BYD: Who would have guessed that?

In the past week, BYD could not release any news related to the market. Despite the lack of new information, shares of the Chinese technology company rose a significant 4.3%. This can be considered a notable achievement as BYD was previously about to enter and establish itself in a poor situation. Now the tide seems to be turning and the price is heading towards the 25 euro mark.

BYD: A positive sign in the global environment

BYD’s recent positive development comes in the context of China-US economic relations. Both countries are in talks which are basically about access to their respective markets. At its core, the United States is seeking to keep Chinese companies out of the U.S. market for solar energy and electric vehicles. High taxes can be a great tool here.

BYD stock chart

These talks, reminiscent of an economic war, are being formalized under the pretext of reducing “excess capacity”. In reality, however, strategies to protect the market are ahead. However, according to current indications, the negotiations at the negotiating table seem to be going well.

Market reaction and analyst expectations

The positive reaction from the market is reflected in BYD’s price development. With an increase in value of 4.3%, the company is in a correction and is approaching the mark of 25 euros. This price limit is seen as an important obstacle in the recovery of the high state. If BYD exceeds this mark, analysts can predict a further increase in the share price by more than 10 euros.

Current price developments and positive signals from international negotiations give hope for BYD’s return to the bullish trend. Investors and market watchers will continue to closely monitor further developments to see if these positive expectations can be realized and translate into long-term trends.