BYD's Overseas Sales May Lead Revenue Growth -- Market Talk

Dow Jones04-06 12:13

0413 GMT - BYD's overseas sales may make up nearly 50% of its auto revenue this year and could surpass the threshold next year, Nomura analysts say in a note. They are seeing increases in-store customer traffic and order trends globally as BYD continues its expansion abroad and concerns have grown about higher fuel prices. Meanwhile, the company's priorities in the domestic market are reducing its inventory and boosting its capacity for its next-generation battery known as Blade Battery 2.0, they say. Nomura trims its shipment forecast by 13% for 2026. The brokerage maintains its buy rating for the stock but cuts its target price to 123.00 yuan from 133.00 yuan. Shares last closed at 99.01 yuan. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

April 06, 2026 00:13 ET (04:13 GMT)

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