Saying BYD wasn't building cars but places to put its batteries is an excellent summary on why the company is great. It's a battery juggernaut that just happened to make cars.
The 400k - 500k unit sales period is a classic loaded spring situation. To most observers, BYD was "stagnant" meanwhile the company was cooking for lack of a better term.
I love that you mentioned Toyota. People love to underestimate the giant. The auto industry won by execution and, with the exception of BYD in the Chinese market, no company comes close. It'll be interesting to see if Toyota has their own loaded spring. Even if they do, I wouldn't bet against BYD.
Thank you! Yeah the company was definitely cooking in those 400-500k sales years haha
Yeah watching Toyota will be fun. Counter positioning is my favorite power to watch play out. Toyota can’t compete with the Chinese car makers especially in China unless they are willing to take really small profit margins. Their market share in China is down to like 5.5% from over 9 a few years ago.
Great write-up as always.
Saying BYD wasn't building cars but places to put its batteries is an excellent summary on why the company is great. It's a battery juggernaut that just happened to make cars.
The 400k - 500k unit sales period is a classic loaded spring situation. To most observers, BYD was "stagnant" meanwhile the company was cooking for lack of a better term.
I love that you mentioned Toyota. People love to underestimate the giant. The auto industry won by execution and, with the exception of BYD in the Chinese market, no company comes close. It'll be interesting to see if Toyota has their own loaded spring. Even if they do, I wouldn't bet against BYD.
Thank you! Yeah the company was definitely cooking in those 400-500k sales years haha
Yeah watching Toyota will be fun. Counter positioning is my favorite power to watch play out. Toyota can’t compete with the Chinese car makers especially in China unless they are willing to take really small profit margins. Their market share in China is down to like 5.5% from over 9 a few years ago.
BYDDF??? I own BYDDY. I like that a lot more because in my head I say buddy.
Makes sense haha I like BYDDF cuz it’s the actual H shares. But doesn’t really matter
Incredible article!
Thanks!
I wouldn’t trust teslas fsd in a Kmart parking lot lol