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Old 01-05-2018,
AbbeyMss20 AbbeyMss20 is offline
 
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Default How China’s Tesla is Taking the World of Electric Vehicles by Storm

When investors talk about the company at the vanguard of the revolution in electric vehicles (EVs) in the United States, only one company typically comes to mind: Tesla Motors, Inc. (TSLA).

And although investors in Tesla have fared well, with the stock up almost 12-fold since its initial public offering (IPO) in 2010, the stock today is trading pretty much where it was at the start of 2014.

Indeed, some of the world’s best investors are betting on a different horse to win the global EV race.
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Old 01-07-2018,
Abigailor Abigailor is offline
 
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After meeting BYD CEO Wang Chuanfu, Munger described him as “a descendant of both Thomas Edison and Jack Welch.”

Berkshire eventually took a 10% stake in BYD for $230 million.

Today, Berkshire’s 9.1% stake in BYD is worth about $1.61 billion.

That’s an annual return of more than 25% per year, making BYD Berkshire’s top investment over the last decade.

Other high-profile investors are now getting on the bandwagon. Just last week, Samsung took a stake in BYD for $450 million.

And in terms of stock price performance, BYD is starting to pull ahead of its higher-profile rival.
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Old 01-08-2018,
AbrahamZ16 AbrahamZ16 is offline
 
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Deliveries of its first all-electric car, the e6 — a boxy, midsize all-electric hatchback used by taxi companies in China and Europe — began in 2011, a year ahead of the first sales of Tesla’s Model S. Last year, BYD sold 61,722 EVs to become the world’s largest producer. BYD expects that number to almost triple again this year, with sales surpassing 150,000.

Founded in 1995 as a battery company in the industrial hub of Shenzhen, Guangdong Province, just outside of Hong Kong, BYD started by employing 20 people from a state-owned company. After raising $300,000 from friends and family, CEO Wang Chuanfu opened BYD’s first factory in Shenzhen where it manufactured rechargeable batteries for cell phones. Within five years, BYD held a 50% market share across the globe.

In 2002, BYD expanded into electric vehicles (EVs) when it purchased a small producer of gasoline cars that became BYD Auto Ltd.
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Old 01-09-2018,
accomamoons accomamoons is offline
 
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BYD has sold its mass-produced, fully electric buses in more than 110 cities in 36 countries. BYD is also quietly building a U.S. business that supplies rechargeable buses to transit agencies in Los Angeles, Long Beach and Gardena in California, Denver and St. Albert in western Canada.

At its current pace, CEO Wang expects BYD to join the ranks of the Global Fortune 500 companies by 2017.

BYD vs. Tesla: A Conflict of Visions

Tesla CEO Elon Musk is part visionary and part showman. He is in the habit of announcing massive, seemingly unattainable goals and then scrambling his troops to meet them. This swashbuckling style, combined with its sleek, futuristic designs, has turned Tesla into the quintessential story stock. Tesla is today able to sell tens of thousands of cars even before they are produced.

BYD is very different. Unlike Tesla, with its Apple-like appeal for which consumers pay a premium, BYD does not have cult-like branding power.
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  #5  
Old 01-09-2018,
Abnormal Returns Abnormal Returns is offline
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In terms of generating profits, BYD is hitting its stride. On April 28, citing strong demand for its electric and plug-in hybrid vehicles, BYD forecast a five-fold jump in its first-half net profit of 2.25 billion-2.45 billion yuan ($347.29 million-$378.16 million).

For the first quarter, BYD reported 851 million yuan ($131.35 million) in profit, a seven-fold increase year on year and in line with its previous forecast of a 495% to 644% rise. BYD reported a similarly large rise for 2015’s full-year net profit, even as China’s car market — the world’s largest — was weighed down by the slowest economy in 25 years.

I recommended that my subscribers to The Alpha Investor Letter buy BYD Company Ltd. (BYDDF) back on May 12.

Since then, the stock has risen 23.79%.
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