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BYD (01211.HK) has sold over 3,000 vehicles in Singapore this year, surpassing Toyota to become the top seller.
In the first four months of this year, BYD (01211.HK) sold 3,002 Autos, accounting for 20% of total vehicle sales in Singapore, making it the best-selling car brand in Singapore, surpassing Toyota (7203.JP) for the first time. During this period, Toyota and BYD's main electric vehicle competitor, Tesla (TSLA.US), sold 2,050 and 535 units respectively, while Toyota had previously maintained its leading position. BYD's strong sales growth in Singapore reflects its efforts to focus on overseas markets amid fierce price competition in mainland China. Earlier reports indicated that BYD plans to have by 2030.
Express News | BYD shares have risen sharply in the short term, currently up over 3%, with the stock price reaching a maximum of HKD 428.6, setting a new historical high.
Express News | The Hong Kong stock of BYD increased by over 3% during the day, with the stock price reaching 427 Hong Kong dollars, setting a new historical high.
The first interest rate cut of the year has been implemented! This releases approximately 1 trillion yuan in long-term liquidity.
① The People's Bank of China lowered the reserve requirement ratio of Financial Institutions by 0.5 percentage points starting from May 15, providing approximately 1 trillion yuan in long-term liquidity to the market; ② This adjustment aims to encourage Financial Institutions to support the real economy, especially in the fields of Autos finance and leasing.
BYD Tops Singapore Vehicle Sales so Far This Year, Replacing Toyota
Quick look at the Hong Kong market | All three major indices in Hong Kong rose, with the Hang Seng Index increasing by 2.30% and the tech index rising by 2.13%; Digital Health stocks all went up, with JD HEALTH increasing by 5.13%.
The three major indices of the Hong Kong stock market are all up, and Network Technology stocks are rising across the board;