0816 GMT - Chinese electric-vehicle maker BYD seems better positioned than its peers in the domestic price war, HSBC analysts say in a research note. After repackaging some existing subsidies and rolling out some incremental seasonal promotions, BYD's sales have been stronger so far in June, they note. The price competition could continue throughout the summer low season, they add. The price cuts should boost domestic sales and absorb part of the margin pressure, while BYD's overseas sales, which have a better margin, should support the bottom line, as well. HSBC maintains a buy call on its H shares with an unchanged target price of HK$151.00. Shares last ended at HK$129.90. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
June 25, 2025 04:16 ET (08:16 GMT)
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