BYD's Sales Expected to Remain Robust Next Year -- Market Talk

Dow Jones2024-12-27

0652 GMT - BYD's sales will be boosted by higher domestic electric-vehicle demand as well as the company's overseas expansion, Founder Securities analysts write in a note. The Chinese automaker will likely sell 5.5 million to 6.5 million cars next year, driven by BYD's flagship models, they add. The company is expected to benefit from China's consumption-boosting stimulus measures, such as the trade-in program, they add. In addition, the company will further improve its overseas market outreach and localize its factories to counter additional tariff threats from the U.S. and the EU, they say. The brokerage maintains a strongly recommend rating for the stock, which last traded at HK$273.80. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

December 27, 2024 01:52 ET (06:52 GMT)

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In addition, the company will further improve its overseas market outreach and localize its factories to counter additional tariff threats from the U.S. and the EU, they say. The brokerage maintains a strongly recommend rating for the stock, which last traded at HK$273.80. 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The Chinese automaker will ...</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":"002594","symbol_name":"比亚迪","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2494882231","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2494882231","pubTimestamp":1735282320,"columns":[],"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":"0652 GMT - BYD's sales will be boosted by higher domestic electric-vehicle demand as well as the company's overseas expansion, Founder Securities analysts write in a note. The Chinese automaker will likely sell 5.5 million to 6.5 million cars next year, driven by BYD's flagship models, they add. The company is expected to benefit from China's consumption-boosting stimulus measures, such as the trade-in program, they add. In addition, the company will further improve its overseas market outreach and localize its factories to counter additional tariff threats from the U.S. and the EU, they say. The brokerage maintains a strongly recommend rating for the stock, which last traded at HK$273.80. 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