Global attack initiated on BYD's stock shares
BYD Auto South Africa and Eskom have announced a strategic partnership aimed at advancing electric mobility in the country. The collaboration includes the expansion of public charging infrastructure and the production of affordable electric vehicles.
Sales of the BYD Dolphin Surf EV, the most affordable new electric vehicle in South Africa, have already begun. Joint development of charging stations nationwide is part of the South African deal, with the partnership also focusing on the expansion of these facilities.
The partnership with Eskom marks a new depth for BYD, as they are not just selling cars, but building necessary infrastructure. This move is in line with the partnership's goals of local competency development and job creation.
Meanwhile, in India, BYD is planning a strengthened return, contingent on the easing of diplomatic tensions and the resumption of business visas for Chinese travelers. The company aims to expand its electric vehicle manufacturing facility in Chennai and invest in research and development for advanced EV technologies and battery production.
The compact electric SUV Atto 2 is expected to hit the Indian market at mass-market prices in early 2026. Analysts predict that BYD's overseas sales will significantly exceed original annual targets.
However, the Chinese electric vehicle market is experiencing a brutal price war, putting pressure on companies like BYD. This competition and concerns about an aging product portfolio have led BYD to recently lower its 2025 delivery targets.
For those interested in investing in BYD, a new analysis from September 18 provides insight on whether it's worth investing or if it's better to sell. The link for the current free analysis is provided.
Looking ahead, future projects include solar-powered charging hubs and battery recycling. The next quarterly report at the end of October will show how the international strategy is affecting the numbers.
Starting tomorrow, BYD will lower the minimum trading size for its Hong Kong shares, a step towards better liquidity and lower entry barriers for investors. However, the latest BYD numbers suggest urgent action is required for shareholders.
In conclusion, the strategic partnership between BYD and Eskom is set to revolutionise the electric vehicle landscape in South Africa, while BYD's plans for India indicate a commitment to expanding its presence in key markets. The challenges in the Chinese stock market and the need for product innovation remain key concerns for the company.
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