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.
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