Should I buy BYD stock in 2025? NZ Market Guide

What is BYD?

How much is the BYD stock?

The price of BYD stock is slightly down this week. As of now, BYD’s Hong Kong-listed shares trade at 406 HKD, with a 24-hour change of -0.48% and a robust weekly gain of +84.88%. The market capitalisation stands at 1.21 trillion HKD (about 154.7 billion USD), and the average trading volume over the past three months is 15.21 million shares. BYD’s stock shows a P/E ratio of 24.25, a dividend yield of 1.05%, and a low beta of 0.37, reflecting limited volatility compared to the wider market. Recent price swings highlight both the opportunities and risks tied to BYD’s aggressive growth strategies, making it a stock to watch closely for NZ investors.

Our full analysis of the BYD stock

Having meticulously reviewed BYD Company Limited’s latest financial statements and assessed the stock’s evolution over the past three years, our proprietary algorithm draws from a diverse set of sources: core financial metrics, technical analyses, sector trends, and competitive positioning. This synthesis provides a multi-faceted, updated view highlighting the robust momentum and ongoing transformation in the global electric vehicles (EV) sector. So, why might BYD stock once again become a strategic entry point into the automotive and new energy revolution as we approach 2025?

Recent Performance and Market Context

Over the past twelve months, BYD (HKEX: 1211, SZSE: 002594, OTC: BYDDY) has displayed remarkable resilience, advancing +84.88% on a rolling 52-week basis while outperforming broad market indices and principal EV competitors. The stock’s current price—406 HKD on the Hong Kong Exchange and 103.84 USD for its ADR—places it not only above key moving averages but firmly in the spotlight of global investors.

Recent catalysts reinforce this momentum. Notably, BYD overtook Tesla as Europe’s top-selling EV brand in April 2025, a symbolic breakthrough that has been widely covered and is considered a testament to BYD’s international scaling capabilities. April's record delivery of 380,089 vehicles (+21% YoY) further underscores this expansion. Meanwhile, the announcement of substantial price reductions—up to 30% on select models—has introduced some near-term volatility (with an 8% sessional dip), yet this bold move is widely interpreted as an intentional market share conquest strategy. Analyst consensus reflects optimism, assigning an average target price of 531 HKD, which points to a 30% potential upside.

The sector backdrop is almost universally supportive. Global EV adoption continues to accelerate (with >20 million units projected in 2025), propelled by favorable regulation, improved battery economics, and both consumer and institutional demand for clean transportation. China’s dominance as the world's largest EV market and increasingly robust European demand offer a compelling platform for BYD’s international ambitions.

Technical Analysis

BYD’s short- and medium-term technical structure carries positive implications for both tactical traders and long-term investors. As of May 2025:

• RSI (14 days): Sits at 48.47, indicating a neutral setup and plenty of headroom before approaching overbought status—suggesting runway for near-term gains.
• MACD: With a 12,26,9 configuration at +3.78, the signal is decisively bullish, indicating ongoing upward momentum.
• Williams %R: At -76.58, supports the view of a favourable buy signal for those seeking technical entries.

Moving averages further enhance the bullish narrative:

• Trading above the 100- and 200-day moving averages (USD 91.26 and 79.31, respectively) demonstrates long-term accumulation.
• The 50-day moving average (USD 100.83) has again become a strong support level; price action consolidating above this area points to renewed institutional buying.
• Immediate short-term resistance is lightly mapped at USD 112, but repeated tests in recent sessions hint at a potentially imminent breakout.

This alignment of neutral-to-bullish momentum, supportive moving averages, and well-defined support zones indicates that BYD may be entering a new advance phase—offering compelling timing for strategic positioning.

Fundamental Analysis

BYD’s fundamentals continue to outshine peers, built on rapid growth, technological edge, and a high-velocity business model:

• Revenue and Earnings: FY 2024 revenue reached 777.10 billion CNY (+29% YoY), with net profit surging 34% and Q1 2025 net income doubling year-over-year—a towering outperformance even in a competitive market.
• Valuation Metrics: With a forward P/E of 24.25 and a conservative PEG ratio given its growth profile, BYD’s valuation remains reasonable. The stock’s 1.05% forward dividend yield further appeals to yield-seeking investors.
• Growth Trajectory: Management projects sustained top-line expansion at 25–30% per annum, a pace underpinned by both surging EV demand and aggressive penetration into overseas markets.
• Structural Strengths: BYD leads in battery innovation (a critical EV input), commands 35% of the Chinese NEV market, and has a proven track record of disrupting incumbent brands. Strategic discipline is evident in the cessation of combustion engine production since March 2022, underscoring its future-focused orientation.

