From Business Insider: 2024-04-10 06:35:15

– BYD and Li Auto stocks rose on news of China’s increasing vehicle sales in March, with NEV sales up 29.5% to 709,000 units, accounting for 41.5% of passenger car sales.
– BYD tops EV sales, surpassing Tesla in March with 301,631 units sold, while Li Auto aims to sell 800,000 units in 2024 despite missing March targets.
– BYD stock rated Moderate Buy with a target price of HK$263.36, while Li Auto stock rated Strong Buy with a target price of HK$202.64.



Read more at Business Insider: Hong Kong Stocks: BYD, Li Auto Shares Rise on China’s Vehicle Sales Recovery