BYD COMPANY Wanes ~2% as FangChengBao Reported to Cut 'Bao 5' Prices by RMB50K on General 1H24 Sales

AASTOCKS

2024-07-30 09:43

BYD COMPANY (01211.HK) shed nearly 2% to $226.8, with 796,000 shares traded, involving $182 million. BYD COMPANY's FangChengBao announced t...

　　BYD COMPANY (01211.HK) -5.800 (-2.506%) Short selling $276.16M; Ratio 26.232% shed nearly 2% to $226.8, with 796,000 shares traded, involving $182 million.

　　BYD COMPANY's FangChengBao announced the brand's first anniversary renewal strategy, in which the prices of the “Bao 5” was lowered by RMB50,000 to RMB239,800-RMB302,800.

　　China Business Network quoted a salesperson of FangChengBao's direct-sale store as saying that the Bao 5 delivered a general sales volume in 1H24. Therefore, BYD Group's senior management decided to adjust prices after studying stores.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-29 16:25.)

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