On November 12th, Tianfeng Securities research reports pointed out that BYD (002594.SZ) exceeded 0.5 million units in monthly sales in October, setting a monthly sales record for Chinese car companies and a new energy monthly sales record for global car companies. Maintains a "buy" rating. In October, BYD achieved sales of 0.503 million units, +66.5% year-on-year/+19.8% month-on-month. The cumulative sales of autos from January to October reached 3.251 million units, +36.5% year-on-year, with passenger vehicle sales of 3.237 million units. Globalization is progressing smoothly, with overseas sales totaling 0.329 million units from January to October, +86.9% year-on-year. The leading sales of A-class SUV continue, as the Haishen 05DM-i and the second-generation Song Pro DM-i are launched, promising sales volume. The company's high-end vehicle planning is intensive, with an expected increase in profit margin.