0739 GMT - BYD's new competitively priced SUV is the Chinese EV maker's latest effort to spur growth after two months of flat sales on year, according to Deutsche Bank Research. Analyst Bin Wang views the Ti7, launched under the Fangchengbao brand, as BYD's adoption of its peers' strategy following the Chinese government's campaign against unhealthy competition and price wars in the industry. Rather than discounting existing products, automakers including NIO and Geely rolled out cheap new cars, which aren't subject to the same price controls, and have enjoyed robust sales, Wang writes. DB raises BYD's target price to HK$144.00 from HK$143.00 and maintains a buy rating. Shares are last at HK$105.70. (jason.chau@wsj.com)

(END) Dow Jones Newswires

September 10, 2025 03:39 ET (07:39 GMT)

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