BYD Electronic's stock price surged 16.69% on Thursday, marking a significant intraday gain as investors reacted positively to reports about an upcoming intelligent driving event by its parent company, BYD Co Ltd.
According to the reports, BYD Co Ltd, a leading Chinese electric vehicle and battery manufacturer, will be hosting an intelligent strategy launch event on Monday, February 10th, at its Shenzhen headquarters. The event will showcase the company's advanced intelligent driving technology, including its "God's Eye" driving system, allowing attendees to experience its autonomous driving capabilities firsthand.
The news sparked investor enthusiasm about BYD's technological advancements in autonomous driving and related fields, fueling a substantial rally in BYD Electronic's share price as well as other high-tech product makers in the sector.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.