For years, BYD (Build Your Dreams) has been one of the world’s top electric vehicle (EV) manufacturers, competing for the role of world leader with Detroit stalwart GM and media darling Tesla, which has ramped up production of its mass-market Model 3.
Currently, BYD’s valuation is expensive compared to established automakers as it is priced for growth. With that said, its valuation lags Tesla’s, despite a more mature status as a manufacturer and a diversified business, which includes not only consumer EVs but a leading competitive position in the global mass-transit EV bus market, and a significant battery business.
Beyond that core area of ESG focus, the company remains an outperformer versus the industry and peers.
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