New Car "Qin" four Quarter "King of the World" BYD won the fund overweight

After last year's stock price collapsed, the stock price of BYD has rebounded strongly this year and hit a new high recently. Some private equity insiders are bullish on the new energy hybrid, the "Qin", which BYD will list in the four quarter, and the Fund has continued to add to BYD this year. Financial profit treasure, the current savings rate to raise the 1000% Tesla concept popular, the recent Auto Development International Forum and BYD World-class technical analysis meeting, is this year, BYD's stock prices rose and created a new record.　　The "Qin", a new energy hybrid that will be listed in the four quarter, is expected to be a new booster for BYD's share price hike, said a private-equity manager who recently added to BYD's shares.　　Shenzhen, a fund manager said, after the last two years of adjustment, BYD basically out of the trough, is gradually recognized by the agency, if the "Qin" can open the new energy hybrid car market, the future BYD has a lot of imagination space.　　He believes that the government has also issued a clear signal to support energy-saving and new-energy vehicles at a recent car forum, which is believed to be highly valued by enterprises and capital markets. Data show that this year, the Invesco Great Wall domestic demand growth of second, Warburg Xingye strategy growth, Hing trend investment and other funds to invest heavily in BYD stock.　　At the end of last year, Invesco, the Great Wall of China, which had not owned BYD, held a large second per cent growth to hold BYD's 10.7725 million shares at the end of the two quarter, and was the largest shareholder in BYD.　　In fact, in recent months, such as Barclays, UBS and other foreign institutions frequent research on BYD, but also the recent brokerage companies will organize funds, private equity and other institutions to the BYD research. It is understood that BYD intelligent dual-mode electric vehicle "Qin" may be held in November, the Guangzhou auto Show, not including the retail price of the state subsidy is about 200,000 yuan.　　The current "Qin" subsidy amount has not been disclosed, however, before, BYD's first hybrid vehicle F3DM car subsidies as much as 80,000 yuan.　　Merchants Securities (market, inquiry) researcher Wangliucheng said, "Qin" launched for the development of BYD's new energy vehicles is of great significance, "Qin" equipped with high voltage, high speed motor, hundred kilometers acceleration is expected within 6 seconds, hundred kilometers of fuel consumption only 2 liters. The private investment manager said, "Qin" not only the performance of the same level car, as the positioning of urban white-collar vehicles, hundred kilometers of fuel consumption can be compared to the traditional car savings of five or six liters.　　If the daily average of 50 kilometers, "Qin" average daily cost of about 8 yuan, much lower than the traditional car. BYD Board chairman Wang said recently that after the "Qin", BYD Dual-mode SUV "Tang" will be listed in the next three quarters.　　Dual-mode dual-drive motor plus gasoline engine oil and electricity mix, "next year BYD will have a large number of dual-mode dual-drive products come out", the next three years BYD 90% models will be dual-mode double engine. The private equity manager believes that BYD, which has a vast Chinese market, is now worth 90 billion yuan compared with Tesla's market capitalisation of more than $20 billion trillion, and there is room for growth in the future.　　However, there are still big gaps in BYD's technology and market development capabilities compared to Tesla's mature technologies, new energy analysts say. In the long run, with Beijing's strong support for the development of new energy vehicles, BYD's new energy vehicles have a promising future, but their share prices and valuations are certainly not low.