Glonghui, December 4 | According to the Shengang Securities Research Report, sales of pure electric and hybrid models of BYD (002594.SZ) are going hand in hand. With the recovery in automobile consumption, the rapid release of production capacity, and the launch of many new models one after another, the company's annual sales volume is expected to exceed 3 million vehicles. At the same time, the results of the high-end strategy and the full implementation of the multi-brand strategy are expected to bring considerable growth and profit next year. Furthermore, the record high overseas sales volume also provided strong support for the company's performance. The company's NEV business is prosperous, and the vertical industry chain has obvious advantages. The bank gave the company a valuation of 20 times PE in 2024, corresponding to the stock price of 345.53 yuan and a “buy” rating.