Changes in Hong Kong stocks | BYD shares (01211) rose more than 6% in early trading, and new energy exports doubled year-on-year in October, contributing to profit elasticity

The Zhitong Finance App learned that BYD shares (01211) rose more than 6% in early trading. As of press release, it rose 5.39% to HK$76.2, with a turnover of HK$1,429 billion.

According to the news, BYD's total sales volume in October was 49,000 units, up 11.0% year on year; in October, it exported 170,000 new energy vehicles, up 102.8% year on year, accounting for 34.7% of total sales for the month. Dongwu Securities predicts that BYD will sell 460-4.8 million vehicles in '26, including 1.8 to 1.9 million vehicles overseas. Strong export growth will continue to hedge against domestic sales pressure.

Huaan Securities said that BYD is speeding up the global production capacity layout. The Hungarian factory is expected to be put into operation in the fourth quarter, comprehensively improving overseas supply guarantee capabilities, and globalization is entering a new stage of high-quality development. The company sold 1,337,800 vehicles overseas in the first three quarters of 26, up 90.7% year on year. The company is expected to go overseas with more than 1.9 million vehicles throughout the year, more than 80% year on year. Overseas products are profitable, which is the company's profit guarantee.