BYD: Here we go!:
BYD shares recover, Citibank recommends buying with a target price of HKD 174. Expansion in Europe planned despite slow dealer network ...
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Key FactsBYD Surpasses Tesla Amid Stock and Price Turmoil
May 27, 2025 · Reading time: ~30 sec.
Summary created with AI assistance · Source: euronews.com
Summary created with AI assistance · Source: euronews.com
- BYD shares dropped sharply after discounts of up to 34% on 22 models triggered fears of a renewed price war in China’s EV sector.
- Despite the decline, BYD’s stock remains over 50% higher year-to-date on the Hong Kong exchange, contrasting Tesla’s 13% fall.
- April sales of new energy vehicles rose 21% year-on-year to 380,089 units, with BYD outselling Tesla in Europe by 7,231 electric cars.
- Investments include advanced driver-assistance technology and a new Hungarian plant aimed at expanding BYD’s international market presence.
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