Beaten Down Chinese EV Stocks: Making a Comeback? Into BYD now!
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The recent rise of Xiaomi stock (up 12% in a single day driven by the launch of Xiaomi EV model in March 28, 2024) gave a boost to the Hang Seng Tech Index. Many EV stocks like BYD and Li Auto recovered as well.
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In this video, I will analyse BYD if it signals a comeback for other beaten-down Chinese electric vehicle (EV) companies, specifically BYD.
We’ll explore whether BYD is poised to follow a similar trajectory and look at key levels in BYD.
Watch the video on xiaomi which I made before the stock burst up: