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BYD Opens 1st Store in Suriname With 4 Models
Goldman Sachs: Maintains a "buy" rating on BYD Company (01211), with the target price raised to HKD 310.
Goldman Sachs has raised its net income forecast for BYD Company (01211) in 2024-2026 by 1% to 6%.
Competition in China's Auto Market Will Continue -- Market Talk
Cui Dongshu, Secretary General of the China Association of Automobile Manufacturers: From January to July, the number of used car trades reached 10.99 million units, a year-on-year increase of 6%.
Cui Dongshu, Secretary General of the China Association of Automobile Manufacturers, wrote in an article that with the promotion of the national policy of replacing old cars with new ones, the used car market in China is booming and has huge potential.
Norway leads the global countries by a wide margin! In August, the market share of electric vehicles reached as high as 94%.
①The statistics released on Monday showed that electric car sales in Norway accounted for 94% of the local market share in August, setting a new world record; ②Meanwhile, electric car sales in other European countries remained stagnant.
[Brokerage Focus] Bocom Intl expects China's electric vehicles exports to maintain high growth.
Jingu Financial News | BOCOM INTL stated that based on the cost-effectiveness advantage of China's independent rbob gasoline vehicles and the continuous increase in market share in South America and Africa, the bank believes that the export of China's independent rbob gasoline vehicles will continue to grow. As for electric vehicles, domestic brands have shown strong export momentum, with BYD (01211) and Xiaopeng (09868) achieving cumulative sales from January to July 2024 exceeding the full-year sales in 2023. Starting on July 4, 2024, the European Union will impose tariffs on Chinese electric vehicles, but sales in the European region, excluding Russia, only decreased by about 5000 units month-on-month in July. With rapid product iteration, accelerated intelligence, and