GELYY - BYD Is Poised To Continue Selling Large Numbers Of PHEVs
2024-06-07 15:35:45 ET
Summary
- BYD Company Limited sold 685,960 PHEVs in the first five months of 2024, up 35% from the same period in 2023.
- BYD's new PHEVs have a claimed driving range of over 1,300 miles, making them highly likely to sell well.
- China's dominance in the EV market and BYD's established brand position give them a competitive advantage.
Introduction
Per my January 2024 article , BYD Company Limited ( BYDDY ) was powerful in 4Q23, and we have newer numbers since then. My thesis is that BYD is poised to continue selling large numbers of plug-in hybrids (“PHEVs”). China includes both battery electric vehicles (“BEVs”) and PHEVs in their new energy vehicle (“NEV”) group....
BYD Is Poised To Continue Selling Large Numbers Of PHEVs