BYD's sales in the first half of the year ranked among the top 10 in the world for the first time.
BYD's market value has returned to the level of late 2020, and BYD, as the sales champion of new energy vehicles, is deviating from fundamentals. BYD is a leading enterprise in China's new energy vehicles and plays a pivotal role in the field of new energy vehicles.
However, in recent years, BYD's stock price trend and fundamentals have diverged, and BYD's Hong Kong and A-share stock prices have fallen all the way this year, and their market value has fallen to the lowest point in 18 months. Although BYD is about to surpass Tesla to become the global single-quarter sales champion of electric vehicles, this good news has not had a positive impact on the stock price.
BYD went from the 5 million to the 6 million new energy vehicles in just over 3 months, which is undoubtedly another milestone in its growth process. However, the rise of other new energy vehicle brands such as NIO has made the market increasingly competitive. In addition, BYD itself also faces multiple headwinds, such as the difficulty of scale expansion and the difficulty of improving financial performance.
However, BYD has not given up on promoting all-round cooperation with other car companies, including in-depth cooperation with Huawei, to jointly promote the development of the new energy vehicle market. Although BYD's market value performance is not satisfactory, BYD continues to play a triumphant song in China's overall auto market, hoping that BYD can usher in better development opportunities in the future.