BYD: Strong start to the week
BYD shares have lost around 35 percent in the past three months. On Monday, it initially appeared that the downward pressure would persist, and the stock hit a new low. But then the bulls suddenly stepped in and caused the price to turn significantly positive.
BYD shares started extremely weakly in domestic trading after the weekend. Just one minute after the opening bell in Hong Kong, they were trading more than one percent below their Friday closing price, simultaneously falling to their lowest level since the end of February.
But the bulls quickly rebounded and offset the losses, and just a few minutes later, the price was even trading in the green. This was triggered by the recent news surrounding the new luxury SUV model called the U8L Dingshi Edition.
This has been officially unveiled and is available for order. Surprisingly, the list price is 1.28 million yuan (approximately €150,000), 20,000 yuan or almost €2,400 lower than the previously announced pre-order price.
The model is equipped with the "God's Eye" system based on DeepSeek's AI model and combines a 55kWh battery with a 90-liter fuel tank. This gives the luxury SUV a range of around 1,200 kilometers, 200 of which are purely electric.
The four percent price jump is a positive signal, which the stock can certainly use after the sell-off of the past few months. Nevertheless, the technical situation is not significantly improved for the time being. On the contrary: A so-called death cross – a strong sell signal – still looms.
BYD's new SUV model is being well-received in the market, especially the lower-than-initially announced price. Whether it can be a game-changer for the stock remains to be seen, however. Investors are remaining on the sidelines given the continued weak technical situation.
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