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<Research>CLSA: BYD COMPANY's Production Cut Can Reduce Inventory Overhang; TP $161
BYD COMPANY (01211.HK) is reportedly paring back its production capacity at some of its factories in Mainland China, a research report by CLSA indicated. The company shattered the ...
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<Research>CLSA: BYD COMPANY's Production Cut Can Reduce Inventory Overhang; TP $161
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BYD COMPANY (01211.HK)  -1.500 (-1.193%)    Short selling $923.24M; Ratio 18.369%   is reportedly paring back its production capacity at some of its factories in Mainland China, a research report by CLSA indicated. The company shattered the rumor, explaining it is merely adjusting production during the off-season.

However, CLSA believed this move came as no surprise, as BYD's factories have a monthly capacity of about 500,000 vehicles, while recent output has been around 300,000-400,000 vehicles. The broker assumed the production cut can help the company and the industry’s efforts to reduce inventory overhang.

Related NewsCiti: BYD's Inventory Control Before Off-Season Rational
Furthermore, during a recent dealer meeting, BYD proposed a subsidy amount for dealers of about HKD700-800 million, excluding exports and direct sales, which was below the street consensus of HKD1 billion. This may impact 2Q profits. The broker set a target price of HKD161 and a High-conviction Outperform rating.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-27 16:25.)

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