BYD, Chinese auto companies increasingly seen as tech stocks: Macquarie strategist
Portfolio Pulse from
Macquarie Capital's Eugene Hsiao suggests that BYD and other Chinese auto manufacturers are increasingly being viewed through a technology lens rather than a traditional automotive perspective. This shift in perception highlights the growing technological sophistication of Chinese electric vehicle manufacturers.
March 21, 2025 | 10:00 am
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Macquarie's perspective suggests BYD is being revalued as a technology company, which could potentially attract tech-focused investors and positively impact stock valuation.
The reclassification of BYD as a tech stock implies higher growth potential, technological innovation, and potentially higher valuation multiples typically associated with tech companies.
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