights and knowledge, I hope to provide other investors with a contrasting view of my portfolio, given my particular background.If you have any questions, feel free to reach out to me via a direct message on Seeking Alpha or leave a comment on one of my articles.Analyst’s Disclosure: I/we have a beneficial long position in the shares of TSLA either through stock ownership, options, or other derivatives. I wrote this article myse ...

Company Performance - BYD Company's stock price increased by approximately 26% over the past year, slightly outperforming the S&P 500's 25% rise [1] Industry Focus - The green economy presents a generational investment opportunity, with a focus on electric vehicles and related sectors [1] - Green Growth Giants, an investing group, delves deeper into opportunities within the green economy segment [1] Analyst Background - The author, Manika, is a macroeconomist with over 20 years of experience in investment management, stock broking, and investment banking [1] - Manika runs the Long Term Tips [LTT] profile, which focuses on long-term opportunities in the green economy [1]

BYD is looking to dominate the electric vehicle market worldwide, and its stock is a lot cheaper than Tesla's.BYD Company (BYDDY 2.92%) stock raced 3% higher through 11 a.m. ET Tuesday after the business passed a significant production milestone -- one that puts it head and shoulders above electric vehicle (EV) archrival Tesla (TSLA 1.14%).As Elecrek reported yesterday, BYD's car factory in Xi'an, China, just passed 1 million vehicles produced year to date in 2024. A two-company horseless carriage raceWhy i ...

This year's dust is starting to settle. Here are the names leading the industry out of the cloud.This year hasn't been a great one for shareholders of most electric vehicle (EV) stocks. While the S&P 500 is up since the end of 2023, the S&P Kensho Electric Vehicles Index is down for the same timeframe. Tesla is one of the few exceptions to this trend, but even then much of this strength can be chalked up to a bounce-back from weakness in 2022 and 2023.Blame the transitional dynamic, mostly. The industry has ...

It's been a wild ride for electric vehicle (EV) stocks over the past few years as rising inflation and parts shortages pushed vehicle prices higher (leaving some buyers on the sidelines) and caused production hiccups for many companies.But each year, it becomes increasingly clear that EVs are the future of the automotive marketplace, even if that future is a little slower to arrive than previously thought. Here are two electric vehicle stocks to buy now as the market continues to take shape.1. RivianI bough ...

Advertisement BYD just smashed its annual delivery target a month ahead of schedule.The automaker has thrown down a gauntlet for Tesla, which faces a battle to beat 2023's record sales.Tesla and its Chinese rival are locked in a battle to become the world's largest EV company.BYD and Tesla are locked in a fierce battle to become the world's biggest EV company — and the Chinese automaker has just landed a major blow.BYD has surpassed its annual sales target a month ahead of schedule, throwing down a gauntle ...