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Byd repurchase of 1 billion yuan, investors sell on high, market sentiment differentiation

via:凤凰网     time:2022/6/13 22:02:01     readed:59

Byd, the hong Kong-listed entity of BYD, said in A statement that it spent 1.05 billion yuan to buy back 2.95 million A-shares at A price of 344.33 yuan to 358.58 yuan.

The move is seen as a way for BYD to boost investor confidence and maintain its high market value. The previous trading day (June 10), BYD A shares surged more than 8%, the company's market value exceeded 1 trillion yuan for the first time, which also makes BYD A share history of the first market value of more than one trillion vehicle enterprises.

June 13, ALTHOUGH the overall trend of BYD continued to rise, the opening price was 346 yuan per share, the highest high to 358 yuan per share, by today's close, BYD fell to 348 yuan per share, the current market value is still more than 1 trillion yuan.

Byd, however, is under pressure to sell. "Business World" weekly noted that today's daily turnover of BYD a-shares exceeded 12.5 billion yuan, in the view of some investors, this shows that the market sentiment began to diverge, A large number of investors sold their shares when BYD's market value reached A high of 1 trillion yuan.

In the view of some investors, BYD's buyback of its own shares, to a certain extent, weakened the downward pressure on stock prices brought by selling on high, and maintained the "trillion market value".

In fact, BYD's market capitalization hit a record high of one trillion yuan on June 10, which is related to many business developments. On June 1, BYD 2022 Tang EV was launched, with a price of 279,800 yuan to 339,800 yuan after comprehensive subsidies and a maximum range of 730km. So far, BYD dynasty series of two high-end kingpin products Han, Tang are completed upgrading.

Under the influence of a number of new vehicle products, byd has surpassed the world's well-known automaker Volkswagen Group with a total market value of $128.8 billion (about 862.6 billion YUAN) on a global market value list released on June 7, ranking third in market value, second only to Tesla's $728.88 billion and Toyota's $228.96 billion.

Subsequently, byd power battery field of hearsay, byd will directly send one trillion "altar". "Byd respects Tesla very much, and we admire Tesla very much," Lian Yubo, executive vice president of BYD Group and head of the auto engineering Institute, said in an interview with GUI Yingchun, a veteran financial media player, on June 7. "We are also good friends with Musk now, so we are going to supply batteries for it soon."

Byd shares rose more than 10 percent after the news was widely reported.

However, a Tesla official said, "I have not heard this information." As of press time, CGTN host 蒉莺春 had deleted the video of the INTERVIEW with BYD posted yesterday.

In fact, last August, word got out that BYD would start delivering blade batteries to Tesla in the second quarter of this year. At the time, there was no public response. But this is the first time BYD has spoken about the possibility of a partnership, and Tesla's vague comments suggest that a partnership is "in the bag."

As the two giants with the highest sales volume of new energy vehicles in the world, the cooperation between Tesla and BYD is closely tied due to "interests". Tesla needs high-quality power battery suppliers to ensure sufficient production capacity and supply, while BYD takes the opportunity to open its circle of friends and increase its market share in the power battery field.

But the rumors of cooperation between the two sides, there are still more doubts unresolved, BYD can maintain a trillion market value for a long time, still to be observed.

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