Is BYD Stock a Millionaire Maker? [Yahoo! Finance]
BYD CO LTD UNSP/ADR (BYDDY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
Its stock still looks cheap relative to its long-term growth potential. 10 stocks we like better than BYD Company › BYD (OTC: BYDDY) , China's largest automaker, has minted a lot of millionaires since its public debut in 2002. A $10,000 investment in its Hong Kong IPO would be worth $1.07 million today. That rally was driven by its evolution from a battery maker into an automaker, and its expansion into the electric vehicle ( EV ) market. Warren Buffett's Berkshire Hathaway , which invested in BYD in 2008, also reaped some big profits from the automaker before closing out its position earlier this year. Image source: BYD. But with a market cap of $122 billion, BYD is still less valuable than Tesla ($1.43 trillion), Toyota ($270 billion), and other multinational automakers. Could it soar even higher and churn a fresh $10,000 investment into $1 million over the long term? How did BYD become China's top automaker? BYD was originally a battery manufacturer. It expanded into
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