BYD stock prices grow

Gasgoo.com (Shanghai July 3) - Perhaps due to increasing interest in EVs brought on by Tesla's recent popularity and its new expansion plans for the Chinese and US markets, prices of BYD's A and H shares both increased. According to a report appearing in the Securities Daily today, the price for BYD's A shares, which are traded in the Shenzhen and Shanghai stock markets, rose 6.9 percent, finishing at 35.17 yuan ($5.693), while prices of its H shares, traded on the Hong Kong Stock Exchange, grew 10.89 percent, finishing at 28.5 Hong Kong dollars ($3.675).

Following a fall in prices in late June, BYD's stock has continually been on the rise, with its A share prices growing 18.94 percent over the three day period from June 29 to July 2.

In an analysis on the topic, an analyst from a Beijing-based foundation attributed BYD's stock increase to Tesla's stimulating interest in EVs and news that the manufacturer will expand the number of EV taxis operating in Shenzhen, Guangdong. However, BYD has not announced any new specific strategies to cause its stock values to increase, so whether or not its stock will continue to increase is something that is hard to predict.