Is It Time to Buy BYD Before Its Next Ambitious Move?

As if by magic, BYD (OTC: BYDDY) has swiftly, smoothly, and soundly taken over China's electric vehicle (EV) industry. It surpassed Tesla in 2024 to become the world's largest EV manufacturer by sales, and the automaker isn't pumping the brakes.For BYD's next magic trick, it's about to make a big push into Europe. But is this a bad time with consumer sentiment there for EVs in decline?BYD's efforts in Europe got off to a bit of a sputtering start before it adjusted its sales strategy to focus on more affordable models. That pivot helped it gain traction in key European markets. In April, BYD sold more EVs in Europe than Tesla for the first time, according to a report by JATO Dynamics. Its move into the lead was aided both by Tesla's aging vehicle lineup and by the political adventures of CEO Elon Musk, which turned some consumers off the Tesla brand.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool