Guolonghui on November 6th | Citigroup's report mentioned that BYD Company Limited (1211.HK) management expects three main sales drivers for 2025. The first is the smart advanced driver assistance system (ADAS) vehicles in both low-end and high-end segmented markets, the second is further increase in sales of pure electric vehicles (BEV), and the third is high-voltage fast charging products. Citigroup believes that BYD's key competitive factors in 2025 are sales volume, average selling price, cost per vehicle, and market share. The bank points out that BYD has competitive advantages in these areas, potentially making it an indicator in setting industry average selling price. Therefore, reiterated a "buy" rating, with a target price of 500 Hong Kong dollars.