Lates News

Citigroup once again raised BYD's target price, saying that the export pattern of Chinese passenger cars in the first four months of this year further benefits BYD. Analysts, including Jeff Chung, stated in their report that BYD's market share of pure electric vehicle exports increased significantly from 23% in the fiscal year 2024 to 38% in the first four months of 2025. BYD's target of exporting 800,000 to 1 million vehicles in fiscal year 2025 is progressing smoothly. Citigroup has respectively raised BYD's Hong Kong and A-share target prices to HK$727 and RMB669. Previously, Citigroup had already raised the target price of the stock in February.