BUZZ-China's BYD climbs on strong sales growth in Europe

Reuters
Sep 25
BUZZ-China's <a href="https://laohu8.com/S/BYDDY">BYD</a> climbs on strong sales growth in Europe

** Hong Kong shares of EV maker BYD Co 1211.HK climb 2.4% to HK$108.2, set for biggest one-day pct gain since September 17

** On course to snap three sessions of fall

** Shenzhen-listed stock 002594.SZ gains 2% to 107.83 yuan, highest level since September 22

** BYD sold 3x as many new cars in the EU last month than in August 2024, surpassing U.S. rival Tesla TSLA.O for the second consecutive month, data from European auto lobby ACEA showed

** Tesla's EU sales dropped 36.6%, squeezing its market share to 1.2% from 2% a year ago, while BYD's sales were up 201.3% to give it 1.3% market share

** YTD, Hong Kong stock up 21.8%, Shenzhen-listed shares up 13.9%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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