BYD Company Limited - Fundamental Analysis 2026
BYD overtook Tesla in revenue and BEV volume in 2025, but a domestic price war has crashed margins, turned free cash flow negative, and tripled leverage in a single year.
BYD overtook Tesla in revenue and BEV volume in 2025, but a domestic price war has crashed margins, turned free cash flow negative, and tripled leverage in a single year.
Near debt-free market leader in Indian 2-wheelers trading at a valuation discount to peers, with accelerating growth from GST cuts and EV scale-up offset by recent margin pressure
Value-compounder vs growth-story comparison of India's two-wheeler leader against a pure-play EV scooter maker, across fundamentals, valuation, and technicals