Movement Alert|BYD Company Falls 3.03% in Regular Trading, Auto Sector Retreats Amid Weak June Retail Data

Market Focus
Jul 09

On July 9, BYD Company fell 3.03% in regular trading, trading at HK$83.5/share, with turnover of HK$1.167 billion. The decline came as the broader auto sector faced collective selling pressure triggered by disappointing June retail figures.

According to the latest data from the China Passenger Car Association, June national passenger vehicle retail sales reached 1.602 million units, down 23.2% year-over-year, while new energy passenger vehicle retail totaled 1.007 million units, down 9.4% year-over-year, reflecting sustained domestic demand weakness. Meanwhile, BYD's first-half sales growth ranked last among leading automakers, with domestic sales declining sharply due to intensifying competition. The pressure has transmitted to its power battery business, with both installation volume and market share experiencing a double decline.

Within the Automobile Manufacturers sector, stocks broadly retreated. Among individual stocks, Geely Auto down 5.32%, Leapmotor down 3.90%, Great Wall Motor down 3.42%, Li Auto down 2.97%, XPeng down 2.97%.

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