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BYD’s 66% Gain Catapults Stock to Near Trillion Yuan Market Cap

  • Rally since March added over 400b yuan in market valuation
  • Investors bet on policy support and BYD’s resilient output
Inside a BYD Co. showroom in Beijing.
Inside a BYD Co. showroom in Beijing.Photographer: Qilai Shen/Bloomberg

BYD Co., the Chinese electric vehicle maker backed by Warren Buffett, is on the cusp of entering the trillion-yuan-market-cap club as its production resilience and the government’s consumption incentives helped spur a rally.  

Shares of the Shenzhen-based company have surged 66% since a March low through Tuesday, which pushed its market valuation to around 950 billion yuan ($142 billion). Further gains will allow the firm to hit the milestone, a rare feat which only a handful of mainland-listed stocks including Contemporary Amperex Technology Co. and Kweichow Moutai Co. have achieved.