Express News | China Passenger Car Association: It is estimated that the wholesale sales volume of new energy passenger vehicles by manufacturers nationwide in August will be 1.05 million units, a year-on-year increase of 32%.
Citigroup: Maintains "buy" rating on BYD Company (01211), target price raised to HKD 488.
Citigroup expects BYD's sales in September to reach 0.4 million vehicles, while sales from October to December will achieve a stable month-on-month growth of 5%.
byd company limited will acquire its German dealer Hedin.
On August 31, Grogo announced that on August 30, Hedin Electric Mobility announced that BYD and the Hedin Mobility Group had reached an agreement to transfer the distribution rights of BYD automobiles and parts in the German market to BYD. As the buyer, BYD has reached an agreement with Hedin Mobility Group, the seller, to sell its subsidiary Hedin Electric Mobility, which is the designated dealer of BYD automobiles and parts in the German market. Trade.
Citi raises the target price of BYD Company Limited (01211.HK) to 488 yuan, exceeding sales expectations in August.
Citigroup's research report indicates that BYD Company Limited (01211.HK) sold 0.373 million vehicles in August, meeting the bank's expectations and exceeding market expectations. The bank expects the company to sell 0.4 million vehicles in September, with stable monthly growth of 5% from October to December. The bank has also raised its gross margin forecast for new energy automobiles from this year to 2026, and expects the net profit per vehicle during the same period to increase to 9,200 Chinese yuan, 0.0102 million yuan, and 0.0112 million yuan, respectively, equivalent to a group profit forecast of 37 billion yuan, 52.6 billion yuan, and 69.2 billion yuan. The bank has revised the company's earnings forecast for the years 2026.
BYD Likely to Deliver More Than 400,000 Units in September -- Market Talk
The revised "Safety requirements for electric vehicle power rechargeable batteries" is expected to be submitted for approval in October.
On September 2, Guolonghui | During the Power Battery Quality Improvement Symposium held at the 2024 World Power Battery Conference, Mr. Liu Shaohui, Deputy Minister of the Green Low-carbon Department of the China Automotive Standardization Research Institute of China Automotive Technology Research Center Co., Ltd., introduced
Dah Sing Securities downgraded China Motor (02333.HK) rating to 'Neutral' and lowered the target price to HKD 12.
According to a report by Citigroup, Chang'an Auto (02333.HK) performed as expected in the first half of the year, with no major surprises as the preliminary performance data had already been announced by the group. Despite fierce market competition and continued industry downgrades, the company remains optimistic about its sales mix, which continues to adjust towards high-end products and sees continuous growth in exports. Citigroup believes that Chang'an Auto's valuation is quite reasonable and has downgraded its rating from "shareholding" to "neutral", with a target price reduced from 18 yuan to 12 yuan, and expects the stock price to continue to expand. Among OEM auto manufacturers, BYD (01211.HK) and Brilliance China (0111.HK) are preferred stocks.
BYD Dynasty series sold over 0.178 million vehicles in August, with cumulative sales exceeding 1.13 million vehicles so far this year.
BYD Company Limited (01211.HK) (002594.SZ) announced on its official weibo that the August sales volume of its Dynasty series reached 178,040 vehicles. In the first eight months of this year, the cumulative sales volume of this series exceeded 1.132 million vehicles.
BYD company limited invested in the research and development of semiconductor packaging materials.
Recently, Shenzhen Xinyuan New Materials Co., Ltd. underwent a business change, with BYD Company Limited being added as a shareholder, holding a 9.2692% stake.
BYD Sales Hit a Record in August Despite Broader China EV Slowdown
According to reports, BYD Company Limited (01211.HK) has invested in Xinyuan New Materials.
According to internal media quoting enterprise search information, Shenzhen Xinyuan New Materials, a technology company with high thermal encapsulation interconnect materials as its core, recently added BYD (01211.HK)(002594.SZ) as a shareholder. Data shows that the legal representative of the company is Jiang Liang, with a registered capital of 1.6592 million RMB. Its business scope includes new materials technology research and development, electronic specialty materials research and development, and sales of electronic specialty materials.
Futu Morning Post | 25 or 50 basis points rate cut in September? This week's non-farm data may reveal the 'answer'; Tesla will unveil new self-driving Robotaxi at Warner Bros. Studios in China.
The moderate increase in US July PCE inflation paves the way for an interest rate cut next month; Bank of America's "big turn": bullish on commodities, bearish on US bonds; Buffett's "clearance-style shareholding reduction" in Bank of America: selling for six consecutive trading days, realizing a total cash of 44 billion.
Cui Dongshu of the China Passenger Car Association: In July, the overseas sales volume of domestic independent car companies in some regions increased by 53% year-on-year.
Cui Dongshu, the spokesperson of the China Passenger Car Market Information Joint Conference, stated in a post that in July 2024, the preliminary statistics of the sales volume of domestic independent car companies in overseas regions reached 0.225 million vehicles, a year-on-year increase of 53%, and a monthly increase of 2%. In the first seven months of 2024, the sales volume of domestic independent brands in the overseas market reached 1.39 million vehicles, a year-on-year increase of 55%. The retail performance of the domestic independent overseas market can be very good. Cui Dongshu stated that the important reasons for the export growth are the large international cost-effectiveness advantages of domestic independent brand fuel vehicles and the strong export of new energy vehicles, coupled with the significant contribution of Russia, the number and average price of domestic automobile exports have shown strong growth.
In the era of internal winding of power batteries, industry leaders are calling for putting competition aside and putting safety first. | Live coverage of the 2024 World Power Battery Conference.
①The internal integration of current power batteries has become an industry consensus. The 2024 World Power Battery Conference will be held in Yibin; ②Zeng Yuqun, CEO of Contemporary Amperex Technology, stated that the power battery industry must enter a high-standard development phase. The first thing to focus on is high safety.
Express News | BYD Company: In August, the sales volume of new energy vehicles was 373,083 vehicles, a year-on-year increase of 35.97%.
August electric vehicle performance report: Xiaomi has exceeded 10,000 units for three consecutive months, and the delivery of Ideal has increased by 37.8% year-on-year.
The delivery volume of li auto inc. SU7 has exceeded 10,000 units, and the target of delivering over 10,000 units has been achieved for three consecutive months. Li Auto delivered 48,122 new vehicles in August, a year-on-year increase of 37.8%. Lingpao Auto is the third new force in car manufacturing to achieve monthly sales of over 0.03 million.
Express News | Sun Huajun, CTO of BYD Battery: The top priority for domestic carbon footprint management is to establish its own standard system.
Express News | Tengshi Autos General Manager Zhao Changjiang: Without traffic, the value of marketing is 0, then there is no sales.
Cui Dongshu: New energy commercial vehicle sales doubled in the first 7 months, while commercial rbob gasoline vehicle exports soared in the market.
According to the data from the national financial bureau, the domestic insurance for commercial vehicles achieved 1.65 million units from January to July, a year-on-year decrease of 0.1%; in July, the domestic insurance for commercial vehicles achieved 0.22 million units, remaining flat year-on-year.
Hong Kong Stocks Rally to End Week in Green; EV Makers Lead Gains