HSBC Research: Raises the target price of BYD shares to HK$464. Buy rating

$BYD COMPANY (01211.HK)$ On December 13th, HSBC Research raised the target price of BYD shares (01211.HK) from HK$455 to HK$464, with a buy rating, which means that its product pipeline will enable its sales to grow further next year. BYD released a new DM-i model "Song pro DM-i" last month. It is expected to launch another pure electric vehicle model "Yuan plus EV" early next year. The bank believes that it is a powerful plug-in hybrid vehicle. Technology and the e3.0 electric vehicle platform will have the opportunity to prompt the company to launch 8 to 10 new models next year. According to HSBC research, data show that in October, lithium iron phosphate (LFP) batteries accounted for 54.7% of the total installed battery capacity combination. Chinese battery manufacturers such as BYD will be able to capture a large number of market opportunities. It is expected that BYD will use its competitive blade batteries , Continue to increase its external orders.

Article excerpted from the US Stock Research Agency