BYD exec confirms EV batteries supplies for Tesla

-

BYD is not only an auto manufacturer. But they are also one of the biggest battery producers in the world. They are also one of the biggest commercial electric vehicle makers, OEM for mobile devices, and chip makers and they have invested in lithium mining businesses.

BYD will be one of the key global players who will help us transit into a more sustainable future. A company to consider as part of our portfolio.

News extract (from CnEVPost):

There have been many rumors over the past year that BYD (OTCMKTS: BYDDY, HKG: 1211) will supply batteries to Tesla (NASDAQ: TSLA), but they have not been confirmed until today.
BYD will soon supply batteries to Tesla, said Lian Yubo, the company's executive vice president and president of its automotive engineering research institute, in an interview with Kui Yingchun, host of state-owned media CGTN, according to a video of the interview released today.
BYD installed 4.27 GWh of power batteries in China in April, ranking second with a 32.2 percent market share, according to data released by the China Automotive Battery Innovation Alliance (CABIA) early last month. CATL remained in first place with 5.08 GWh installed in April and a 38.3 percent market share.
Share of top EV battery makers in China


May's battery installation data is not yet available and they are expected to be released in a few days.


Comments

Post a Comment

Popular posts from this blog

My investing muse - Ray Dalio said "crypto maybe outlawed" (08Jan2022)

-
D uring a recent interview with Yahoo Finance,   Ray Dalio has shared his concerns that Cryptocurrencies may be outlawed .  Governments would want a monopoly on money and they have concerns that Cryptocurrencies may jeopardise their currencies' role - leading to depreciation & dilution of value.  Mr Dalio has also expressed his preference for gold over Bitcoin (BTC) despite their performance.  However, this does not stop Mr Dalio from owning some cryptocurrencies. The volatility of BTC can render its own downfall, as a medium of exchange.  Of course, the people would not mind when BTC appreciated but it could also post equal downside.  For regular citizens, the drop of value from USD$63,000 to USD$28,000 within 3 months (Apr 2021 to Jul 2021) can lead to much chaos.    On its way to being a successful currency, cryptocurrency will be a threat to the legal currencies , thus, leading to a possible ban.  India and China have respectivel...
Read more

technical analysis exercise 1D Chart 12Apr22 for PLTR, SE & INTC

-
Image
Technical Analysis Exercise (12Apr2022) This is looking at charts based on technical analysis of their 1D chart.  It is strongly recommended to conduct fundamental analysis before we conduct any technical analysis . Abbreviation  (based on 1D chart) MA = Moving Average MA50 = Moving Average 50 days (short term trend) MA200 = Moving Average 200 days (longer-term trend) Being prudent, I will give preference MACD indicator for the following logic:  I will rather be late than too early.  I may get lesser profits but I could (potentially) avoid a bigger loss (entering too early and catching a falling knife).   One of the factors influencing my decision will be the Beta of the stock (above 1 being more volatile).  If the stock is more volatile, I may consider leaning more on stochastic than MACD.  As per my previous article, MACD is giving a much more reliable signal than Stochastic . PLTR 1D chart as of 12Apr22 2320hrs Avg. Volume is 52,748,511 ...
Read more

BYD News updates (19 - 24 Oct 2022)

-
Image
BYD News updates (19 - 24 Oct 2022) These are compiled from the various articles from CnEVPost . BYD produces over 2 million solar modules in Brazil  In April, BYD opened a new photovoltaic module production line at its Brazil plant, allowing for increased productivity and efficiency. https://cnevpost.com/2022/10/24/byd-produces-over-2-million-solar-modules-in-brazil/ BYD launches Yuan Plus EV in Colombia.  BYD has been selling its new energy passenger vehicles in partnership with local dealers since 2020 and has delivered nearly 3,000 units in the country to date. https://cnevpost.com/2022/10/21/byd-launches-yuan-plus-ev-in-colombia/ BYD-Benz JV Denza sees 1st production unit of D9 MPV roll off line.  Denza management had previously expected 10,000 units of the model to be delivered in December, although the current delivery schedule has been delayed from the previous one. https://cnevpost.com/2022/10/21/denza-1st-production-unit-of-d9-roll-off-line/ Tesla's only challen...
Read more