June 10th news, BYD A-share stock price rose sharply, and exploded after the lunch break, with a total market value exceeding one trillion yuan, becoming the first Chinese auto company to enter the "trillion-market value club".
As of the close of June 10, BYD rose 8.19%, reaching a record 348.8 yuan per share, and the company's latest market value is 1.02 trillion yuan. BYD's Hong Kong stocks also performed very well today, up more than 5%, closing at HK$315.8, with the company's latest market value of HK$919.3 billion.
Since May 10, BYD's A-share stock price has been soaring, with a 50% increase in one month. Since June last year, BYD's stock price has risen by about 100% in the past year.
At present, BYD's latest market value in A-share companies is second only to Kweichow Moutai, Industrial and Commercial Bank of China, China Construction Bank, China Merchants Bank, China Petroleum, CATL and Agricultural Bank of China, ranking 8th in the A-share companies' market value list.
In April this year, BYD announced the suspension of the production of complete fuel vehicles, becoming the first car company in the world to officially stop production of fuel vehicles.
With the suspension of fuel vehicles, BYD ushered in a full-scale explosion in the new energy field. From March to May, BYD's new energy vehicle sales exceeded 100,000 units for three consecutive months, and in May it once again set a record with a record of 114,000 units, exceeding the total sales of 2-5 places in the ranking. As of the end of March this year, BYD's cumulative undelivered orders have reached 400,000 units.
April 2htmlBYD issued an announcement stating that the company's board of directors reviewed and approved a plan to repurchase shares, intending to repurchase shares between 1.8 billion and 1.85 billion yuan for the implementation of BYD's employee stock ownership plan, and plans to acquire shares at 0 yuan per share to 12,000 people, and the participants do not need to contribute capital.
June 7, BYD Vice President Lian Yubo confirmed that BYD will soon cooperate with Tesla to provide it with power batteries.
htmlOn June 8, BYD reviewed and passed the "Proposal on Adjusting the Price of Shares of Repurchase Company", adjusting the Price of Shares of Repurchase Company from no more than 300 yuan per share to no more than 400 yuan per share.
Also According to the global automaker market value rankings, BYD surpassed the world's well-known automaker Volkswagen Group with a total market value of US$128.8 billion a few days ago, only lagging behind Tesla and Toyota Group, and is also the only Chinese automaker among the top 10 car companies in the world.
