Automotive Oct 13, 2020 09:30 AM (GMT+8) · EqualOcean
China International Capital Corporation has raised BYD's target price of A-shares by 45% to CNY 138. This comes after a positive monthly sales number of the company. In September, BYD's new energy vehicle sales increased by 45% year-on-year and the sales volume of the company's high-end model 'Han' continues to climb. CICC further believes that there is a lot of room for the valuation to rise and that BYD will see continuous sales growth in the following months.
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