China’s BYD and Geely are likely to see higher demand for electric vehicles as rising oil prices, driven by the Iran war, make EVs more attractive.
High oil prices because of the Iran war may push more people to buy electric cars. This can help companies like byd and geely, as EVs become cheaper to run compared to petrol or diesel vehicles.
Cambricon Technologies Corp. and Foxconn Industrial Internet Co. will also continue to offer a glimpse of how China’s hardware players are responding to the artificial intelligence boom.
Highlights to look out for:
Advantest (6857 JP) is set to post higher sales on a strong showing from AI chip testers. It could announce a 15%-20% sales growth outlook for fiscal year 2027, BI said. Watch any financial impact from the ransomware attack disclosed in Feb., and updates on measures taken to mitigate any further incidents.
BYD may gain more market share in china with better Ev and battery sales and new models. demand is rising, but people will also watch how price competition affects its profits.
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