0923 GMT - BYD may adopt a wait-and-see approach with its pricing strategy and opt for flexible adjustments, Citi analysts write in a note. The analysts think various government subsidy schemes may affect pricing. Company management has guided for total sales of 5.5 million units this year, and is confident in reaching its 2025 export target of 800,000 units, Citi says. The company expects limited impact from U.S. tariffs on orders from high-growth regions like South America, the bank says. The company sees hybrid cars as a growth driver for exports this year. Citi maintains a buy rating on the stock with a target price of HK$688.00. Shares closed at HK$390.40. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
April 23, 2025 05:23 ET (09:23 GMT)
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