These metrics validate the company's leadership position, a factor that is increasingly vital as the industry consolidates around a handful of scalable, vertically integrated leaders.

Volume and Liquidity

Trading liquidity in BYD shares is consistently robust. The 3-month average daily volume of 15.21 million shares, coupled with a market capitalization approaching 1.21 trillion HKD (~154.6 billion USD), signals deep investor engagement and institutional interest. BYD’s relatively low beta (0.37) points to below-market volatility—an atypical but favorable trait in the high-growth tech sector. Such liquidity ensures efficient price discovery and facilitates both tactical trading and strategic accumulation, favouring dynamic re-rating potential as new catalysts emerge.

Catalysts and Positive Outlook

Several forward-looking catalysts support an optimistic outlook for BYD:

• International Market Leadership: The April 2025 overtaking of Tesla in Europe is a major milestone, validating BYD’s scaling prowess. Plans to double overseas sales to over 800,000 units in 2025 underscore management's ambitions.
• Aggressive Innovation Cycle: Continued leadership in proprietary battery technology and rapid rollout of smart-driving vehicles (480,000+ units already on the road) liftoff BYD above legacy automakers and pure-EV competitors alike.
• ESG and Policy Trends: BYD stands to benefit from intensifying government support for green tech across APAC, the EU, and beyond—as evidenced by tax incentives, strict emissions regimes, and consumer subsidies.
• Industry Growth: The global EV market is forecast to surpass 20 million units in 2025, with China and Europe at the vanguard. BYD’s scale, manufacturing flexibility (30+ industrial parks worldwide), and strategic alliances set the stage for continued share gains.

Each of these vectors converges to paint a picture of accelerating growth and expanding valuation multiples. Recent price reductions may exert near-term pressure on margins, but should serve to further entrench BYD’s market position and spur volume-driven operating leverage.

Investment Strategies

The multidimensional strengths of BYD’s stock open paths for various investment horizons:

• Short-Term:
• Recent price volatility, following the aggressive price-cut announcement, establishes well-defined support at technical lows (USD 100–101). Recovery from the temporary 8% sell-off has historically led to rapid mean-reversion phases, offering tactical trading opportunities.
• Medium-Term:
• Visible momentum above the 50- and 100-day moving averages supports accumulation through mid-2025. Upcoming quarterly updates, expansion milestones, and any new product or market announcements could act as significant catalysts.
• Long-Term:
• For investors with a multi-year horizon, BYD’s dominant position in the global EV value chain, diversified international exposure, technological moat, and robust balance sheet are structural assets. The market’s 25–30% consensus revaluation potential, paired with compelling growth forecasts and the ongoing EV revolution, underscores the attractiveness of establishing a core position.
• Ideal portfolio construction may involve staged entries near current technical supports or ahead of well-flagged catalysts, providing optimal risk-adjusted exposure to the secular upside.

Is it the Right Time to Buy BYD?

BYD combines exceptional growth, global leadership in electric mobility, and a disciplined innovation agenda to offer a robust, forward-looking investment profile. Supported by double-digit sales growth, expanding international footprint, consistently bullish technical structure, and a strengthening sector backdrop, the stock’s consolidation phase appears to have given way to renewed upside dynamics.

While investors should always account for sector volatility and BYD’s exposure to competitive pressures—particularly in pricing—the company’s blend of scale, technology, and brand momentum provide clear grounds for renewed interest. The stock presently trades at an attractive multiple given its outlook and seems poised for potential re-rating as new catalysts materialize.

For investors on the lookout for a world-class, vertically integrated EV leader benefiting from powerful structural trends, BYD now appears to represent an excellent opportunity. Its combination of technical strength, forward valuations, and market positioning justifies attentive scrutiny and, with upcoming industry and company-specific catalysts, suggests the stock may be entering a new bullish phase as 2025 approaches and beyond.

In the rapidly evolving EV and clean technology landscape, BYD stands as a compelling candidate for portfolios seeking exposure to innovation, growth, and global leadership—offering, at this juncture, a profile fully aligned with the aspirations of proactive and informed investors.

How to buy BYD stock in New Zealand?

