BYD: Don't Worry About Supplier Costs
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BYD is considered a strong buy due to its record sales, international expansion, and robust gross margins, despite concerns over supplier costs. The company is seeking a 10% cost concession from suppliers to maintain profitability amid a shift towards lower-cost EV models.
November 28, 2024 | 2:15 pm
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BYD is seeking a 10% cost concession from suppliers to maintain its profitability amid a shift towards lower-cost EV models. Despite these concerns, BYD's record sales and robust margins make it a strong buy.
BYD's request for a cost concession indicates proactive measures to maintain profitability. The company's strong sales and margins suggest resilience, making it a favorable investment despite supplier cost concerns.
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