Chinese EV giant BYD is a buy — and not just for its cars, Bernstein says

Chinese EV giant BYD is a buy — and not just for its cars, Bernstein says

The poster child for China’s electric car boom is also an underappreciated leader in batteries. That’s the latest call from Bernstein, whose analysts this week reiterated an outperform rating on Hong Kong-traded shares of Chinese automaker BYD . BYD is the second-largest battery manufacturer in the world measured by electric vehicle installations — shipping 70%…

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