casestudyguru.com
Home

Li Lu (Index)

BYD (Build Your Dreams)
SHE:002594
1998-
Industry: Lithium Batteries & EVs
Category: NYSE:TBL

Context
Founded in 1995, was in lithium rechargable batteries
In 2005, had a 50% global market share in phone batteries
Produced it's first car in 2003 and EV in 2008

Why the Company is Mispriced

Alternative View

Result
Original cost in 2002 was $4/sh
In 2024, the share price is $200/sh, which works to a 20% CAGR

Notably
"It's a damn miracle" - Charlie Munger