Today, BYD Auto's A-shares experienced a strong explosion, rising rapidly as soon as the market opened.The intraday increase once expanded to 8.15%, reaching a maximum of 111.82 yuan/share, and the total market value successfully exceeded 1 trillion yuan.. As of midday closing, it still maintained an increase of more than 7%, with a turnover of more than 10.9 billion yuan, becoming one of the most eye-catching targets in the capital market under the background of high oil prices.
The core catalyst for this round of surge comes from the continued surge in international oil prices——Affected by the escalation of geopolitical conflicts in the Middle East and the intensification of shipping risks in the Strait of Hormuz, Brent crude oil futures prices have approached US$109 per barrel. Domestic refined oil products will also usher in a new round of increases at 24:00 on March 23. No. 92 gasoline may return to the era of 9 yuan, and the cost of fuel vehicle use continues to rise..
High oil prices directly amplify the economic advantages of new energy vehicles. BYD's DM-i hybrid and pure electric models have further highlighted the cost advantages of purchasing and using them. According to estimates, compared with fuel vehicles of the same level, they can save nearly 10,000 yuan per year.
also,BYD has recently doubled its order volume in Asian markets such as the Philippines and Vietnam. It has also received export orders from Mexico and Argentina totaling about 100,000 vehicles. The production capacity of its Brazilian factory has been accelerated, and its global layout has achieved remarkable results..
Thanks to this, international investment banks such as Citigroup and UBS have upgraded their ratings. Citigroup has given BYD a "buy" rating with a target price of HK$174, believing that high oil prices will accelerate the increase in the penetration rate of new energy vehicles worldwide.
