BYD will increase the limit of new energy vehicles
BYD announced that it plans to raise a total of no more than 15 billion yuan to invest in iron power lithium-ion battery expansion projects and new energy vehicle research and development projects. As a strategic emerging industry, new energy vehicles and power batteries, similar to photovoltaic and wind power, are capital intensive and technology intensive industries. Financing demand has become the new normal for the development of new energy vehicle industry, which is pregnant with huge investment opportunities.
Analysts pointed out that the bottom of the basic plane of the stock was established, and the annual performance was more flexible. However, it is worth noting that the current P/E ratio of the company has reached 382 times, and the stock price has also reached 83.60 yuan. The overestimation and high stock price restrict its upward space to some extent. Recently, the market volatility has been significantly amplified, and the short-term callback pressure of such "double high" varieties is greater. Yesterday, BYD's trading volume was significantly enlarged when it went up and down, reflecting a strong desire to leave the market, It is suggested that investors should be cautious and pay attention to controlling their positions.
