Tianfeng Securities' research report pointed out that in May, BYD (002594.SZ) had a high sales growth, increased exports, and improved its structure with high-end products, with a potential for profitability. In May 2024, BYD achieved sales of 332,000 vehicles, a year-on-year increase of 38.1% and a quarter-on-quarter increase of 5.9%. The fuel consumption of the fifth-generation DMi is only one-third of that of gasoline vehicles, with obvious cost-performance advantages. The company's market share is expected to further increase. Overseas market expansion and product import acceleration are expected to double exports in 2024, achieving strong profit support. In addition, the company has completed the layout of overseas production bases in Southeast Asia Thailand, Central Asia Uzbekistan, South America Brazil, and Eastern Europe Hungary. It is expected to export 400,000 to 500,000 vehicles throughout the year, achieving double growth. Maintain "buy" rating.
研报掘金丨天风证券：维持比亚迪“买入”评级，DMI5.0开启油耗2.0时代
Research Reports Spotlight｜Tianfeng Securities: Maintains "Buy" rating for BYD, DMI5.0 opens the era of 2.0 fuel consumption.
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.