BYD Company (OTC: BYDDY)
“Dominating the World’s Largest EV Market”
BYD Company has taken the crown as the world’s largest EV manufacturer, surpassing even Tesla in unit production. Its dominance stems from its stronghold in China, the world’s biggest EV market. BYD shares have already climbed 35% year-to-date, and the company’s momentum could continue as China’s economy shows signs of recovery.
For U.S. investors, it’s worth noting that BYD shares trade over-the-counter (OTC) under the ticker BYDDY. Unlike stocks listed on major exchanges, OTC stocks are traded through a decentralized network of dealers rather than on a centralized exchange like the NYSE or Nasdaq. This often allows investors to access international companies like BYD more easily. You can typically purchase OTC stocks through most online brokerage accounts.
While China’s economic challenges, including a weak real estate sector, have created headwinds, there are positive signals. Retail sales have grown steadily since late 2023, with October seeing a 4.8% year-over-year increase. Industrial output also rose 5.3%, and Goldman Sachs forecasts 4.5% GDP growth for China in 2025. These indicators point to improving consumer confidence, which bodes well for BYD’s vehicle sales. Analysts expect the company’s revenue to grow by over 20% next year, making BYD a strong play on the global EV boom.
