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CITIC Securities: BYD January sales in line with expectations, DM-i new model pre-sales hot

Summary

[CITIC Securities: BYD’s January sales are in line with expectations. Pre-sales of new DM-i models are hot]CITIC Securities Research reported that BYD sold 20,000 new energy vehicles in January, -30% month-on-month and +183% year-on-year. The sales of the flagship model “Han” continued to exceed 10,000. The release of the fourth-generation DM-i plug-in hybrid platform and three DM-i models is expected to push the company’s electric sales to a new level, and the model cycle continues to rise. It is expected that BYD Semiconductor will apply for listing in 2021, and the company’s neutralization strategy will steadily advance. Continue to focus on recommendations and maintain the “Buy” rating. (Interface News)


   CITIC SecuritiesResearch reportPointed out thatBYDJanuary new energy vehiclesSales20,000 vehicles,Chain ratio-30%,YoY+183%. The sales of the flagship model “Han” continued to exceed 10,000.The fourth-generation DM-i plug-in hybrid platform and three DM-i models are released, which is expected to promotethe companyElectricityMovable pinThe volume has reached a new level, and the model cycle continues to rise.ExpectedBYDSemiconductor declares to be listed in 2021, the company is neutralstrategySteady progress. Continue to focus on recommendations and maintain the “Buy” rating.

(Article source: Interface News)

(Editor in charge: DF118)

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