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BYD Company Limited is expanding globally and will deliver nearly 6 million vehicles annually in two years, approaching the levels of Toyota and Volkswagen.
BYD Company Limited's journey to expand globally is creating new opportunities for the company. JPMorgan believes that BYD's global expansion and potential growth in plug-in hybrid products will drive the revaluation of its stock price in the next 1-2 years. This week, China's electric vehicle giant BYD announced that it will invest $1 billion to build a factory in Turkey with an annual output of 0.15 million electric vehicles, which is expected to start production by the end of 2026. In addition to the Turkish factory, BYD's four overseas production bases or vehicle assembly lines (in Thailand, Indonesia, Brazil, and Hungary) will also be built by 2026 and gradually increase production, with the Thai factory leading the way by starting production in the first half of 2025.
CITIC Lyon: Maintains a "outperform" rating for BYD Company (01211), with a target price raised to HKD 300.
Citigroup-CLSA has raised BYD Company Limited's sales forecast this year from 3.8 million to 4 million vehicles and raised its profit forecast to 3.8 billion yuan.
Citic Sec: Gradual Turning Point towards Commercialization of L4 Autonomous Driving
Recently, there has been an intense catalysis towards advanced-level autonomous driving.
Tesla's Top Rival BYD Reportedly Teases Hybrid SUV Song L DM-i In Video - Is The Launch Imminent?
An executive from BYD Co., Ltd. (OTC:BYDDY) reportedly posted a video featuring the hybrid SUV Song L DM-i, suggesting its launch could be imminent.Lu Tian, general manager of BYD's Dynasty lineup
JP Morgan Expects BYD to Reach 6 Million Global Deliveries by 2026
BYD's global deliveries could reach 6 million units by 2026, including about 1.5 million units in overseas markets, JPMorgan said. For details, please visit CnEVPost.
China EV Battery Installations in Jun: CATL's Share 45.06%, BYD 25.32%
In June, China's power battery installations amounted to 42.8 GWh, up 30.2 percent year-on-year and up 7.3 percent from May, according to data released today by the China Automotive Battery Innovation Alliance (CABIA).
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