According to Citi analysts, BYD is anticipated to post strong profits in the third quarter due to robust sales, effective cost management, and changes in its revenue structure. Based on investor feedback, BYD's net profit for the third quarter is projected to range from 10.5 billion to 11.8 billion RMB.
Moreover, Citi forecasts that BYD's fourth-quarter sales could surpass expectations, with monthly sales in November potentially reaching 500,000 vehicles. Investors are keeping a close eye on BYD's performance and sales data as they assess the impact of potential further price cuts by Tesla and other electric vehicle manufacturers, alongside the recent rebound in traditional car sales.
