According to a research report by CITIC Lyon, BYD Company Limited (1211.HK) will maintain its "outperform the market" rating, and its target price will be raised from HKD 264 to HKD 300, up 13.6%. The bank believes that the next catalyst will be the release of Blade Battery 2.0, as well as the upgraded models of Song, Han, and Tang models and the expansion of overseas production capacity. Compared to peers around the world, BYD has operational efficiency advantages, but lags behind structurally in terms of average selling price and high R&D costs. In the short term, with the success of the DM5.0 platform, the bank will raise BYD's sales forecast for this year from 3.8 million vehicles to 4 million vehicles, and raise its profit forecast to RMB 38 billion yuan.
研报掘金丨中信里昂：维持比亚迪股份“跑赢大市”评级，将今年销售预测上调至400万辆
Research Report|CITIC Lyon: Maintain the rating of BYD Company as "outperforming the market", and raise this year's sales forecast to 4 million vehicles.
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