Tech Insights: BYD Company

GM Investors, 👋

It’s Tech Insights time. And for issue #18, we’re headed to China to put the world’s largest EV manufacturer – BYD – under the microscope. 

Let’s roll.

What We Think: Probably a Solid Play

We’re going with the analysts on this one.

To us, BYD looks like a solid bet for most tech stock portfolios because (1) the company is a global EV leader, and (2) there’s plenty of room for further growth both in China and other emerging market economies.

While smaller EV startups might deliver higher returns over the next two to ten years, we think BYD is a relatively safer, more conservative play within the EV industry.

What Wall Street Thinks: The Few Say Buy

Given it’s a publicly traded company in China, very few Wall Street analysts have price recommendations issued for BYD.

But the ones that do all recommend a buy for the company at current prices, with the average price target at $40.

Disclaimer: This is not financial advice. Money Mastery is simply reporting what some Wall Street firms are telling their clients.

BYD’s Company Profile

BYD Company Limited (BYDDF) is an electric vehicle manufacturer and seller to both the Chinese and international markets. BYD produces both fully electric vehicles as well as plug-in hybrids. Models range from subcompact cars to SUVs, and they’re priced to China’s emerging middle class. The company also develops and sells EV batteries to other automakers. BYD was founded in 1995, went public in 2002, and is headquartered in Shenzhen, China.

SWOT Analysis

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