Crypto crashed last Friday (Oct 10, 2025) with US$19 billion in valuation being wiped out and 1.5 million folks, in particularly those heavily on leverage, are being margin called and forced to sell off their coins during the worst part of the storm. While most Crypto later rebounded, many Crypto investors had already lost their fortune through forced liquidation at the worst possible time. The stock market is expected to also dive sharply on this week (Oct 13, 2025 onwards) but surprisingly, the decline seems to be a gradual drop in valuation. Nevertheless, there is still some decline in prices for stocks and I decided to add into a new counter, that is, BYD (HKEX: 01211) from the Hong Kong Stock Exchange.
1. BYD is clear market leader in EV with its own vertical batteries development and sales of EVs
There has been reports that the new generation solid state batteries has been tested in BYD Seal and giving a range of over 1,200 km in single charge. This is more than 2 times the current range. The current practical range offered by EV is between 400km to 480km which is sufficient for 4-6 days for family usage. The new EV solid state battery from BYD will mean that going forward, drivers will only need to charge their cars once every 2 weeks instead of 1 or 2 times per week. Singaporeans travelling to Malaysia KL or Genting will also be able to complete a back and forth trip without charging their EV.
So far, BYD, CATL and Toyota seem closest to the completion of mass production technology of the solid state batteries.
Moreover, since 2024, BYD has surpassed Tesla in terms of EV production and sales. Many countries are also in the midst of phasing out internal combustion engines ("ICE").
2. BYD EV Cars Offer Good Quality and Value
I used to own and drive Japanese cars like Honda and Mazda. Recently, my Mazda car's COE came to an end and I have to look for a new replacement car. For environmental sustainability purpose, I decided to switch from ICE to EV propulsion. After going through many EV brands, I finally settled on BYD. Main reason is cheapest price and the bunch of features thrown in which offers the best value package.
I believe that BYD has its competitive advantage in production due to it producing many of its own components. Also it has been able to attract various international talent like Wolfgang Egger, BYD's Global Design Director. Egger is a renowned automotive designer who previously led design teams at luxury brands such as Alfa Romeo, Audi, and Lamborghini.
Parting Thoughts,
Many analysts seems to be projecting 50% or 100% increase in price target (HKD150 to HKD200 +). So, I have decided to start building up a position in BYD.
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