Stock Track | BYD Electronic Soars 5.25% as BYD's Autonomous Driving Push Benefits Suppliers-To The Moon - Tiger Brokers Online Investing Community

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Stock Track | BYD Electronic Soars 5.25% as BYD's Autonomous Driving Push Benefits Suppliers

Stock Track02-11

Shares of BYD Electronic (00285) soared 5.25% on Tuesday morning, following a rally in the broader Hong Kong market. The surge came amid BYD's push into advanced autonomous driving features for its electric vehicle models.

BYD, one of China's leading EV makers, announced that it has started offering autonomous driving capabilities on most of its car models, including entry-level vehicles priced as low as $9,555. This move undercuts rivals like Tesla and is expected to spark a new price war in the autonomous driving space, according to analysts.

As a key supplier to BYD, BYD Electronic is poised to benefit from this autonomous driving push. Analysts from Citi highlighted that BYD Electronic, along with companies like Will Semiconductor and Sunny Optical, could see positive implications from BYD's smart driving strategy, given their role in providing critical components and solutions.

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