Beijing's 2030 EV Target Lifts BYD, but the Stock Is Still Fighting Gravity
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
Beijing has set a target for 2030 related to electric vehicles, which has had a positive impact on BYD. China's new energy vehicle fleet has grown, with the total number reported to be nearly 49 million. The effect of the target on BYD's stock, however, has been mixed.