Movement Alert|BYD Company Rises 3.06% in Regular Trading, Chip Shipments Surpass 100 Million as Institutions Raise Target Price

Market Focus
Jul 08

On July 8, BYD Company rose 3.06% in regular trading, trading at HK$86.0/share, with turnover of HK$1.257 billion.

On the news front, BYD Semiconductor announced its BMS AFE chip cumulative shipments surpassed 100 million units. The BF891X series, launched in 2021, is China's first mass-produced automotive-grade BMS AFE chip and has achieved the top position in both domestic shipment volume and vehicle installation volume. The chip series has become the core sensing hub for second-generation Blade Battery and flash charging technology.

Meanwhile, Daiwa raised BYD's target price from HK$120 to HK$135, while CLSA maintained its high-conviction outperform rating with a HK$130 target, citing the company's expanding overseas footprint, technology moat, and product premiumization strategy as key advantages. BYD's June NEV sales reached 403,472 units, with overseas sales exceeding 170,000 units, a record high representing approximately 95% year-over-year growth. The company's overseas sales accounted for over 40% of first-half cumulative volume, establishing itself as a core second growth curve.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10