Bocom Intl released a research report stating that it is recommending BYD Company Limited (01211/Buy) as the first choice in the passenger vehicle industry. As BYD's DM-i 5.0 new car models, BYD Qin LDM-i and Sea Lion 06 DM-i, are deployed in the market, the bank believes it will further squeeze the living space of RMB 200,000 or less gasoline vehicles. At the same time, the recent application catalog issued by the Ministry of Industry and Information Technology revealed that BYD will soon launch three new car models: Song LDM-i, Sea Lion 05 DM-i, and Sea Lion 07 DM-i, among which Song is one of the best-selling models of BYD (monthly sales of 25,000-30,000), and will have a significant impact on competitors in the current price range of around RMB 150,000. In addition, Bocom Intl believes that the on-board cycle of DM5.0 technology will continue until the middle of next year, and sales are expected to continue to improve.
交银国际：乘用车行业首推比亚迪股份 DM5.0上车周期将会持续到明年中旬
Bocom Int'l: BYD Company is the first choice for the passenger vehicle industry to promote DM5.0, and the boarding cycle will continue until the middle of next year.
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