DS-BYD @EC2610A

Release of FY 2025 Financial Results

MWC Barcelona 2026 to open, highlighting connected vehicle tech.

BYD files patent for 'active discharge circuit' to enhance EV safety.

Geely ends BYD's 40-month streak as China's top-selling car brand.

Mainland China markets resume trading after Lunar New Year; BYD A-shares reopen.

A-shares reopen after Lunar New Year; BYD and HK stocks face pressure from US tech selloff and tariff fears.

BYD valuation drops to historical lows; Citi maintains HK$174 target price.

BYD's Denza brand to debut in Philippines, accelerating Southeast Asia premium expansion.

BYD Tops Hong Kong Auto Sector Short Selling List for February 23.

BYD's Malaysia Assembly Plant Progress to Benefit KLK Techpark.

BYD Unveils New MPV and Accelerates 2026 German Market Expansion

13th International Engine Congress set to open on Feb 24, with focus on BYD technology.

BYD expected to launch Atto 2 model in May 2026

BYD's Turkey plant expected to start production by late 2026

BYD's new flagship models are expected to launch in Q1 2026.

BYD Debuts New Models and Sub-brands at 2026 Geneva Motor Show

BYD confirms small-batch production of solid-state batteries by 2027

BYD's intelligent manufacturing experience becomes a key industrial tourism attraction in Shenzhen.

New BYD Seal 06EV declaration images exposed, featuring optional LiDAR.

China regulators issue new guidelines banning EV sales 'below cost', signaling end to price war.

CHERISH SUN

ADD NEW ENERGY

PUTIAN COMM

NANFANG COMM

KNOWLEDGE ATLAS

MOBI DEV

DAISHOMICROLINE

MODERN LAND

GIGADEVICE

MOMENTUM FIN

09824

82824

300750

002594

01211

Today, the A-shares resumed trading, with the three major indices opening higher, rising by 1.2%-1.7%. The People's Bank of China conducted reverse repurchase operations, netting 926.4 billion yuan, and the LPR remained unchanged. The central parity rate of the yuan against the US dollar was reported at 6.9414. Domestic bank stocks, as well as gold and chip-related stocks, generally rose, with CATL opening up 2% and BYD opening up 1.9%. Film and television stocks performed poorly, with Hengdian Film and China Film hitting the daily limit down

AASTOCKS

EFUND GOLD MI-U

EFUND GOLD MI-R

CATL

ZHONGJIN GOLD

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

EFUND GOLD MI ETF

SD-GOLD

BYD COMPANY

ChinaAMC Gold ETF

The Shanghai and Shenzhen A-shares resume trading today after the Spring Festival holiday, with the three major indices opening higher by 1.2%-1.7%. Gold and chip stocks are rising

513130

03033

02269

03032

03067

STECH

00285

00HSI

Hong Kong stocks showed significant gains in the morning session, with the Hang Seng Index rising 605 points or 2.3% to 27,019 points. The National Index increased by 224 points, and the Hang Seng Tech Index rose by 173 points. Export, technology, and commodity stocks generally rose, with a total turnover of HKD 106.45 billion. BYD ELECTRONIC, Sunny Optical, and WUXI BIO performed strongly, and the decline of the US dollar also boosted commodity stocks

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

CSOP HS TECH

WUXI BIO

HSTECH ETF

ISHARESHSTECH

Hang Seng TECH Index

BYD ELECTRONIC

Hang Seng Index

"Hong Kong Stocks" Hang Seng Index rises 605 points in half a day, with export, technology, and commodity stocks up; AI and robotics stocks pull back

BYDDY

01913

GPRO

BYDDF

KLXY

Thousands of global companies have filed lawsuits against the U.S. government seeking refunds for tariffs imposed by President Trump. The U.S. Supreme Court is yet to rule on the legality of these tariffs, which were enacted under a 1977 law. Major companies like BYD, Prada, Staples, and GoPro are among those challenging the tariffs, potentially seeking $150 billion in refunds. The outcome could significantly impact trade relations with countries like China, India, and Brazil.

- Thousands of companies have filed lawsuits against U.S. President Trump's tariffs, seeking refunds on duties paid.  
- The U.S. Supreme Court is deliberating on the legality of these tariffs, which were imposed under a 1977 law during national emergencies, affecting goods from various countries like China and India.  
- Affected companies are preparing for a potential recovery of approximately $150 billion in refunds if the Supreme Court rules against the tariffs.

