China Securities Co.,Ltd.: In March, domestic electric vehicle sales increased significantly both year-on-year and month-on-month, raising the annual sales forecast to 16.2 million vehicles.

China Securities Co.,Ltd. released a Research Report stating that in March, the domestic Electric Vehicles sales according to the China Association of Automobile Manufacturers reached 1.237 million units, with a year-on-year/ month-on-month increase of +40.1%/+38.7%; according to the Passenger Vehicle Association, the wholesale of Electric Passenger Vehicles was 1.129 million units, with a year-on-year/ month-on-month increase of +38.6%/+36.1%, a penetration rate of 46.8%, and a month-on-month decrease of -0.1%.

Zhitong Finance19:50 ET

BYD Company Limited Just Beat EPS By 22%: Here's What Analysts Think Will Happen Next

Simply Wall St19:37 ET

Cui Dongshu: From January to March, China exported 0.123 million Autos to Russia, a year-on-year decrease of 39%.

From January to March 2025, China's exports to Russia were 0.123 million vehicles, down 39%. The sales of domestic brands in Russia reached 0.157 million vehicles, representing 128% of China's exports, finally achieving a slight trend of destocking.

Zhitong FinanceApr 28 07:41 ET

Lyon: BYD's economies of scale are difficult to challenge, and its advantages will further consolidate.

Citi has released a Research Report indicating that two emerging trends will reshape the electric vehicle market landscape in mainland China: the divergence of buyer focus between the mass market and autos priced above 200,000 RMB, and the closing window of growth for new entrants, leading to a winner-takes-all scenario. The bank maintains its Target Price for BYD Company (01211) at HKD 483 and retains a 'highly confident outperform' rating. It notes that despite BYD's high market share, its economies of scale are difficult to challenge, and it is expected that the continuous introduction of new technologies and a strong new vehicle cycle will further consolidate its advantages. A recent cooling of Orders indicates the future.

Sina Hong Kong StocksApr 28 06:13 ET

J.P. Morgan: Long-term rating of "Shareholding" for BYD shares continues to be a top pick.

JPMorgan released a Research Report stating that BYD Company (01211) exceeded performance expectations in the first quarter. Currently, JPMorgan predicts that BYD's sales this year will increase by about 30% year-on-year, reaching approximately 5.5 million Autos, while next year's global delivery is expected to reach 6.5 million Autos. The firm reiterates its long-term "Shareholding" rating and continues to list it as an industry preferred stock, with a Target Price of HKD 600. Based on the bank's communication with management at the Shanghai Auto Show, sales of new models equipped with autonomous driving features have accounted for 60% to 70% of total sales, and it is believed that order volumes will remain stable in the coming months, predicting that BYD will compete in the Chinese high-end Autos market with prices exceeding RMB 0.2 million.

Sina Hong Kong StockApr 28 06:11 ET

Lyon: BYD Company Limited (01211) faces challenges in economies of scale, and its advantages will be further consolidated.

The bank pointed out that although BYD (01211) has a high market share, its economies of scale are difficult to challenge, and it is expected that the continuous release of new technologies and a strong new car cycle will further consolidate its advantages.

Zhitong FinanceApr 28 05:39 ET