HK Stock Market Move | BYD Company (01211) surged more than 5%, with overseas sales reaching 160,000 units in May, setting a new record high.

BYD COMPANY (01211) rose by more than 5%, as of the time of writing, it increased by 4.9% to 95.2 Hong Kong dollars, with a turnover of 1.332 billion Hong Kong dollars. On the news front, on June 1st, BYD Company Limited announced that the company sold 383,453 vehicles in May, an increase of approximately 0.26% year-on-year; of which passenger car sales were 376,990 vehicles, an increase of 20% month-on-month. Overseas sales reached 160,177 vehicles, an increase of 80.7% year-on-year, hitting a new historical high. Worth mentioning is that on May 28, at the BYD Company Limited's Intelligentization Strategy Conference, BYD Company Limited announced the release of China's first 4nm smart driving chip "Xuanji A3", which has started mass production and supports L3, L4 autonomous driving, with a total computing power of over 2100 TOPS for three chips. Guosheng's recent research report pointed out that benefiting from the positive development of major automakers in overseas markets and the impact of the international situation, the narrative of going global is strengthening, and export sales growth is expected. The annual automobile sales are guaranteed. In the short term, the focus is on the pace of new car launches and marginal sales trends. In the medium and long term, the continuous validation of the logic of the leading car companies in intelligentization and globalization will drive the continuous improvement of market share and profit.