BYD Has Big Plans to Sell Half Its Vehicles Outside of China by 2030. Is This a Once in a Lifetime Investment Opportunity?

For years, investors have watched BYD (OTC: BYDDY) quietly transform itself from just another electric vehicle (EV) maker in China into a global powerhouse. The company is now on track to sell more EVs globally this year than Tesla, and it will be shipping those cars on its very own fleet of massive ocean carriers. With a goal of moving half its sales outside of China by 2030, BYD is charting its course for a true global expansion.Image source: Getty ImagesOver the past five years, BYD has been on a remarkably steady upward trajectory. Revenue, shipments, and global brand recognition compounded at a pace that would make most automakers envious. Yet despite that growth, investors can still pick up shares of BYD for $15. That's a surprisingly low buy-in in comparison to rival Tesla, especially for a company positioning itself as a dominant global automaker.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool