1) I will compare BEV (battery electric vehicle) sales because the PHEV (plug-in electric vehicle) is not pure EV as it still has an internal combustion engine or ICE. From the BYD sales data, more than 50% are from PHEV. I will also compare quarterly sales because that data will reflect more accurately how the carmaker performs as it will also report the quarterly earnings a month later.
2) There's no surprise in BYD Q2 2024 sales - BEV growth compared to Q1 remains weak despite price cutting and NEV (new energy vehicle) export is nearly flat. Note that BYD didn't provide export data for BEV separately NEV=BEV+PHEV. Hence it is logical to assume that BEV export growth will be even smaller. The overseas NEV delivery will be further weakened when the EU imposes new tariff 20+2% starting in July.
3) As usual, the Chinese media painted a rosy picture of the Q2 sales ignoring the challenges. For those who want to read the full content, I have put the link below. Here is the data:
BYD's passenger BEVs sold 426,039 units in Q2 2024, +20.98% YoY and +41.96% QoQ.
Passenger PHEVs sold 556,708 units in Q2 2024, +59.94% YoY and +71.67% QoQ.
BYD sold 105,505 NEVs in overseas markets in Q2 2024, +196.65% and +7.77% QoQ.
BYD stock performance after announcing Q2 sales data: -1.64%
Is the falling share price a reflection of a weaker than expected delivery will depend on what you believe in.
RedDevil7
:
Price drop is all a matter of EU tariff...... Speculation is taking position for a quick drop and ready for the next ride. Trust me. Nobody will win the race against BYD for the mid and long term
🎙️Discussion: 1. How will tariff policies affect the movement of key assets such as U.S. stocks, gold, and Bitcoin? 2. Given this context, Show More
How will you adjust your portfolio under Trump's tariff impact?
55%45%
🚀Risk Assets
🛡️Safe-Haven Assets
1291 votes
Moo Live
Jan 23 08:54
MicroStrategy Q4 2024 earnings conference call
$Strategy (MSTR.US)$ MicroStrategy Q4 2024 earnings conference call is scheduled for February 5 at 5:00 PM ET /February 6 at 6:00 AM SGT /February 6 9:00 AM AEST.Subscribe to join the live earnings conference with management NOW! Beat or Miss? What do you expect from MicroStrategy' Q4 earnings? Will the company beat or miss the estimates? Make sure to click the "Book" button to get what managements have to say! Disclaimer: This presentation is ...
Monetary Policy: Navigating the Fed's Rate Cut Cycle
Changing Fed policy is altering the market math for investors.
RedDevil7 : Price drop is all a matter of EU tariff...... Speculation is taking position for a quick drop and ready for the next ride. Trust me. Nobody will win the race against BYD for the mid and long term
ZnWC OP RedDevil7 : It depends on what you believe. I support the possibility that Tesla and BYD can coexist in a partnership (win-win).