Macquarie downgrades BYD price target
While Citigroup raised the price target of Chinese electric car manufacturer BYD from 250 to 270 Hong Kong dollars a few days ago, there is now an opposite move from Macquarie.
Analyst Allen Yuan believes the stock is fairly valued at 166.90 Hong Kong dollars.
BYD is a pacesetter in electric mobility in China. Recently, it was able to announce some big deals for the electric bus sector as well. Compared to the valuations of Nio, the company still appears to have plenty of room to grow.
Related Posts
Leave a Reply
Popular Stories
-
Specifications of the LGX E78 battery cell from LG Chem for electric vehicles
-
What we know about the Volkswagen ID.4 Battery Pack
-
Specifications of the Samsung SDI 120 Ah battery cell for electric vehicles
-
Audi Battery packs and cells
-
BYD invests in new production lines for blade battery technology in China
As electrification in general and battery technology particularly becomes increasingly interesting for a growing number of industries and companies, we see ourselves in the role of providing decision-makers and enthusiasts with important data to navigate successfully through the new decade.