Reuters

BYD Company

PRADA

Gopro

BYD Company Limited

Kraneshares Global Luxury Index ETF

FACTBOX-Global companies that have sued the US government for tariff refunds

09987

BABA

09888

KBAB

KWEB

BIDU

The NASDAQ Golden Dragon China Index initially closed down 0.1%. Among popular Chinese concept stocks, Pinduoduo initially rose over 1%, Meituan, YUM CHINA, New Oriental, Tencent, BYD, Baidu, and Alibaba rose by up to 0.9%, Li Auto fell by 0.3%, XPeng fell by 0.9%, and WeRide fell by 3.8%

Wallstreetcn

YUM CHINA

Alibaba

BIDU-SW

Global X China Consumer

KraneShares 2x Long BABA Daily ETF

BABA-W

MEITUAN

NEW ORIENTAL-S

Direxion FTSE China Bull 3X

GraniteShares 2x Long PDD Daily ETF

Tencent

Roundhill China Dragons ETF

Krne Csi China Internet

Global X E-commerce ETF

Tencent Holdings Limited

NASDAQ Golden Dragon China Index

Invesco Golden Dragon China

iShares MSCI China

Baidu

KraneShares 2x Long PDD Daily ETF

GELYY

STLA

MOTO

GELHY

00175

CARZ

Stellantis is reviving diesel models in Europe, introducing at least seven new diesel variants despite a significant decline in diesel sales over the past decade. This move comes after a $27 billion writedown related to its EV plans, as diesel offers a lower-cost alternative for consumers. Meanwhile, Chinese automakers BYD and Geely are vying for a Nissan-Mercedes plant in Mexico, aiming to expand into South America and potentially the U.S. market. Additionally, Germany's far-right AfD party is seeking to gain influence among auto workers through union representation.

- U.S. car prices are increasing, with many consumers opting for basic models due to affordability issues.  
- Stellantis is reviving diesel models in Europe while Chinese automakers BYD and Geely are targeting a Nissan–Mercedes-Benz plant in Mexico for future production.  
- Meanwhile, Germany's far-right AfD party seeks to gain union representation at automakers, and Great Wall Motor plans a European comeback amid increased competition.

Geely Auto

Stellantis NV

SmartETFs Smart Transportation & Tech ETF

GEELY AUTOMOBILE HOLDINGS LIMITED SPON ADS EACH REP 20 ORD

GEELY AUTO

First Trust S-Network Future Vehicles & Tech ETF

AUTO FILE-Stellantis’ diesel revival, and a Mexican foothold for China’s carmakers

Ford CEO Jim Farley proposed a joint venture framework with Chinese automakers to manufacture vehicles in the U.S. during discussions with Trump administration officials at the Detroit Auto Show. This plan aims to allow Chinese firms to produce cars domestically while maintaining American companies' controlling stakes. The talks come as BYD surpassed Ford in global vehicle sales for 2025, with Ford's sales declining. Despite market challenges, Ford's stock shows strong momentum and an attractive valuation relative to peers.

- Ford Motor Co. CEO Jim Farley discussed potential joint ventures with Chinese automakers for U.S. manufacturing during the Detroit Auto Show.  
- The talks come as BYD Co. surpassed Ford in global vehicle sales for 2025, selling approximately 4.6 million units compared to Ford's 4.4 million.  
- Despite competitive challenges, Ford's valuation remains attractive, supported by a solid balance sheet and operational efficiency, while its stock recently showed slight decline.

benzinga_article

FORD MOTOR CO 6.20% NOTES DUE 01/06/2059 USD25

FORD MOTOR CO 6.500% NOTES DUE 15/08/2062 USD25

FORD MOTOR CO 6.000% NOTES DUE 1/12/2059 USD25

Ford Motor

Ford CEO Floats Bold China JV Plan To Trump Team

515030

516380

BYD Europe is partnering with DLL to enhance financing options for its electric trucks and buses across nine European countries, including Germany. This collaboration aims to accelerate the adoption of sustainable transport solutions, offering various financing solutions such as operating leasing and loans. BYD, primarily active in the bus sector, is expanding its electric truck rollout with models like the ETM6 and ETH8. The partnership is expected to support BYD's commitment to Europe's green transformation in public transport and commercial vehicles.

