Market Chatter: BYD Enters Vietnam With Three EV Models, to Open 13 Dealerships
Chinese electric vehicle giant BYD (HKG:1211, SHE:002594) will open 13 dealerships in Vietnam on Saturday as it plans to have 100 dealerships in the country by 2026, Reuters reported Thursday,
Cui Dongshu: Purchasing enthusiasm is gradually released. In June, the retail penetration rate of electric vehicles reached 49%.
Cui Dongshu stated in an article that in the second quarter, the domestic retail penetration rate of electric vehicles increased by 13 percentage points year-on-year, reaching 49% in June.
BYD Challenges VinFast In Vietnam, Aims To Expand Car Dealerships From 13 Locations To 100 By 2026
BYD Co., Ltd. (OTC:BYDDY) announced on Thursday its strategy to significantly expand its dealership network in Vietnam.The electric vehicle (EV) company is opening its first set of stores in the
BYD Denza Opens Its 1st Showroom in Cambodia
Denza's first showroom in Cambodia opened on July 14 and it completed the first local delivery of the D9 MPV. For details, please visit CnEVPost.
Shenzhen NEV Penetration Reaches Record 77.4% in Jun
The new energy-vehicle (NEV) penetration rate in Shenzhen, in southern China's Guangdong province, is approaching 80 percent, meaning that just over 20 percent of new car purchases are made with traditional combustion engine vehicles.
The surplus situation is difficult to change, and the price of lithium carbonate continues to decline! How long can the cost line of 0.08 million yuan/ton last?
Approaching the cost line
BYD Launches 3 BEV Models in Vietnam
BYD will launch three additional new models in Vietnam in October and plans to expand its dealerships to 100 by 2026. For details, please visit CnEVPost.
UPDATE 2-BYD Sets Sights on Aggressive Expansion in Vietnam
Soochow Securities: domestic forklift lithium battery short delivery advantage can be sustained, bullish on increasing market share and structural optimization for going abroad.
In 2024, under the trend of tightening eco-friendly policies, the stock of National IV diesel vehicles will replace National II and below diesel vehicles, and the penetration rate of high-value lithium electric forklifts will increase. Domestic sales are expected to continue to grow, optimizing the structure.
BYD Launches New Variant for Compact SUV Yuan Up, Brings Longer Range Than Base Model
The new variant of the BYD Yuan Up is priced at RMB 3,000 more than the entry-level version, but the range has increased by 100 km to 401 km. For details, please visit CnEVPost.
Express News | BYD Vietnam COO Vo Minh Luc: BYD to Introduce Three More Models to Vietnamese Market in October
Express News | BYD Vietnam COO: BYD Eyes to Expand to 100 Dealerships in 2026
Express News | BYD Vietnam COO on Possible Vietnam Factory: Is in Talks With a Number of Localities to Optimize the Plan
Hong Kong stock concept tracking | "vehicle-road cloud integration" policy is bullish with frequent releases, the trillion-dollar market is expected to usher in a booming period (with concept stocks).
CITIC Securities pointed out that as regulations for self-driving industry on both national and local levels gradually improve, each link in the industry chain is expected to accelerate technology research and development and product deployment, benefiting the intelligent automotive industry chain.
The contradiction between supply and demand is prominent! The price of lithium carbonate continues to fall, and the cost line of 80,000 yuan/ton is in danger.
Due to oversupply and continuous insufficient demand, the price of lithium carbonate has been falling steadily in the recent period.
Brokerage Focus: CITIC Securities expects a turbulent upward trend in the A-share market in the second half of the year.
Jingu finance news | CCB international releases its outlook on Hong Kong stock market strategy for the second half of the year. The Hong Kong stock bear market since 2023 ended in January this year and has entered a shaking bull market. The Chinese fundamentals remain moderately repaired, and the policy tone continues to be based on stability. The chance of issuing strong stimulus policies is small, and the "strong production and weak demand" pattern will persist for a while, with a slight fluctuation in corporate profit recovery. The orderly slowdown of inflation and employment in the United States, along with a moderate economic growth, is expected to result in the earliest Fed rate cut in September this year and marginally benefit Hong Kong stock liquidity. The Hang Seng Index is currently at a historically low valuation level, and listed companies are actively buying back and increasing dividends.
Guotou Securities: production and sales volume increased year-on-year, lithium concentrate prices under pressure.
As global lithium mining exploration and production projects are gradually completed and put into operation, the continuous increase in resources has led to stable growth in production and sales of mining companies. However, the continuous decline in sales prices has further boosted sales while dragging down the company's performance.
China International Capital Corporation: Electrification is changing the global auto landscape.
Benefiting from China's large market and leading global electrification process, Chinese auto companies are facing an important opportunity of "overtaking on a curve," but expanding into overseas markets is still a long way to go. We remain bullish on Chinese auto companies with product definition and technological innovation capabilities in the field of electric intelligence, gradually opening up global growth space.
Tesla's Top Rival BYD Expanding In Cambodia - What's Going On?
BYD Co., Ltd. (OTC:BYDDY) is reportedly planning to construct an electric vehicle (EV) plant in Cambodia.The Southeast Asian nation's Prime Minister Hun Manet said he met with Liu Xueliang, general
Jefferies Remains a Buy on BYD Co (BYDDF)
Jefferies analyst Johnson Wan maintained a Buy rating on BYD Co (BYDDF – Research Report) today and set a price target of HK$300.00. The company’s shares closed yesterday at $31.21.
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