Is BYD Stock a Millionaire Maker?
(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.
Source Fool.com
BYD Co. Ltd Stock
€10.71
0.900%
Currently there is a rather positive sentiment for BYD Co. Ltd with 17 Buy predictions and 3 Sell predictions.
With a target price of 15 € there is a positive potential of 40.12% for BYD Co. Ltd compared to the current price of 10.71 €.
