BYD Likely to Strengthen China EV Market Share -- Market Talk

Dow Jones03-28

1013 GMT - BYD's rollout of cheaper versions of key models will expand the Chinese electric-vehicle maker's reach and boost market share, HSBC Qianhai says in a note. Analysts led by Yuqian Ding expect the company's lowered entry prices to drive strong order-book momentum as consumers switch to its mass-market EVs from internal-combustion cars. Meanwhile, its EV platform upgrades from 2Q should support higher volume and margins, the analysts say. They also note that China's EV penetration will likely reach 45.5% in March, a new monthly high. On the industry level, the analysts think pricing pressure will "take a breather" in 2Q, with most price cuts already done. New model launches, which spur channel-pricing discipline from EV makers, will also help, they say. (farah.elias@wsj.com)

(END) Dow Jones Newswires

March 28, 2024 06:13 ET (10:13 GMT)

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They also note that China's EV penetration will likely reach 45.5% in March, a new monthly high. On the industry level, the analysts think pricing pressure will \"take a breather\" in 2Q, with most price cuts already done. New model launches, which spur channel-pricing discipline from EV makers, will also help, they say. 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Analysts led by Yuqian Ding ...</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":"LU2249611893.SGD","symbol_name":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2422150023","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2422150023","pubTimestamp":1711620780,"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":"1013 GMT - BYD's rollout of cheaper versions of key models will expand the Chinese electric-vehicle maker's reach and boost market share, HSBC Qianhai says in a note. 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