BYD makes dreams come true. Thanks to BYD, millions of Chinese can afford their own car. In the meantime, the electric cars are also considered serious competition here in Germany. Investors should also keep an eye on BYD: The company also manufactures batteries and chips. Something big is happening here! But let’s start from the beginning: BYD is one of the leading electric car manufacturers in China, offering both personal and commercial vehicles under its own brand and increasingly entering foreign markets.

For customers like Apple and Samsung, mobile phone and PC components as well as rechargeable batteries are produced. Sky Shuttles and urban rail systems complete the product portfolio.

Growth trajectory continues BYD continued its strong growth in the first 9 months. Revenue increased by 58% to 422 billion RMB. The earnings per share also increased by 130% to 7.35 RMB. This puts BYD on a course that Elon Musk cannot maintain at Tesla. The company is expanding its market leadership in the Chinese market after displacing Volkswagen. The market share here is 35%, which represents a 29% increase over the previous year.

In October alone, 302,000 vehicles were sold, a 39% increase compared to the same month last year. The company is currently implementing its entry into the European market. For this, a new factory will be built, either in Germany or Hungary. It is possible that they may acquire the plant in Saarlouis, which is currently threatened with closure and is currently producing the Ford Focus. Production will end in 2025. However, the personal involvement of Victor Orban could tip the scale in favor of a factory in Hungary. The decision will be announced by the end of the year.

What is Warren Buffett doing? The management is acquiring globally. This month, they were awarded a contract for the delivery of electric bus chassis in Mexico. A new factory is also planned here. Meanwhile, Warren Buffett and his investment company Berkshire Hathaway continue to see risks and have sold large amounts of stock at the end of October. This puts their stake at under 6%. Nevertheless, the growth trajectory remains exceptional. BYD is interesting – despite a mini dividend of only 0.6%.