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)
Copyright (c) 2025 Dow Jones & Company, Inc.
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.