- summary:
- BYD shares increased by 5.5 % of the high demand for Chinese car manufacturers. Can BYD outperform Tesla in the international electric vehicle race?
BYD CO. shares rose Ltd. (She: 002594) More than 5.5 % on Thursday, April 11, and published one of the best sessions in recent weeks as investor feelings have turned into a rise in Chinese electric vehicle stocks (EV). This gathering follows reports of Q1 connection numbers stronger than expected and supply chain pressures throughout the Asia Pacific region.
The arrow jumped from a previous end of 336.40 yen pounds to finish today at 354.98 yen, with most gains in the post -fire session. Today’s BYD performance is back to the correct path to re -test its last highest levels with budget bunns.
Why are the shares of BYD
- Strong delivery growth of EV: Analysts cite a sharp increase in local sales and export numbers, and the BYD location as EV commander in China.
- Government policy support: Reports indicate the upcoming stimulus measures to adopt clean energy and EV benefits, especially in level cities 2 and level 3.
- Positive feelings throughout the sector: The broader gathering in EV shares today also helped increase the BYD gains, as car manufacturers such as Tesla have witnessed renewed interest in the world.
BYD opposite Tesla – China’s feature?
While Tesla: TSLA continues to control the global EV addresses, BYD wins steadily in Asia and expands to Europe and Latin America. The integrated supply chain makes a vertical and lower local footsteps a major player in the EV space – especially as commercial tensions and global definitions put foreign automotive companies in an uncomfortable position.
With TSLA shares decreased by 7 % today, investors may rotate to Chinese EV plays with low -risk -oriented Chinese plays like BYD.
Outlook Byd Outlook
The next BYD main resistance area is located near 365, while immediate support retains about 340 yen. A break above ¥ 360 can provoke another leg higher ¥ 380 in the short term. RSI indicators and momentum turn to the top, indicating that this may be more than just one day rise.
Currently, BYD is still one of the most powerful names in the global EV race, and merchants will monitor more upward trend as the profit season approaches.
