12 Biggest EV Stocks In the World Heading into 2025

3. BYD Company Limited (OTCPK:BYDDY)

Number of Hedge Fund Holders: N/A

Market Capitalization: $109.3  Billion

BYD Company Limited (OTC:BYDDY) operates in the automotive and battery sectors across China and internationally, with a main focus on new energy vehicles (NEV). The company has two main segments: one focusing on mobile handset components, assembly services, and other products, and another on automobiles, auto-related products, and urban rail transportation. It manufactures and sells vehicles, auto parts, power batteries, and solar products, and also provides services like automobile leasing and after-sales support.

BYD (OTC:BYDDY) is the biggest NEV seller in the world by volume as it sold over 3.76 million NEVs in the first eleven months of 2024. In November, BYD set new sales records, selling 506,804 NEVs, a 67.87% year-over-year increase and a 0.83% rise from October. Passenger NEVs made up 504,003 units, with BEVs increasing by 4.46% to 198,065 units, and PHEVs rising 133.13% to 305,938 units, despite a small sequential decline in PHEV sales. Commercial NEVs grew significantly by 433.52% year-over-year to 2,801 units. With these numbers, the company is on track to exceed its annual sales target of 4 million vehicles in 2024, surpassing Honda and Ford.