BYD (002594.SZ): Reasons for Topping the Popular List and Investment Analysis

The event occurred at 02:15:34 UTC+8 on December 21, 2025, when BYD (002594.SZ) topped the popular list, leading to a significant increase in market attention.

BYD (002594.SZ) belongs to the Consumer Discretionary/Auto Manufacturing sector and is listed on the Shenzhen Stock Exchange. The current stock price is approximately $94.42 [0].

Strong sales growth in the European market is the main driver for BYD to top the popular list. According to a Wall Street Journal report [1], BYD’s new car registrations (reflecting actual sales) in Europe in November 2025 soared from 4,821 units in the same period last year to 16,158 units, an increase of over 235%; including the UK and other European regions, sales exceeded 21,133 units, a year-over-year growth of over 200%. This data shows that BYD’s product competitiveness and global layout have achieved significant results, breaking away from dependence on the domestic market and opening up new space for long-term growth.

From December 14 to 21, BYD’s stock price consolidated in the range of $93.36-$95.30 [0], with a closing price of $94.23 on December 19 [0]. The recent average daily trading volume is about 27M, which is lower than the past five-year average (39.44M) [0]. Technical analysis shows that the support level is $93.36 and the resistance level is $95.30 [0].

The Consumer Discretionary sector rose by 0.34% on December 21, providing positive support for BYD’s stock price [0]. The news of better-than-expected sales in Europe is considered the main driver of increased attention, and the market is optimistic about its overseas expansion prospects.

1. Overseas market expansion is a core growth highlight: BYD’s sales explosion in the European market indicates that its product competitiveness and global layout have achieved significant results, breaking away from domestic market dependence and opening up new space for long-term growth.
2. Stock price consolidation reflects market wait-and-see sentiment: Although the sales data is impressive, the stock price has not fluctuated significantly, possibly because the market is waiting for more catalytic factors (such as subsequent sales sustainability, profit improvement, etc.). Investors need to pay attention to the breakthrough of the $95.30 resistance level and the $93.36 support level.

• Liquidity risk: The current ratio (0.87) is below 1, indicating that the company has short-term liquidity pressure [0].
• Geopolitical risk: Overseas market expansion faces uncertainties in trade policies and geopolitical situations.
• Valuation risk: The current P/E ratio of 22.45x is at the medium level of the industry; investors need to pay attention to whether future profit growth can support the valuation.

• Overseas market expansion potential: If sales in overseas markets such as Europe continue to grow, it will further boost the company’s revenue and profits.
• Sector support: The positive performance of the Consumer Discretionary sector provides support for BYD’s stock price.

BYD (002594.SZ) topped the popular list due to a sharp increase in November sales in the European market, and its stock price has recently consolidated. Investors need to pay attention to the following points:

1. Sustainability of European sales growth and progress of overseas market expansion.
2. Breakthrough of the $95.30 resistance level and $93.36 support level by the stock price.
3. Improvement of the company’s liquidity situation.