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Market Chatter: Geely Automobile to Add AI-Powered Pilot System Across All Brands
BYD Launches 4 Electric Commercial Cars in UAE
BYD Lightning Allocation: Li Qian stated that investors cast their votes of trust with real Silver.
On the morning of March 4, BYD Company announced that after the market closed on March 3, it had entered into a placement agreement with placement agents Goldman Sachs (Asia), UBS AG Hong Kong Branch, and CITIC Lyon Securities. According to the agreement, BYD will issue new H shares at the issue price, with the total amount expected to be approximately 43.509 billion Hong Kong dollars. After deducting commissions and estimated expenses, the net amount is expected to be around 43.383 billion Hong Kong dollars (approximately 5.6 billion US dollars). Li Qian, Secretary of the Board of Directors and Chief Investment Officer of BYD Group, shared a photo of BYD's hexagonal building at 5 am and posted, "self-praising."
Behind BYD's lightning allocation: internally named "Fuyiao", Li Qian stated that the project is "leak-proof".
On the morning of March 4, BYD Company announced that after the market closed on March 3, it had entered into a placement agreement with placement agents Goldman Sachs (Asia), UBS AG Hong Kong Branch, and CITIC Lyon Securities. According to the agreement, BYD will issue new H shares at the issue price, with the total amount expected to be approximately 43.509 billion Hong Kong dollars. After deducting commissions and estimated expenses, the net amount is expected to be around 43.383 billion Hong Kong dollars (approximately 5.6 billion US dollars). Li Qian, Secretary of the Board of Directors and Chief Investment Officer of BYD Group, shared a photo of BYD's hexagonal building at 5 am and posted, "self-praising."
Jensen Huang strongly supports the "physical AI," and Goldman Sachs has organized the list of publicly listed companies.
According to Goldman Sachs, autonomous driving, AI equipment, and robot automation are currently the most important areas of physical AI application. In the field of autonomous driving, Goldman Sachs specifically mentioned Uber Technologies, Pony.ai, BYD, Li Auto, Xiaomi, and Baidu. Regarding AI equipment, Goldman Sachs is Bullish on Horizon Robotics, Mobileye Global, AAC TECH, and Quanta Computer. In robot automation, Goldman Sachs is most focused on Harmonic Drive Systems, Yaskawa Electric Machine, Zhejiang Sanhua Intelligent Controls, and Shenzhen Inovance Technology.
Nomura: Maintains BYD Company 'Buy' rating with a Target Price of 496 HKD.
Nomura released a Research Report stating that it maintains a "Buy" rating for BYD Company (01211), with a Target Price of HKD 496. BYD announced the placement of nearly 0.13 billion H shares, raising a net amount of approximately HKD 43.38 billion. Nomura believes that its balance sheet remains healthy, and the dilution effect and discount impact from the placement are limited. Nomura pointed out that BYD conducted placements in the A-share market from 2015 to 2016 and in the Hong Kong stock market from 2020 to 2021, with the goal of developing its New energy Fund business in China. Considering the strong production capacity already established domestically, the expectation for this placement is high.
