Guolian's research report points out that in November 2024, BYD (002594.SZ) achieved new energy passenger vehicle sales of 0.504 million units, a year-on-year increase of 67.2% and a month-on-month increase of 0.7%. Among them, pure electric sales were 0.198 million units, a year-on-year increase of 16.4% and a month-on-month increase of 4.5%. November sales continue to reach new highs, with pure electric sales accelerating month-on-month. With the rapid growth of the company's high-end models and overseas sales models, it is expected to drive the overall profitability of the company and further release performance. As a global leader in new energy, the company is accelerating its growth, with DM5.0 technology strongly empowering model product strength, driving both volume and price up. Exports and high-end products are expected to open up revenue and profit space, with medium to long-term profitability expected to improve. Maintain a 'buy' rating.
国联证券：比亚迪11月销量再创新高，纯电车型环比加速，维持“买入”评级
Guolian: BYD's sales reached a new high in November, with a month-on-month acceleration in pure electric models, maintaining a "buy" rating.
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