On August 20, BYD COMPANY rose 3.02% in regular trading, trading at HKD 92.15/share, with turnover of HKD 487 million.

On the news front, BYD officially announced its third-generation Tang will debut at the Chengdu Auto Show tomorrow, featuring panoramic display and flash charging technology capable of replenishing 10% to 70% battery in just 5 minutes. Additionally, BYD's Fangchengbao Titanium 9, a plug-in hybrid six-seat large SUV measuring 5270mm in length with 200kW dual motors, was confirmed for its global premiere at the show.

Policy tailwinds also supported the sector, as nine government departments including the Ministry of Commerce issued guidelines to boost NEV adoption in rural areas and expand charging infrastructure coverage. July data showed NEV penetration exceeding 60% of new car sales for the first time, while auto exports surged 81.3% year-on-year to over one million units.

The broader Automobile Manufacturers sector rallied collectively, with LI AUTO-W up 6.05%, NIO-SW up 5.41%, XPENG-W up 3.87%, GEELY AUTO up 3.85%, and LEAPMOTOR up 3.49%. BYD's board is scheduled to review interim results on August 28.

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