- DLL, based in Eindhoven, has partnered with BYD to expand financing solutions for electric trucks and buses across multiple European countries.  
- This collaboration follows DLL's existing financing of BYD vehicles, aimed at enhancing the adoption of sustainable transport solutions.  
- The partnership will facilitate flexible financing for customers, supporting BYD’s goals for electrification in Europe, particularly in public transport and commercial vehicles.

electrive

Hua Xia CSI New Energy Vehicles ETF

Hwabao WP CSI Intelligent Electric Vehicle ETF

BYD Europe to boost commercial vehicle business via financier DLL

Dachser, a leading European logistics provider, has deployed two BYD electric trucks, the ETM6 model, for last-mile delivery in Spain. This marks a shift from their usual reliance on European brands. Dachser operates over 160 electric trucks and has established emission-free delivery zones in 25 cities. The ETM6 trucks, with a payload capacity of up to 4 tonnes and a range of 200 km, were tested over 3,500 km before acquisition. This move aligns with Dachser's sustainability strategy and aims to enhance low-emission logistics.

- Dachser, a prominent logistics provider founded in 1930, is advancing the electrification of transport with 160 battery-electric trucks and over 800 charging points across Europe.  
- The company’s strategy includes the 'Dachser Emission-Free Delivery' concept, promoting emission-free delivery zones in 25 European cities and recently introducing this model in Düsseldorf.  
- Two Chinese-manufactured BYD ETM6 electric trucks have been added to Dachser’s fleet in Spain, following successful testing, signaling a commitment to low-emission logistics and a partnership with BYD.

Dachser deploys BYD electric trucks

513040

BABX

Chinese tech stocks, led by Alibaba (BABA), fell after the U.S. Defense Department briefly listed several firms, including Alibaba, Baidu, and BYD, as military-linked. Alibaba's stock dropped over 3%, while Baidu and BYD fell about 1%. Although the list was later removed, it unsettled investors, recalling past market reactions to similar listings. Despite the concerns, Wall Street analysts maintain a positive outlook, with Alibaba rated as a Strong Buy and expected to rise by 30%. Baidu and BYD also show strong potential with 24% and 28% upside, respectively.

- Alibaba Group's stock declined over 3% after the U.S. Defense Department briefly listed it and other companies as linked to China's military.  
- Despite the list being unpublished, it unsettled investors, raising concerns about potential repercussions for Alibaba, Baidu, and BYD in the market.  
- Analysts maintain a Strong Buy consensus for all three companies, with Alibaba showing the highest expected return of about 30% upside.

Tip Ranks

E Fund CSI HK Connect Internet ETF

BABA 2x Long Daily ETF - GraniteShares

Hwabao CSI HK Equities Internet ETF

Why Are Chinese Tech Stocks Down Today? Alibaba (BABA) Leads Sell-Off

DRIV

BYD and Geely have made it to the final acquisition list for the Nissan - Mercedes-Benz Mexico factory. Due to the U.S. tariff policy leading to the shutdown and increased layoffs at the Mexico factory, Chinese car manufacturers are actively seeking to establish manufacturing bases in Mexico. Cui Dongshu from the Passenger Car Association stated that Mexico is expected to become China's largest automobile export country by 2025

Global X Autonomous & Electric V

ChinaAMC CSI Hong Kong Connect Automobile Industry Thematic ETF

Guotai CSI 800 Automobile and Parts ETF

BYD and Geely may bid for factories in Mexico. Cui Dongshu from the Passenger Car Association: Mexico will be China's largest automobile export country by 2025

TSLA

In January, BYD maintained its position as China's largest NEV maker with a 15.8% market share, narrowly ahead of Geely at 15.5%. Tesla's sales dropped significantly, falling out of the top 10 NEV makers with only 18,485 units sold, marking a 45.15% year-on-year decline. Geely's sales also decreased by 21.6%. HIMA saw a 65.5% increase in sales, securing third place. Overall, the NEV market is competitive, with BYD, Geely, and HIMA leading the way.

- BYD retained its title as China's largest new energy vehicle (NEV) maker in January 2026, selling 94,176 units and holding a 15.8% market share, despite a 53% year-on-year decline.  
- Geely ranked second with 92,135 sales, narrowing the gap to 0.3 percentage points, while Tesla recorded its lowest sales in China since November 2022 with 18,485 units.  
- The competitive landscape also saw Huawei's HIMA securing third place with a 9.7% market share and a significant 65.5% year-on-year increase in sales.

