The development of Chinese companies can draw nourishment from the course of the Chinese revolution. Huawei is like this, so is BYD.
Marshal Zhu De once commented on Chairman Mao: “On many major events, the Chairman’s decision is always incomprehensible, and even many people object, but after the incident, practice has proved that he is always right!”
When the Zunyi Conference in 1935 established the leadership core of Chairman Mao’s party, the Chinese Workers’ and Peasants’ Red Army had a total of only 37,000 people. Who would have thought that only 14 years later, China would achieve the great victory of the New Democratic Revolution and establish the People’s Republic.
In fact, the development of a company also depends on the foresight and perseverance of its leaders. BYD now has a market value of trillions of dollars, ranking third among global car companies by market value, beating Volkswagen, Mercedes-Benz, and BMW because of its persistence in the electrification of lithium-ion batteries. Analyzing the development history of BYD in the past, we will find that Mr. Wang’s judgment on the main technical product lines is always correct. For the blade battery, BYD single-handedly reversed the global new energy vehicle battery technology line, DMi, and BYD single-handedly made the plug-in hybrid line alive.
The scary thing about BYD is that it’s not just how awesome the technology is, but BYD’s technology release is mass production. Say what you say, never engage in ppt to fool the market. For example, for blade batteries, Han ev is mass-produced when it is released; for example, when plug-in hybrid is released, Song plus dmi is mass-produced; for example, e-platform 3.0, when Dolphin is released, it will be released. Only know that it is equipped with itac technology (intelligent torque control), and ctb (battery body integration).
Looking at Tesla again, the 4680 large cylindrical battery has been released for three years, and the production car has not yet been seen. Batteries of various names and various technologies released by peers, wait 2 years after the release to see if there are any.
BYD’s current trillion-dollar valuation is actually just the preliminary valuation of the global leader in vehicle electrification. The reasonable valuation of the global leader in vehicle electrification alone should exceed the peak valuation of Toyota, which is 2 trillion. What’s more, BYD’s valuation includes the valuation of Fudi, Bidian, and Bihan.
BYD’s valuation has more space in the direction of automotive intelligence and semiconductors. Because Mr. Wang once had several clear conclusions. First, the automobile industry is upgraded, electrified in the first half, and intelligent in the second half. BYD will not be absent.
Second, semiconductors are man-made, not God.
Third, the basis of future car intelligence is hardware to solve first.
These three discussions actually completely outline the research direction of BYD in the future. I personally understand that BYD will definitely solve the big game of autonomous driving in the future from the hardware foundation. This pattern is very large, and of course the valuation space is also very high.
Since Mr. Wang was always right in the past, why should he doubt that Mr. Wang’s clear and clear judgment on automotive intelligence and semiconductors would be wrong?
Of course, as an investor, you need to pay close attention to the development of the company and the industry, even if it is only the valuation of vehicle electrification. BYD is now at most half gone. If you consider the valuation of automobile intelligence and semiconductors, BYD is only a fraction, and the whole number is still behind.
This is the investment value of a trillion BYD.
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