According to Citigroup's research report on September 3rd, BYD's sales in August reached 0.373 million vehicles, meeting the bank's expectations and exceeding market expectations. The bank expects the company's sales in September to reach 0.4 million vehicles, with a stable monthly growth rate of 5% from October to December. The bank has also raised its gross margin forecast for new energy vehicles from this year to 2026, and expects the pure profit per vehicle to increase to 9200 yuan, 0.0102 million yuan, and 0.0112 million yuan, corresponding to projected profits of 37 billion yuan, 52.6 billion yuan, and 69.2 billion yuan for the group. The bank has raised its sales forecast for the company from this year to 2026 to 4.04 million vehicles, 5.16 million vehicles, and 6.19 million vehicles, with a target price increase from HKD 475 to HKD 488, maintaining the company as the industry's top choice and a "buy" rating.