Buying BYD shares online has never been easier or safer, especially for New Zealand investors using regulated brokers. You can access BYD stock either through direct (spot) buying or by trading Contracts for Difference (CFDs), both available entirely online. Spot buying gives you ownership of real shares, while CFDs enable you to speculate on price movements with leverage. Each method suits different investor profiles. To help you decide, we’ve included a detailed broker comparison further down this page, so you can make the most informed and cost-effective choice.

Spot buying

Spot buying (or “cash purchase”) means directly purchasing BYD shares to become a shareholder and benefit from any dividends. You can do this through most NZ-regulated online brokers offering access to international markets (such as the Hong Kong Stock Exchange, where BYD is listed under the code 1211). Fees typically include a fixed commission per order, often around NZ$5–NZ$10 for international trades.

Example

If the BYD share price is HK$406 (about NZ$84 as at late May 2025), with a NZ$1,000 investment you could buy approximately 11 shares (after accounting for an estimated NZ$5 brokerage fee).

• ✔️ Gain scenario: If the share price rises by 10%, your investment would be worth NZ$1,100.
• Result: +NZ$100 gross gain, or +10% on your invested amount.

Trading via CFD

CFD (Contract for Difference) trading allows you to speculate on BYD’s share price without owning the stock. This approach is offered by several regulated NZ and global brokers. CFD fees generally consist of the “spread” (the gap between buy/sell prices) and overnight financing costs if you hold positions longer than a day. CFDs also allow you to use leverage, amplifying your exposure and potential gains or losses.

Example

You open a CFD position on BYD with a NZ$1,000 stake, using 5x leverage. This gives you exposure to NZ$5,000 worth of BYD shares.

• ✔️ Gain scenario: If BYD’s share price increases by 8%, your position gains 8% × 5 = 40%.
• Result: +NZ$400 profit on your initial NZ$1,000 stake (excluding fees).

Final advice

Before investing, it’s important to compare brokers’ fees, market access, and trading features so you can optimise your strategy and costs—see our broker comparison further down the page. Whether you choose direct share ownership or CFD trading depends on your goals, risk tolerance, and investment timeline. Both options make it accessible and straightforward for New Zealanders to become part-owners—or active traders—of an innovative global leader like BYD.

Our 7 tips for buying BYD stock

The latest news about BYD

BYD has posted record-breaking electric vehicle (EV) sales for April 2025, surpassing 380,000 units sold globally. This performance marks a robust 21% year-on-year increase, driven by surging demand from international markets and a pronounced acceleration in export volumes. Such momentum aligns closely with New Zealand’s increasing adoption of EVs and government-backed sustainability policies, positioning BYD products as highly relevant to the NZ market. The company’s ambitious 2025 goal—to double overseas deliveries to over 800,000 vehicles—suggests further potential for expanded offerings and infrastructure collaboration with local dealerships, directly benefitting New Zealand’s EV transition.

BYD's recent financial report revealed a Q1 2025 net profit jump of over 100%, accompanied by revenue growth exceeding 36%. These figures not only beat market expectations but solidify BYD’s financial resilience amid aggressive competitive moves, such as price reductions. In the context of New Zealand, BYD’s sustained profitability and ability to defend margins support business continuity and after-sales service investments, strengthening confidence among local distributors and consumers who prioritize warranty coverage and long-term support when considering EV purchases.

In the last week of May, BYD implemented significant price cuts up to 30% on several EV models, triggering only temporary share price volatility. The sharp, short-lived drop in BYD’s stock was quickly weighed against the company’s strategic intent to seize greater global market share by making advanced EVs more accessible. For New Zealand, where price sensitivity still acts as a barrier to accelerated EV uptake, such price restructuring stands to benefit end consumers and support national targets by lowering entry points for both private and commercial fleets.

BYD has overtaken Tesla as Europe’s leading EV brand by sales volume for the first time in April 2025. This landmark achievement underscores the company’s innovation capacity and global competitiveness, attributes that resonate with the New Zealand market where BYD is already present through several models. The success in Europe is especially relevant, since many Kiwi fleet procurement standards benchmark against European testing and environmental criteria, making BYD’s models increasingly attractive from both a performance and regulatory conformity perspective.

Technical analysis for BYD remains positive, with key indicators such as MACD and Williams %R signaling buy opportunities and consensus forecasts offering double-digit upside from current levels. Despite recent price fluctuations, the stock is supported by strong moving average technicals and consensus target prices implying 20-25% further appreciation potential. This technical backdrop, when combined with solid fundamentals and expanding international reach, offers NZ-based analysts constructive signals not only for direct equity exposure but also for partners in clean-tech and green infrastructure who may be impacted by BYD’s growing market influence.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.