On November 5th, the automobile sector of the stock market continued to be hot, with three consecutive days of high opening and high rising. With a final wave of pulling up in the afternoon, BYD’s stock rose to the daily limit yesterday, closing at 184.83 yuan per share, an increase of 16.80 yuan for the day, with a total market value exceeding 500 billion yuan, reaching 504.2 billion yuan. Meanwhile, BYD’s shares listed in Hong Kong also rose synchronously, closing at HKD 197.20 per share, and the total market value reached 538 billion Hong Kong dollars!
Behind BYD’s surge, it is mainly due to the sales report for October announced on the evening of November 4th. In this report, BYD’s total sales volume for the month was 46,560 units, a year-on-year increase of 14.7% and a month-on-month increase of 13.8%. Among them, sales of new energy vehicles in October were 22,045 units, a year-on-year increase of 83.1% and a month-on-month increase of 18.5%. As of now, BYD’s cumulative total production and sales of new energy vehicles have reached 860,000 units, ranking first in the country for continuous sales.
Regarding the BYD Han model, which has received much attention from the market, the sales volume in October was 7,545 units, a month-on-month increase of 34.4%. Moreover, the model has achieved three consecutive months of sales growth since it was launched in July.
As of now, BYD’s global market value ranks fourth, following only Tesla, Toyota, and Volkswagen, and is narrowing the gap with Volkswagen.
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.