BYD file: What a matter!

Last Thursday, Chinese car maker BYD recorded a share price increase of more than 1%. The share was close to breaking the 25 euro mark, but did not quite reach it. The company now faces the challenge of consolidating this success on the last day of the week. It seems as though a higher direction is within reach. The price development shows that the resistance level may be overcome soon, after a sustained success has not been achieved in recent days. With a weekly increase of 6%, the prospects for BYD to move further in the market are good. The driver of this could be the company’s positive statistics, which BYD is expected to present at the next extraordinary general meeting on April 19. Although the results of the previous year are already known, the focus is on values ​​and predictions for this year.

BYD stock chart

New perspectives of BYD

BYD’s prospects are promising. The company recently announced that it expects sales to grow by 20%. This positive development can open new opportunities for the company. However, the current area of ​​tension is the trade dispute with the USA, which is about customs issues. It remains to be seen whether associated cargo will soon be a thing of the past and to what extent BYD can overcome these challenges.