BYD Co. May See Stronger Oversea Sales This Year -- Market Talk

Dow Jones04-12

0350 GMT - BYD Co. may see stronger overseas sales this year as it introduces plug-in hybrid models to more countries, Daiwa analyst Kelvin Lau writes in a note. The Chinese electric-vehicle giant may have higher sales in South America and Asean markets this year as they are likely planning to sell plug-in hybrids there. BYD's Hungary facility will also be ready in 2H 2025, which will help the company become more aggressive with pricing. Daiwa is positive about BYD's overseas sales this year. It also thinks the company wants to mitigate the pricing pressure, amid an intensifying price war in China, by selling more premium models and more models overseas. Daiwa maintains its buy rating for the stock. Shares were last down 0.1% at HK$211.40. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

April 11, 2024 23:50 ET (03:50 GMT)

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May See Stronger Oversea Sales This Year -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-12 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0350 GMT - BYD Co. may see stronger overseas sales this year as it introduces plug-in hybrid models to more countries, Daiwa analyst Kelvin Lau writes in a note. The Chinese electric-vehicle giant may...</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":"BYD","symbol_name":"博伊德赌场","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2426226817","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2426226817","pubTimestamp":1712893800,"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":"0350 GMT - BYD Co. may see stronger overseas sales this year as it introduces plug-in hybrid models to more countries, Daiwa analyst Kelvin Lau writes in a note. 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