- BYD sold 340,799 passenger vehicles in July 2024.
- 130,000 of these were battery electric vehicles (BEVs).
- 210,799 were plug-in hybrid electric vehicles (PHEVs).
- Total vehicle sales, including non-passenger vehicles, were 342,383 units in July 2024.
- Year-to-date vehicle sales have reached 1.96 million units.
- Investor sentiment includes 39 buys, 1 hold, and 1 sell recommendation.
BYD on Smartkarma
Analyst coverage of BYD on Smartkarma reveals insights from top independent analysts. Eric Wen‘s report, “[Blue Lotus New Energy Sector Update]: Rocky but Firm,” delves into Chinese renewable energy firms expanding overseas, focusing on the US/Europe markets, leading to job losses at home and intensified competition in solar PV inverters.
In Ming Lu‘s analysis, BYD‘s performance stands out with sales volume growth and plans to invest significantly in a Turkish factory. The coverage also highlights key industry trends like fluctuations in new energy vehicle sales and notable developments in the Chinese consumption landscape, providing investors with valuable perspectives on BYD‘s market dynamics.
A look at BYD Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
BYD Company Limited, a manufacturer of automobiles and batteries, is set to thrive in the long term based on its Smartkarma Smart Scores. With an impressive Growth score of 5 and Momentum score of 5, BYD is poised for substantial expansion and strong market performance. This indicates the company is well-positioned for future growth and shows positive momentum in its operations.
Additionally, BYD demonstrates resilience with a score of 4, suggesting it has the ability to withstand economic downturns or challenges. While the Value score of 2 implies there may be some room for improvement in terms of valuation, the Dividend score of 3 indicates a moderate level of dividend payment. Overall, BYD‘s favorable scores in Growth, Momentum, Resilience, and Dividend suggest a promising outlook for the company in the years to come.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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