BYD’s significant cash burn for the second consecutive quarter is a major concern.
BYD will likely slash production in 3Q to release inventory capital, alleviating cash burn.
BYD has about $15 billion in inventory (66 days). This is about tracking to 3 million sales for the year. 550k cars in inventory.
BYD’s growth will significantly slow in the second half of 2024.
BYD’s recent refocusing on PHEV sells suggests challenges in BYD’s BEV business.
This is a deep dive into BYD’s 2Q 2024 financials (published today).
I highy recommend anyone invested in the automotive sector to read this thread since it provides important context for assessing competitors’ relative performance.
1. Revenue Increased +26% YoY To $24.3… pic.twitter.com/Uzni1T31QA
— AJ (@alojoh) August 28, 2024
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.