BYD shares (01211) AH shares all rose more than 9% to a new high, Goldman Sachs said it may supply external batteries to raise battery production expectations

　　Goldman SachsPublished report refers to the upward adjustmentBYD shares(01211) Battery production forecasts and net income forecasts of 1-2% from 2022 to 2023. The target price is raised from HK$313 to HK$321, maintaining its “confirmed buy” list.BYD sharesAH shares rose more than 9%, setting a new record high. As of press time, H shares rose 8.57% to 281.2 Hong Kong dollars, with a turnover of 3.455 billion Hong Kong dollars.

　　Goldman SachsExpress,BYDIn the near future, we will ensure the supply of 24,000 tons of lithium hexafluorophosphate (LiPF6) from the second half of this year to 2023. LiPF6 is the most important component in battery electrolyte, used as lithium ion battery electrolyte for lithium ion power batteries, lithium ion energy storage batteries, and other daily-use batteries. According to the bank, based on the 60kWh required for each vehicle, the above supply can support the production of 2.6 million batteries in the next 2.5 years, which is equivalent to 13 times the company’s vehicle production guidance this year, reflecting the company’s ability to supply batteries to outsiders. At the same time, the action also reflects the company’s intention to establish a production line for production of strategic components in the department, which is believed to help withstand supply chain risk issues and ensure that it can cope with research and development in the future.

(Source: Zhitong Finance Network)

Article source: Zhitong Finance Network

Editor in charge: DF551

Original title: Hong Kong stocks move | BYD shares (01211) AH shares all rose more than 9% to a new high, Goldman Sachs said it may supply external batteries to raise battery production expectations