HK Stock Market Move | BYD COMPANY (01211) rose more than 3% during trading, Tengshi brand enters European market, expected to enter dozens of European countries within two years.

BYD COMPANY (01211) rose more than 3% in midday trading, rising 2.38% to 352.4 Hong Kong dollars at the time of writing, with a turnover of 1.597 billion Hong Kong dollars. On the news front, according to market reports, from April 7th to 12th, Xpeng held a brand launch event in Milan, Italy, with the theme of "Extraordinary Technology, Driving Luxury," marking the official entry of Xpeng brand into Europe. It was introduced that at the event, the flagship model Xpeng Z9GT, the world's first to be equipped with an easy third-party platform, was unveiled, featuring signature functions such as easy third-party parking, 180 km/h high-speed tire blowout stability control, extreme steering, roundabout turns, and intelligent crab walking, making its debut in Europe. It is reported that Xpeng's internationalization process is accelerating. Since last year, Xpeng has entered several Asian markets including Hong Kong, Thailand, Indonesia, and Malaysia. In Europe, Xpeng, with its core concept of elegance, innovation, and technology, is expected to enter dozens of European countries within the next two years. As the luxury car brand under BYD Company Limited, Xpeng's entry into Europe will further strengthen BYD Company Limited's competitiveness in the international market.