BYD's stock is trading at $87.25 (+4.02%) following a series of significant announcements at the Beijing Auto Show, which provided major catalysts for the price increase.
- New Flagship & Tech: The company unveiled its new flagship sedan, the Seal 08, featuring the next-generation Blade Battery 2.0, which targets a 1,000 km range and can add 400 km of range in just five minutes of charging.
- Strong Pre-Orders: BYD launched its largest EV to date, the Datang SUV, which has already received over 30,000 pre-orders within the first 24 hours of its debut.
- New Models: The company also introduced the next-generation Atto 3 with 5-minute flash charging and a new high-performance luxury sedan under its Fang Cheng Bao sub-brand aimed at competing with Tesla and Porsche.