BYD Poised for Growth in Chinese, Overseas Markets -- Market Talk

Dow Jones06-24

BYD will likely experience growth in its Chinese and overseas markets in the coming years, Nomura analysts led by Joel Ying and Cathy Xiao say in a research note. "BYD Poised for Growth in Chinese, Overseas Markets -- Market Talk" at 0337 GMT on June 24 incorrectly said the research note's primary authors are Ethan Zhang and Bing Duan.

(END) Dow Jones Newswires

June 24, 2024 23:39 ET (03:39 GMT)

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Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BYD Poised for Growth in Chinese, Overseas Markets -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; 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The analysts expect the Chinese EV maker to remain in a good position in its home market this year and achieve total wholesale shipments of 3.7 million vehicles for 2024. On the overseas front, the latest increase in EU tariffs is expected to have only a limited immediate impact on BYD, while the EV maker's push into Southeast Asia will likely provide new catalysts, they say. The analysts keep a buy rating on the stock and raise the target price to HK$305.00 from HK$276.00. Shares are 0.6% lower at HK$234.80. 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