BYD Denza to Formally Launch Z9 Sedan on Nov 15

CnEVPost06:08 ET

BYD Shares Drop After Key Metric Misses Despite Record Quarter

WSJ03:42 ET

Credit Suisse: BYD Company Limited is expected to continue to improve its net income per vehicle in the fourth quarter, reiterating an "outperform" rating.

Lyon released a research report stating that in the third quarter, BYD's net income increased by 11.5% year-on-year, and the gross margin improved by 3.2 percentage points quarterly, slightly better than market expectations. Excluding income from BYD Electronic, the bank expects the net income per vehicle in the third quarter to be 9300 yuan, an increase of 8.7% quarterly, and anticipates that BYD's net income per vehicle in the fourth quarter will continue to improve. Lyon stated that in the long run, BYD has great potential for export and profit growth due to new models, channel expansion, and the push for more factories. They reiterated their "outperform" rating with a target price of 380 Hong Kong dollars.

Gelonghui Finance03:31 ET

[Brokerage Focus] CICC maintains a "buy" rating on BYD Company (01211), indicating that the gross margin in the third quarter exceeded expectations.

King's Finance | CICC issued a research report, stating that BYD Company (01211) achieved a 3.2 percentage point increase in gross margin to 21.9% in 3Q24, exceeding the bank's expectation by 0.9 percentage points. The combined selling, general and administrative expense ratio exceeded the bank's expectation by 2.2 percentage points, offsetting the overperformance in gross margin. The overperformance in government subsidies and VAT input tax credits was partially offset by exchange losses, resulting in BYD Company's 11.6 billion RMB net income in 3Q24 falling below the bank's expectation by 15%. The gross margin performance has boosted the bank's confidence in the sales volume for 4Q24 and next year, as the bank believes BYD Company is still" more confident.

Jingu Financial News03:24 ET

China Retaliates After EU Imposition Of EV Tariffs Up To 45%

Business Today02:10 ET

BYD Posts 11% Higher Q3 Profit; Shares Down 3%

MT Newswires00:39 ET