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<Research>JPM Expects BYD 2Q Sales to Rebound QoQ; Rating Overweight
Recommend 10 Positive 20 Negative 4 |
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BYD COMPANY (01211.HK) freshly launched the second-generation of its blade battery and announced the expansion of its fast-charging network, JP Morgan said in a report. Meanwhile, the company introduced a total of 10 new BEV/ PHEV models, anticipated to begin delivery in April or May. The broker anticipated BYD's sales to pick up from approximately 700,000 units in 1Q26 to 1.1-1.2 million units in 2Q26. The broker believed that investors will focus on the recovery of footfall at dealerships around the Beijing Auto Show on April 24. The broker maintained its target price at HKD110 on BYD, with a rating of Overweight. AASTOCKS Financial News Website: www.aastocks.com |
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