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 Q2 2026 delivered $24.8B in revenue — down 3.2% versus the same quarter a year ago. Net margin held at 4.2%. Shares currently trade at a trailing P/E of 19.7, EV/EBITDA of 5.5 and a 0.6% dividend yield. Analyst consensus leans buy (1.52/5).
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.