This Power Play Makes BYD Stock a Buy

BYD stock (OTC: BYDDY) hit a bit of a speed bump over the past year, falling from a high of $71 per share 12 months ago to a low of $43 in February. BYD stock (OTC: BYDDY) hit a bit of a speed bump over the past year, falling from a high of $71 per share 12 months ago to a low of $43 in February.                                                                                                      This Power Play Makes BYD Stock a Buy [Wealth Daily] Jason Simpkins / Jul 9, 2024 This Power Play Makes BYD Stock a Buy BYD stock (OTC: BYDDY) hit a bit of a speed bump over the past year, falling from a high of $71 per share 12 months ago to a low of $43 in February. It’s rallied back these past few months, climbing 40%. However, at $60 per share, BYD stock is still 18% shy of its 52-week high and will likely do even better than that in the short and long term. The reason is that BYD is better positioned than any of its direct competitors, which have suddenly been waylaid by Western tariffs. You see, the EU introduced new tariffs on Chinese EVs last month, with penalties ranging from 17%–38%. That comes on top of the 10% duty that’s already being levied. Now, BYD’s first advantage is that its 17.4% tariff is already on the low end of that range. By comparison, China’s state-owned carmaker SAIC is facing a 38.1% tariff, while Geely, the country’s fourth-largest EV company, is set to pay 20% more. So even if it’s forced to pay the full tariff, BYD will still be able to undercut other Chinese car companies in Europe. But that’s not all. [bbyd] BREAKING: Biden Announces “Stimulus Stipends” Payouts (Claim Yours NOW)... If you thought the three checks you received during the pandemic were the last ones, you’d be wrong. See, Biden just introduced the [“Stimulus Stipends” program…]( And it’s handing everyday Americans payments for up to $7,882 — each quarter. [Get the FULL details on how to claim yours now.]( BYD has a second built-in advantage through its physical footprint in Europe. To that point, the company is already currently building a factory in Hungary (where it already has a high-tech e-bus production facility) to build cars specifically for the European market. That plant is expected to be up and running in three years, making it the first major Chinese automaker to build passenger cars in Europe. And last week, news broke that BYD now aims to supplement that with another $1 billion production facility in Turkey. That will also help the company circumvent the EU tariffs because Turkey has a customs union with the EU that dates back to 1995. Turkey also has a population of 90 million and its own burgeoning EV market. About 7.5% of car sales sold in Turkey last year were electric. So there’s plenty of room for growth, as that’s only half the adoption rate in Europe, where EV sales make up more than 14% of the market. And that figure has nowhere to go but up since the bloc plans to ban sales of gas-powered cars by 2035. Microsoft Goes Nuclear Microsoft is building its own nuclear power plants to power its AI ambitions. And for investors, this is a massive opportunity. Because one little-known company will deliver the nuclear fuel for these reactors. And it's set to rake in BILLIONS as a result. Most people have no idea this company even exists. That’s why shares are still cheap. But this story could reach the mainstream as early as September 18. [Get the full story here.]( European car companies will do everything they can to compete with BYD in the EV space, but BYD maintains a huge cost advantage — an advantage that it’s clearly prepared to protect. In fact, the EU tariffs could actually be doing BYD a favor by tripping up other Chinese manufacturers, leaving it to stand alone as Europe’s top EV value option. And while the United States has rolled out its own tariffs on Chinese EVs, BYD is pushing its advantage in other parts of the world. Last week it opened its first EV plant in Thailand (its first in Southeast Asia), where the government intends to convert 30% of its annual vehicle production to electric by 2030. That factory has an annual production capacity of as many as 150,000 vehicles. BYD also acquired a former Ford factory in Brazil and is currently scouting locations for a plant in Mexico. And obviously, it still enjoys generous support back home in China, where nine government agencies — including the Commerce Ministry and the central bank — have vowed continued and intensified support for the domestic EV industry. Given all that, you’ve gotta like the prospects for BYD stock as it continues to vie with Tesla for the global EV crown. Fight on, [Jason Simpkins Signature] Jason Simpkins Simpkins is the founder and editor of [Secret Stock Files](, an investment service that focuses on companies with assets — tangible resources and products that can hold and appreciate in value. He covers mining companies, energy companies, defense contractors, dividend payers, commodities, staples, legacies and more... In 2023 he joined The Wealth Advisory team as a defense market analyst where he reviews and recommends new military and government opportunities that come across his radar, especially those that spin-off healthy, growing income streams. For more on Jason, check out his editor's [page](. Be sure to visit our Angel Investment Research channel on YouTube and [tune into Jason's podcasts.]( Want to hear more from Jason? 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