My Investing Muse

  BYD is not only the largest NEV maker in China, but also one of the largest battery makers in the world. The Updates below are extracted from CNEVPost: BYD reported revenue of RMB 120.17 billion in the first quarter, up 79.83 percent year-on-year, although it was 23.15 percent lower than in the fourth quarter of last year. BYD's net profit for the quarter was RMB 4.13 billion, up 410.89 percent year-on-year, although it was 43.5 percent lower than in the fourth quarter of last year. After excluding non-recurring gains and losses, BYD's net profit in the first quarter was RMB 3.57 billion, up 593.68 percent year-on-year. It reported basic earnings per share of RMB 1.42 in the first quarter, up 407.14 percent year-on-year. BYD's costs grew in line with sales growth, with operating costs for the quarter at RMB 98.71 billion, up 68.62 percent year-on-year. Its selling expenses for the quarter were RMB 4.65 billion, up 234.96 percent year-on-year, and R&D expenses were RMB...

  All the news is taken from CNEVPost. This is the summary of recent developments of BYD. The news is reported in July 2023. Global Market expansions BYD has brought its flagship SUV, the Tang EV, to Ecuador, having already debuted three other models in the South American country. BYD is bringing its electric vehicles (EVs) to more countries as the Chinese new energy vehicle (NEV) maker tries to expand its international presence. The company launched EVs in Chile, Brunei, and Morocco in the past few days in its latest move in international markets. BYD has brought the Dolphin to the Australian, Brazilian and Singaporean markets in the past 10 days. On May 24, BYD Dolphin was launched in Hong Kong. In the past 10 days, BYD has brought the Dolphin to the Australian, Brazilian and Singaporean markets. BYD’s Profits & Performance BYD's earnings preview implies that its net profit for the second quarter will be RMB 6.37 billion to RMB 7.57 billion, up 128.56 percent to 171.62 percen...