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<Research>M Stanley Expects CN Carmakers to Follow BYD COMPANY's Strategy to Update Long-Range Models
Recommend 27 Positive 56 Negative 16 |
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BYD COMPANY (01211.HK) will continue to update its plug-in hybrid models this year by launching their long-range variants, a move that will add to the range the Song Pro/L DM-i and Qin Plus/L DM-i that accounted for 20% of its sales in 2025, Morgan Stanley wrote in its research report. In Morgan Stanley's estimate, the new model cycle will be led by bestselling models, namely the Song Pro/L and Qin Plus/L series, which will exert greater pressure on mass-market models such as GEELY AUTO (00175.HK)'s Starship 7 EM-i. It is likely that BYD COMPANY's industry peers will soon launch competitive long-range products. Morgan Stanley's target price for BYD COMPANY is HKD126, with an Overweight rating. AAStocks Financial News |
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