Mentioned they are facing pressure on raw product price rise, e.g. lithium carbonate, electrolyte & & copper,” Citi experts stated in a note, citing a call with BYDs Chairman Wang Chuanfu on Tuesday.The lower-than-expected very first quarter guidance only accounts for 3% to 5% of what experts are expecting for the full year, Credit Suisse experts stated in a note Tuesday. They lowered their price target on BYDs Hong Kong-listed shares to 280 Hong Kong dollars, down from 310 Hong Kong dollars previously.But that new target still suggests a gain of more than 60% for BYD from its close Tuesday of 170.40 Hong Kong dollars.The Credit Suisse experts attributed the decrease in profit assistance to seasonal weakness in vehicle sales, lower federal government subsidies and rising costs for battery raw materials.BYD reported net revenues attributable to shareholders of 4.23 billion yuan for all of 2020. The earnings share of autos and associated items grew to 53% last year, up from 49% a year ago, while that of batteries remained the exact same at about 8%.

By