BYD Unlikely to Have Major Rivals Among China Players -- Market Talk

Dow Jones2023-11-06

0727 GMT - BYD won't likely have any major challengers among China's electric-vehicle makers in the foreseeable future, Nomura analysts Joel Ying and Frank Fan say in a note. BYD has maintained a stable share of China's fragmented EV market, the analysts say. Excluding BYD, Tesla China and Geely, no other company is expected to have a market share over 5% in China, they add. They keep BYD as their top pick in the China EV market, given its well-covered product mix, complete supply chain and strong business scale. The analysts maintain a buy rating and target price of HK$382 on the stock, which was recently at HK$249. (gen.soledad@wsj.com)

(END) Dow Jones Newswires

November 06, 2023 02:28 ET (07:28 GMT)

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They keep BYD as their top pick in the China EV market, given its well-covered product mix, complete supply chain and strong business scale. The analysts maintain a buy rating and target price of HK$382 on the stock, which was recently at HK$249. 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BYD has maintained a ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0348805143.USD","symbol_name":"ALLIANZ ENHANCED ALL CHINA EQUITY \"A\" (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2381712598","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2381712598","pubTimestamp":1699255680,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0727 GMT - BYD won't likely have any major challengers among China's electric-vehicle makers in the foreseeable future, Nomura analysts Joel Ying and Frank Fan say in a note. 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BYD has maintained a stable share of China's fragmented EV market, the analysts say. Excluding BYD, Tesla China and Geely, no other company is expected to have a market share over 5% in China, they add. They keep BYD as their top pick in the China EV market, given its well-covered product mix, complete supply chain and strong business scale. The analysts maintain a buy rating and target price of HK$382 on the stock, which was recently at HK$249. 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