Saudi Agreement propeller actions to record a high level

Byd stock continues its impressive ascending trajectory, reaching a new $ 50.01, with a 1.83%win. The actions of the Chinese technology company now significantly sell above all key technical indicators, including the 20 days ($ 43.73), 50 days ($ 37.42) and 200 days ($ 32.87), signaling a robust impulse. This remarkable performance comes largely from a prestigious contract with Saudi Arabia, where the Byd has ensured which will be the largest energy storage project. The latest generation initiative will deliver systems with a total capacity of 12.5 Gigawatt-Ore, to feed about 3,500 households for a whole year. When combined with a previously delivered project of 2.6 GWH, the total collaboration reaches 15.1 GWH, strengthening the BYD position as a leader in global energy transition markets.

Strategic extension beyond cars

The Saudi project is aligned with the ambitious “Vision 2030” plan of the kingdom, which aims to provide 50% of its energy from renewable sources until the end of this decade. Byd will implement its innovative MC Cube-T ESS technology with CTS architecture into five locations in Saudi Arabia, fully integrating these systems into the national electrical network. This landmark agreement not only presents the technological skill of byd beyond its car activity, but also opens new growth opportunities in the energy storage sector. The market enthusiastically responded to this diversification strategy, the Byd shares uploading about 9% in Hong Kong following the announcement, demonstrating the confidence of investors in the expansion of the global fingerprint and the technological capabilities of the company.

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