HK Movers | HK Auto Stocks Jump. Li Auto, Geely Auto up More Than 4%; BYD Company up 4% to New High; NIO up 2.5%
Hong Kong’s auto stocks jumped on Wednesday. Li Auto, Geely Auto up more than 4%; BYD Company up 4% to new high; NIO up 2.5%.
Citi Research issued a research report believing that the pattern of China's passenger car exports in April , 2025 is now more favorable to BYD COMPANY (01211.HK) , after raising its target price on BYD Company to HK$688 on 15 February. Citi Research explained that the stunning PHEV export growth has not yet become a market consensus; BYD COMPANY's BEV export market share accelerated sharply from 23% in 2024 to 38% in April,2025 ; China's domestic market catalyzed in 3Q2; and it is best positioned against any price cut in 2026. Therefore, the broker elevated its target price from HK$688 to HK$727.
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
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10