Byd shares briefly Their highest Intrade has risen to the price of the Chinese electric vehicle leader Tesla, reflecting the hope that he will challenge its smart driver’s strategy.
Tuesday’s Hong Kong-list share of the car manufacturer rose 4.5% on Tuesday, and the company released plans to implement advanced driver-assistant features in almost all future models without extra cost.
It later destroyed the gains, taking a breath after three sessions, which pushed it into the area where it bought. Shares this year rose more than 20%, while Tesla’s 13% sank.
BYD China said at a company event on Monday that it would create the quality of God’s eye drive-assistant system in China, which will be included in many low-cost models, such as the popular Seagull hatchback. Researchers expect the move to be further intensified in the EV market in China, which is already a leader of the world’s largest and shenzhen -based company.
“Byd provides a cost-effective solution, and accelerates the commodity of basic self-driver technology,” said Faye Kao, Asian Stock Managers of Lombard Odier Investment Managers. “This is a new leading lead in the price war because byd adds these features to almost the same price.”
Other Chinese EV Some of the stocks linked to companies leaned on Tuesday. Expeng fell over 8%.
BYD is aimed at providing five to six million EVs and hybrids this year, increasing from 4.27 million by 2024. The company ended the year as the seventh largest car group due to sales worldwide.
Assessment discount
Last year, it was at least to violate Tesla as the largest seller of pure EVs worldwide. However, for the first time in 2024, Elon Musk is set to jump on the annual revenue of Elon, on the road to $ 100 billion.
Read: Chinese car brand byd’s extraordinary rise
Despite the rally this year, the stock of BYD has retained a significant estimate discount for Tesla. The stocks of the Chinese car manufacturer are currently trading in about 18 X forward folds, with their five -year average, and one -fifth of Tesla’s fifth. – Charlotte Yang and Sangmi Cha, with Danny Lee, (c) 2025 Reuters
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