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Frontline | BYD leads the price increase, Changan follows; rising prices of automotive-grade chips being passed on to end consumers.
① "This is not just our company's problem; it is an industry-wide issue. The impact of raw material prices is significant," a salesperson at a BYD Dynasty Network store told reporters on April 30. ② Lei Jun stated that memory chips increase in price quarterly, with the previous quarter seeing a 40%-50% rise. "At this rate, the cost of memory for new cars alone will increase by several thousand yuan this year."
Top 6 Hong Kong Stocks to Consider, According to Bernstein
Summary of Hong Kong stock ratings: CMB International Securities (Hong Kong) maintains a Buy rating for BYD shares.
Cailian Press will regularly compile ratings and target prices from various institutions for Hong Kong stocks.
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Goldman Sachs: Assigns BYD (01211) a target price of HKD 134, with first-quarter operating profit far exceeding expectations.
The bank believes that BYD is well-positioned to capture demand from the domestic mass market while accelerating overseas expansion. It is expected that overseas markets will become the second growth driver, contributing 83% of incremental vehicle sales by 2030.
Cui Dongshu: Global auto market declined by 2% in the first quarter of 2026, with Chinese indigenous brands gaining market share in an 'east rises, west declines' trend.
In 2026, China's auto market will account for 31.5% of the global share, a decrease of four percentage points compared to 2025.