BYD Company Limited
BYD was founded in 1995 by Wang Chuanfu as a rechargeable battery manufacturer in Shenzhen, scaling rapidly to become the world's largest supplier of lithium-ion cells to phone makers. The 2003 acquisition of bankrupt Chinese carmaker Tsinchuan Automobile created BYD Auto. Warren Buffett's Berkshire Hathaway took a 10% stake in 2008, validating the EV thesis years before the market caught up.
BYD's Q1 2026 delivered $19.2B in revenue — down 11.8% versus the same quarter a year ago. Net margin held at 2.7%. Shares currently trade at a trailing P/E of 38.5, EV/EBITDA of 7.5 and a 0.5% dividend yield. Analyst consensus leans strong_buy (1.48/5).
BYD was founded in 1995 by Wang Chuanfu as a rechargeable battery manufacturer in Shenzhen, scaling rapidly to become the world's largest supplier of lithium-ion cells to phone makers. The 2003 acquisition of bankrupt Chinese carmaker Tsinchuan Automobile created BYD Auto. Warren Buffett's Berkshire Hathaway took a 10% stake in 2008, validating the EV thesis years before the market caught up.