Express News | China's BYD Launches Xia Mpv With Starting Price at 249,800 Yuan

ReutersJan 8 07:38 ET

The strong become stronger! The fierce competition among car manufacturers has entered the elimination stage; who will come out on top in the end?

HSBC expects that the narrative of price wars and Industry consolidation will continue, as BYD and Tesla will further expand their competitive advantages through price wars, while companies with annual sales of less than 30,000 vehicles have a low chance of long-term survival.

wallstreetcnJan 8 04:57 ET

UBS Group: Upgraded Weichai Power rating to "Buy" and raised the Target Price to HKD 15.1.

UBS Group released a research report stating that the rating of Weichai Power (02338) has been upgraded from "Neutral" to "Buy," and the Target Price for the listed in Hong Kong stocks has been raised from 12.3 Hong Kong dollars to 15.1 Hong Kong dollars. The report noted that Weichai Power's stock performance in the second half of last year lagged behind the Hang Seng Index due to electric trucks quickly gaining market share amid higher subsidies and lower operating costs. However, on a quarterly basis, with the cost of Henry Hub Natural Gas (LNG) declining since the fourth quarter of last year, the bank expects market demand for LNG trucks to rebound in the first quarter of this year. Additionally, the bank believes that Weichai Power is advancing through its joint venture with BYD Company (01211).

Sina Hong Kong StockJan 8 04:08 ET

The "cold winter" is not over yet! Industry worries: lithium prices are still difficult to achieve a significant rebound this year.

① After experiencing two years of cyclical adjustments, many industry insiders predict that Lithium prices may still face challenges in 2025; ② With the ongoing surplus in Lithium supply, and the possibility that some mines might restart if prices rise, it means that this Battery Metal may still be unlikely to see a significant rebound this year.

cls.cnJan 7 22:39 ET

Express News | China's BYD: Third Roro Ship Carrying Close to 5,000 Nevs Bound for Europe Has Set Sail

ReutersJan 7 22:37 ET

BYD Brought Hundreds of Chinese Workers to Brazil on Irregular Visas, Reuters Reports

CNBCJan 7 21:29 ET