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BYD Co Ltd Class A

002594: XSHE (CHN)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
CNY 445.00LfqZrqrjswx

Leading NEV Manufacturer With Strong In-House Battery R&D and Plug-In Technology

Business Strategy and Outlook

BYD is the largest new energy vehicle, or NEV, manufacturer in China in terms of sales volume. Targeting the mass market, it produces both battery electric vehicles and plug-in hybrid vehicles, or PHEVs. BYD has established good brand awareness with popular value-for-money models. Its passenger NEV portfolio covers models from subcompact to midsize sedans and sport utility vehicles, in the CNY 100,000-CNY 300,000 price range.

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