Is Byd (Byd) a good EV stock?

BYD's growth in the EV market looks impressive so far. The stock is trading at a lower price-to-sales (P/S) ratio than its peers in the EV segment. It also looks attractive compared to some of the newer entrants, like Lucid or Rivian, which have generated hardly any revenue so far. Plus, BYD has been generating profits for years.

Is BYD the world's largest EV maker?

As a result, BYD is being crowned as the world’s largest EV maker. BYD is based in China and has nearly 300,000 employees. Chinese electric-vehicle (EV) and battery maker BYD (OTCMKTS: BYDDF) is being crowned as the world’s largest EV maker this morning, supplanting Tesla. In early trading, BYD stock fell 2% to $39.20.

Does BYD make electric cars?

Plug-in vehicles accounted for nearly 95% of BYD's vehicle sales in December, indicating the company's clear shift toward electric from internal combustion engine vehicles. Apart from automobiles, BYD is involved in the manufacturing and assembly of mobile handset components, rechargeable batteries, and photovoltaic products.

What is the BYD share price forecast?

Our BYD share price forecast has to consider the recent price movements of the company’s quoted stock, which doesn’t make for great reading. Year-to-date, the BYD stock price has fallen 24%, down from HK265 at the start of January 2022 to HK201.60 as the market closed on 20 December 2022.