Tuesday, June 28, 2022

BYD (1211 HK) "Sky is the limit"

BYD continues to deliver resilient EV sales thanks to a strong model line-up, vertical integration and leadership in LFP batteries.

Global EV sales remain resilient as car makers are prioritising EVs and China policies remain supportive amid the energy crisis.

BYD is a battery makers with technological leadership and cost competitiveness that will help to alleviate margin pressure caused by material inflation.

BYD is breaking above its all time high of 324.60 today and will enter a path of least resistance and the "Sky is the Limit", next target 350 and 367.

All posts and charts are for educational and illustration purposes only

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