The Zhitong Finance App learned that Lyon released a research report saying that market concerns about a possible reduction in export tax rebates and EU tariffs, combined with performance in line with expectations, have caused the share price of BYD shares (01211.HK) to fluctuate over the past two days. However, the bank believes that the market reaction has underestimated BYD's profitability, and it is expected that a strong domestic sales rebound and overseas acceleration will drive profit growth of about 25.7% in 2027. The bank estimates that BYD will sell 500,000 vehicles per month by the end of the year and export at least 2.5 million vehicles next year, reaffirming the target price of HK$120 and a “highly confident outperforming the market” rating.

The Zhitong Finance App learned that Lyon released a research report saying that market concerns about a possible reduction in export tax rebates and EU tariffs, combined with performance in line with expectations, have caused the share price of BYD shares (01211.HK) to fluctuate over the past two days. However, the bank believes that the market reaction has underestimated BYD's profitability, and it is expected that a strong domestic sales rebound and overseas acceleration will drive profit growth of about 25.7% in 2027. The bank estimates that BYD will sell 500,000 vehicles per month by the end of the year and export at least 2.5 million vehicles next year, reaffirming the target price of HK$120 and a “highly confident outperforming the market” rating.