Flash | 29 Jul 2026 01:47:13 ET │ 13 pages BYD (1211.HK) Fundamentals, AI-Fund Flows, BYD Robots update CITI'S TAKE We note 1) China July NEV retail YoY forecast this week was better than last week (July EV Orders Tracking at -9% MoM (EV Retail at -6.8% YoY)), 2) BYD orders (+0% WoW/-10% MTD-MoM) stabilized after factoring in high base from last month, 3) BYD weekly wholesale greatly improved from -13% MTD-MoM last week to -1% MTD-MoM this week per CPCA data; On the other hand we note the share prices of AI ...

J P M O R G A N North America Equity Research 29 July 2026 Ford Motor 2Q Auto EBIT In-line + Raise to 2H; See Room for EBIT Growth in 2027, Before UEV/BESS Starts to Ramp; Remain OW, $17 PT We remain OW and raise our estimates after F delivered solid 2Q results and raised 2H26 guidance, with mix the key highlight, which is likely to continue into 2H along with US pricing strength, offset partially by volume. Implied 2H EBIT guide of ~$4.5 bn was well above prior JPMe/cons of $3.9/4.1 bn as price strength co ...