--- title: "Investor Chokes Up Asking About BYD's Business and Stock Price Prospects, Stating It Is Their Only Holding; Wang Chuanfu Responds" type: "News" locale: "en" url: "https://longbridge.com/en/news/289213632.md" description: "At BYD's 2025 Annual General Meeting, Wang Chuanfu addressed concerns regarding the company's business operations and stock price. He noted that the first quarter was a \"darkest hour\" due to policy impacts, but operational data began recovering in March, with sales expected to grow month by month. The company remains committed to its premiumization strategy, and overseas sales are projected to exceed 1.5 million units. Responding to an emotional shareholder inquiry, Wang Chuanfu stated that sustained growth would be maintained over the next three to five years, driven by both domestic and international markets" datetime: "2026-06-09T15:43:26.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289213632.md) - [en](https://longbridge.com/en/news/289213632.md) - [zh-HK](https://longbridge.com/zh-HK/news/289213632.md) --- # Investor Chokes Up Asking About BYD's Business and Stock Price Prospects, Stating It Is Their Only Holding; Wang Chuanfu Responds On June 9, BYD Company Limited (BYD, 002594.SZ; 01211.HK) held its 2025 Annual General Meeting. According to a report by Yicai, Wang Chuanfu, Chairman and President of BYD, stated, "The new energy vehicle sector experienced its 'darkest hour' in the first quarter of this year." He explained that the policy halving the purchase tax for new energy vehicles, effective January 2026, led to front-loaded demand in November and December of last year. Consequently, the retail penetration rate of domestic new energy passenger vehicles dropped from 59.1% in December last year to 38.6% in January this year, before rebounding to 44.9% in February. As BYD exclusively produces new energy vehicles, it was inevitably affected. Wang Chuanfu noted that production capacity for the second-generation Blade Battery, launched by BYD in March, is ramping up, and many operational metrics have begun to recover. With the capacity ramp-up, sales are expected to increase by 20,000 to 30,000 units per month until the end of the year; meanwhile, the company's cash flow will continue to increase accordingly, returning to previous levels. Video screenshot. Image source: China Securities Journal Wang Chuanfu also discussed that premiumization has always been BYD's goal. He said, "The automotive industry was once filled with various flashy trends seeking attention, but in reality, cars are transportation tools involving safety—they are products. By reducing gimmicks and flashiness, returning to fundamentals, and focusing on technology and product quality, we can gain recognition from mid-to-high-end consumers. Once sales volume increases for high-end models, issues related to gross margins and profit per vehicle will be readily resolved. Currently, BYD has established a high-end brand image overseas." Focusing on overseas markets, Wang Chuanfu believes that BYD represents a group of Chinese new energy vehicle enterprises that have surpassed local peers in product competitiveness, pricing, user experience, and technology, achieving strong growth. "Our overseas sales target for 2026, set at the beginning of the year, was 1.5 million units. We now expect to exceed this target." Additionally, according to The Paper, **at the shareholder meeting, an investor choked up while asking about the company's business and stock price prospects. According to video footage from the event, the shareholder stated that BYD was their only stock holding.** Wang Chuanfu stated that looking ahead to the next three to five years, BYD will maintain sustained growth. Supported by the second-generation Blade Battery, flash charging technology, and new technologies to be launched in the coming years, the company aims to achieve dual-wheel drive in both domestic and international markets, creating a positive interaction that brings Chinese technology to the global stage. He indicated that **by 2030, BYD expects to "achieve significant growth," and that "in five years, BYD will be able to become the true global number one in scale."** Meanwhile, responding to questions about the company's stock being undervalued at the Annual General Meeting, Wang Chuanfu said, "Everyone recognizes our potential, but our current stock price does not yet reflect it. On behalf of the management team, I understand and appreciate your support." He stated that BYD is a long-termist. From a team of 20 people 30 years ago to its current scale, the company has always adhered to the development philosophy of technological innovation, prioritizing technology, and grounding itself in innovation. It has also grown gradually in alignment with national strategies, expanding globally. Wang Chuanfu said, **"We believe performance will continue to improve, and we hope shareholders will remain patient. The company will continue to drive future growth through technological innovation, seize key opportunities, and make scientific, forward-looking layouts to achieve better and faster development, 'ensuring better returns for shareholders.'"** As of the close on June 9, BYD's A-shares rose 0.77% to close at 91.89 yuan, while its Hong Kong shares rose 0.4% to close at 88.4 HKD. Risk Warning and Disclaimer The market carries risks; investment requires caution. This article does not constitute personal investment advice, nor does it consider the specific investment objectives, financial status, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article align with their specific circumstances. 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