China auto: BYD a top pick at Mizuho, big gains for Leapmotor and Seres [Seeking Alpha]
BYD CO LTD UNSP/ADR (BYDDY)
NASDAQ:AMEX Investor Relations:
byd.cn/bydenglish/investor
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Source: Seeking Alpha
BYD ( OTCPK:BYDDF ) stood out during what was an overall solid month for auto sales amid some local subsidy help for buyers. "With a recording-breaking wholesales of 418k units while new orders reached 450k in Sep-24, we believe the company has a good chance to achieve total wholesales of 4mn in 2024," highlighted analyst Joel Ying. BYD Company ( OTCPK:BYDDF ) had 34.5% market share in the China during September to easily outpace Geely, Tesla ( TSLA ), and SAIC GM Wuling. Leapmotor and Seres Automobile saw the biggest year-over-year sales growth marks for the month. Leapmotor, founded in 2015 and headquartered in Hangzhou, China, specializes in intelligent electric vehicles. The company has gained recognition for its innovative electric sports cars and advanced autonomous driving systems, which feature 360-degree vision and multiple driving capabilities. Leapmotor's product lineup includes models like the S01, T03, and C11, catering to various market segments. Seres Automobile, fo
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