BYD's Performance May Remain Strong Despite a Challenging China EV Market -- Market Talk

Dow Jones03-27

0347 GMT - BYD's strong performance may continue despite a challenging China EV market this year, Nomura analysts say in a research note. BYD's price cuts on several models since February, which set the tone for competition in the Chinese auto market, have improved its sales momentum over the past weeks, the analysts note. Given its leading business scale, vertically integrated supply chain and efforts in smart vehicle technology development, BYD could further enhance its leading position for mass market cars priced below CNY200,000, they say. Nomura maintains a buy call and keeps the target price of HK$276.00 on the stock, which is last at HK$208.20. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

March 26, 2024 23:47 ET (03:47 GMT)

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BYD's price cuts on several models since February, which set ...</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":"2422890139","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2422890139","pubTimestamp":1711511220,"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":"0347 GMT - BYD's strong performance may continue despite a challenging China EV market this year, Nomura analysts say in a research note. BYD's price cuts on several models since February, which set the tone for competition in the Chinese auto market, have improved its sales momentum over the past weeks, the analysts note. Given its leading business scale, vertically integrated supply chain and efforts in smart vehicle technology development, BYD could further enhance its leading position for mass market cars priced below CNY200,000, they say. Nomura maintains a buy call and keeps the target price of HK$276.00 on the stock, which is last at HK$208.20. 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BYD's price cuts on several models since February, which set the tone for competition in the Chinese auto market, have improved its sales momentum over the past weeks, the analysts note. Given its leading business scale, vertically integrated supply chain and efforts in smart vehicle technology development, BYD could further enhance its leading position for mass market cars priced below CNY200,000, they say. Nomura maintains a buy call and keeps the target price of HK$276.00 on the stock, which is last at HK$208.20. 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