What Happened to BYD?

[HaleyLee]

BYD previously experienced a situation where both the Russian ruble and oil prices plummeted, leading to a halt in the decline of BYD's stock. Below is relevant information about BYD automobiles: Brand Introduction: BYD automobiles adhere to a development path of independent research and development, independent production, and independent branding, committed to creating truly affordable and high-quality vehicles for the people. The product designs incorporate advanced concepts from international trends while also aligning with the aesthetic values of Chinese culture. Brand Philosophy: BYD consistently upholds the development philosophy of 'Technology as King, Innovation as the Foundation.' Leveraging its R&D capabilities and innovative development model, BYD has achieved comprehensive growth and plays a pivotal role in various fields including batteries, electronics, passenger vehicles, commercial vehicles, and rail transit.

[OAubree]

BYD's new energy vehicles have been selling like crazy recently, topping domestic sales charts for several consecutive months. When I visited the auto show last time, their booth was packed with people, and models like the Dynasty series' Seal and Han have earned good reputations. Last month, I heard their monthly sales exceeded 250,000 units, nearly doubling year-over-year. However, competition is fierce now - Tesla's price cuts have taken many customers, and rising brands like AITO are also eyeing the market. BYD recently launched its million-yuan luxury car Yangwang U8 featuring some cool 'Yi Si Fang' technology, though the price does deter many buyers. That said, their Blade Battery's safety performance is indeed impressive, performing well in recent tests by Dongchedi.

[LeilaniRose]

I've been following BYD for quite some time and I must say they're really putting effort into technology. Their self-developed DM-i super hybrid system is particularly impressive, with even lower fuel consumption than Toyota's hybrid system – it barely uses any fuel in city driving. The blade batteries don't catch fire even when punctured, demonstrating high safety standards. The CTB (Cell to Body) battery integration technology used in their premium models is quite revolutionary compared to traditional designs. However, recent supply chain pressures have been significant, with soaring lithium carbonate prices substantially increasing battery costs. Wang Chuanfu claims they'll surpass Volkswagen's global sales within five years, but I'm skeptical about that. Last week, there were complaints about some 4S stores forcing customers to buy insurance packages, indicating dealer management still needs improvement.

[SophiaAnn]

BYD has been quite active in overseas expansion over the past two years. Its sales in Norway have ranked among the top three, and deliveries have begun in Germany. It's reported that BYD plans to build a factory in Thailand with an annual capacity of 150,000 vehicles, set to start production next year. The ATTO3 sold in Australia has also received a 5-star ANCAP safety rating, with foreign owners praising its accurate range. However, BYD has encountered some issues in Europe—the Netherlands has stated that the Han EV's battery certification standards may not comply, potentially leading to a recall, and France's new subsidy regulations have also had an impact. BYD aims to capture 10% of the European market within a decade, but it's still in the early stages. Competing with established automakers like Hyundai and Tesla in the international market, while adapting to various countries' policies, presents significant challenges.