BYD Shares Soar 21% This Week as Traders Await Autopilot Update
- Hong Kong-listed stock caps best week in over four years
- Smart-driving tech breakthrough may intensify competition
This article is for subscribers only.
BYD Co.’s shares recorded their best week since late 2020, as investor enthusiasm built ahead of the Chinese electric-vehicle maker’s keenly awaited update on its smart-driving technology.
The company’s Hong Kong-listed stock gained 21% over five sessions, boosted by expectations that it will showcase progress on its autopilot system and introduce more intelligence features to its low-priced cars at an event scheduled on Monday.