BYD: A Top EV Stock Pick for 2025

As electric vehicle (EV) stocks continue to gain traction, BYD (SZ:002594) stands out as a leading choice for 2025, according to a recent note from Citi Research. The company's remarkable performance and strong positioning in the global EV market have earned it favorable evaluations from analysts.

Key Factors Behind BYD's Rise:

1. International Sales Growth:

   • In December 2024, BYD achieved a record 57,154 units sold internationally, marking an 85% month-on-month increase. Citi forecasts this growth to continue into January 2025, with overseas sales projected to stabilize around 60,000 units.

2. Technological Advancements:

   • BYD's 900V platform and the standardization of vehicle intelligence have boosted the company's competitiveness in the EV space.
   • The company's strong battery production capabilities have also played a crucial role, with a 32% year-on-year increase in battery installation capacity by December 2024.

3. Impressive Sales Performance:

   • In 2024, BYD reached 4.27 million units in total sales, an impressive 41% year-on-year increase.
   • The plug-in hybrid electric vehicles (PHEVs) saw a 73% year-on-year growth, outpacing the growth of battery electric vehicles (BEVs), which grew 12%.

4. Navigating Challenges:

   • Citi analysts note that BYD is well-positioned to navigate potential hurdles in the EV market, including a price war triggered by adjustments in government subsidies. Thanks to its scale and operational efficiency, BYD is likely to remain profitable even under such market pressures.

For more insights on BYD's strategic positioning and performance, visit Investing.com.

To explore BYD's financials and market performance, you can refer to Key Metrics (TTM) API and Company Rating API for comprehensive analysis.