CnEVPost

Tesla

Automakers' share in China NEV market in Jan: BYD leads with 15.8%, Tesla again falls out of top 10

600104

As the Spring Festival holiday approaches, the car rental market is heating up, especially with a 600% year-on-year increase in bookings for new energy vehicles. Family travel and the demand for returning home have driven the choice of self-driving trips, resulting in significant growth in both rental orders and user scale. Consumers are more inclined to choose intelligent and environmentally friendly new energy vehicles, reflecting the market's preference for eco-friendly travel

SAIC Motor

Ping An CSI Auto Components Thematic ETF

Li Auto

Guotai CSI New Energy Vehicles ETF

XPeng

NIO Inc

ChinaAMC CSI Auto Components Thematic ETF

XPENG-W

E Fund CSI Auto Components Thematic ETF

GAC GROUP

NIO-SW

BAIC BluePark

CHANGAN AUTOMOBILE

LI AUTO-W

HFT CSI Auto Components Thematic ETF

GAC Group

Car rental has become popular, with a 600% surge in bookings for new energy vehicle rentals

The Pentagon briefly added Alibaba and BYD to its list of companies with alleged ties to the Chinese military, raising concerns of heightened U.S.-China tensions ahead of the Trump-Xi summit in April. The updated list, which also included Baidu, was reportedly withdrawn shortly after submission. While inclusion on the list does not impose immediate legal consequences, it poses reputational risks and suggests potential future punitive measures. The move follows U.S. intelligence warnings regarding Alibaba's national security threat and BYD's legal battle over tariffs on Chinese electric vehicles.

- The Pentagon named Alibaba Group and BYD Co. as companies with alleged ties to the Chinese military but quickly withdrew the updated document.  
- This decision could heighten tensions between the U.S. and China ahead of the upcoming summit between Presidents Trump and Xi Jinping.  
- While being listed does not have immediate legal consequences, it poses reputational risks and could lead to future punitive measures from the United States.

Pentagon Adds Alibaba, BYD To Chinese Military List, Then Reportedly Pulls Filing As Trump-Xi Meet Looms

BYD and Geely, two leading Chinese car manufacturers, are competing to acquire the Mercedes-Benz plant in Aguascalientes, Mexico, which is also operated with Nissan. This follows Mercedes' decision to exit its partnership with Nissan due to strategic shifts. The sale is under scrutiny as Mexican officials face pressure from the U.S. regarding tariffs and the implications of allowing a Chinese company to invest in the region. Despite challenges, Chinese EV manufacturers have captured about 10% of the Mexican market since entering in 2020.

- Mercedes is exiting its business with Nissan, leading to a bid for the plant by Chinese manufacturers BYD and Geely, among others.  
- Nissan cites "broader strategic shifts" for its departure, while Mexican officials face international pressure regarding potential Chinese investments amid U.S. tariffs.  
- Mexican EV market growth reflects Chinese manufacturers capturing 10% share, despite Mexico's own 50% tariff on Chinese goods, and the government is stalling decisions on new Chinese investments pending U.S. trade negotiations.

BYD & Geely race to bid for car plant in Mexico

Today’s Key News Recap

0202 | Dolphin Research Focus: 🐬 Macro/Industry 1) International precious metals have sold off sharply since the weekend, with gold and silver down materially on a hawkish Fed chair nominee, a stronger USD and higher UST yields, concentrated profit-taking, and deleveraging by levered funds. The violent swings highlight fragile risk sentiment; near term, the market likely chops in a consolidation range with elevated vol risk.2) EV startups posted their first Jan delivery prints with wide divergence in YoY growth, and Leapmotor led the pack with 32,059 units. ...

LEAPMOTOR

BYD COMPANY-R

Alphabet - C

Alphabet

TENCENT

TENCENT-R

Tencent HK SDR 10to1

POP MART

POP MART HK SDR 20to1

CHINA MOBILE

CHINA MOBILE-R

Gold and silver slump, cooling the market; BABA's Qwen adds RMB 3 bn for Lunar New Year | Daily News Recap

DS-BYD @EC2610A(24097.HK)

The Shanghai and Shenzhen A-shares resume trading today after the Spring Festival holiday, with the three major indices opening higher by 1.2%-1.7%. Gold and chip stocks are rising

"Hong Kong Stocks" Hang Seng Index rises 605 points in half a day, with export, technology, and commodity stocks up; AI and robotics stocks pull back

FACTBOX-Global companies that have sued the US government for tariff refunds

The NASDAQ Golden Dragon China Index initially closed down 0.1%. Among popular Chinese concept stocks, Pinduoduo initially rose over 1%, Meituan, YUM CHINA, New Oriental, Tencent, BYD, Baidu, and Alibaba rose by up to 0.9%, Li Auto fell by 0.3%, XPeng fell by 0.9%, and WeRide fell by 3.8%

AUTO FILE-Stellantis’ diesel revival, and a Mexican foothold for China’s carmakers