Nan Fang Du Shi Bao·2025-05-23 04:47Core Viewpoint - BYD's stock price has reached a new high, with significant growth in both A-share and Hong Kong markets, reflecting strong market performance and expansion in Europe [1][2] Group 1: Stock Performance - On May 23, BYD's A-share price rose over 4%, closing at 415.64 CNY per share, with a total market capitalization exceeding 1.26 trillion CNY [1] - Year-to-date, BYD's A-share price has increased by over 40%, while its Hong Kong shares also saw a rise of over 4%, closing at 474.8 HKD per share [1] Group 2: Market Position in Europe - BYD's pure electric vehicle sales in Europe have surpassed Tesla for the first time, marking a significant shift in market leadership [1] - In April, BYD registered 7,231 new pure electric vehicles in Europe, a year-on-year increase of 169%, entering the top ten electric vehicle brands in the region [1] - Tesla's sales in Europe declined by 49%, contributing to BYD's rise in market share [1] Group 3: Strategic Expansion - BYD's strategy includes a dual technology approach, focusing on pure electric vehicles in Northern Europe and plug-in hybrids in Southern Europe [2] - The company is establishing a comprehensive "production-research-service" chain, with factories in Thailand and Uzbekistan already operational, and new bases in Brazil and Hungary planned [2] - BYD's European headquarters in Budapest will support sales, after-sales service, vehicle certification, and local design [2] Group 4: Logistics and Future Goals - To meet an overseas sales target of at least 800,000 vehicles this year, BYD is forming a "ocean fleet" of eight car transport ships, expected to enhance shipping capacity significantly [2] - Citigroup has raised BYD's target prices for both Hong Kong and A-shares to 727 HKD and 669 CNY per share, respectively, citing favorable export conditions for Chinese passenger vehicles [2]