---
title: "In \"The Big Banks,\" Citigroup: BYD and Geely's export volume further increases, and domestic automobile sales momentum rebounds"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/281459893.md"
description: "The report from Citibank indicates that high oil prices may lead buyers to prefer electric vehicles, especially in overseas markets. BYD and Geely's export volumes further increased in March, growing 56% and 129% year-to-date, respectively. Domestic sales momentum has rebounded, with major automakers' sales reaching 1.1 million vehicles, only down 1% year-on-year. The weekly sales of BYD, Geely Galaxy, and Leapmotor increased by 10%, 10%, and 100%, respectively. The bank is optimistic about BYD and Geely, setting target prices of 130 yuan and 23 yuan, respectively, both rated as \"highly confident to outperform the market.\""
datetime: "2026-04-02T03:25:43.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281459893.md)
  - [en](https://longbridge.com/en/news/281459893.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281459893.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/281459893.md) | [繁體中文](https://longbridge.com/zh-HK/news/281459893.md)


# In "The Big Banks," Citigroup: BYD and Geely's export volume further increases, and domestic automobile sales momentum rebounds

The report from Citibank indicates that high oil prices may lead buyers to prefer electric vehicles, especially in overseas markets; meanwhile, BYD (01211.HK) and Geely (00175.HK) saw further increases in export volumes in March, with year-to-date export volumes growing by 56% and 129%, respectively.

At the same time, it is understood that domestic sales momentum is also recovering, particularly in the mass market, where major automakers sold 1.1 million vehicles, down only 1% year-on-year. Channel data shows that the weekly sales of BYD, Geely Galaxy, and Leapmotor (09863.HK) increased by 10%, 10%, and 100%, respectively. The firm believes that the automotive sector's dynamics are improving, with a recovery in orders.

In terms of stock selection, the firm prefers BYD and Geely as the main beneficiaries of export growth and resilient domestic sales, with target prices of 130 yuan and 23 yuan, respectively, both rated as "highly confident to outperform the market."

### 相关股票

- [LEAPMOTOR (09863.HK)](https://longbridge.com/zh-CN/quote/09863.HK.md)
- [BYD (002594.CN)](https://longbridge.com/zh-CN/quote/002594.CN.md)
- [ChinaAMC CSI Hong Kong Connect Automobile Industry Thematic ETF (159323.CN)](https://longbridge.com/zh-CN/quote/159323.CN.md)
- [Hua Xia CSI New Energy Vehicles ETF (515030.CN)](https://longbridge.com/zh-CN/quote/515030.CN.md)
- [GEELY AUTOMOBILE HOLDINGS LIMITED SPON ADS EACH REP 20 ORD (GELHY.US)](https://longbridge.com/zh-CN/quote/GELHY.US.md)
- [BYD Company (BYDDY.US)](https://longbridge.com/zh-CN/quote/BYDDY.US.md)
- [BYD Company Limited (BYDDF.US)](https://longbridge.com/zh-CN/quote/BYDDF.US.md)
- [Geely Auto (GELYY.US)](https://longbridge.com/zh-CN/quote/GELYY.US.md)
- [GEELY AUTO (00175.HK)](https://longbridge.com/zh-CN/quote/00175.HK.md)
- [Hwabao WP CSI Intelligent Electric Vehicle ETF (516380.CN)](https://longbridge.com/zh-CN/quote/516380.CN.md)
- [BYD COMPANY (01211.HK)](https://longbridge.com/zh-CN/quote/01211.HK.md)

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