- BYD's Q2 EPS report was weaker than I would have expected as cost-of-sales grew more than revenue and margins sell due to changes in product mix.
- However, the August EV sales report was excellent: new energy vehicle sales were up 194% yoy. BYD now commands 16% of the China market, up 5% compared to January 1.
- Meantime - in June - BYD's application to spin-off its semiconductor operations was approved by the Shenzhen Stock Exchange.
- The semiconductor spin-off should unleash shareholder value. Meantime, BYD continues to transition from a battery and electric bus supplier to growing its EV market share.
For further details see:
BYD: Rapidly Growing Market Share As August Sales Zoom Higher