0623 GMT - BYD will continue to benefit from the auto industry's evolution, Nomura analysts write in a note. While BYD enhanced its market leader position by setting the pricing benchmark for 2024 in the China auto market, the company is trying to widen the gap with peers in terms of business scale and technological capability, they say. The company's market position is likely to remain comfortable, even considering the intense competition within the China auto market, they say. With the ramp-up of overseas capacity and increasing ship numbers, BYD will further gain market share in the global auto market, they say. Nomura remains positive on the China EV sector and sees further improvement in EV penetration this year.(jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
March 25, 2025 02:23 ET (06:23 GMT)
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