China EV Battery Installations in Jan: CATL Share at 47.08%, BYD 22.90%

CnEVPost04:40 ET

UBS Group: Upgraded the rating of BYD Company to "Buy" and raised the Target Price to 450 Hong Kong dollars.

UBS Group released a Research Report stating that it has raised the Target Price of BYD Company (01211) from HKD 327 to HKD 450, reaffirming the "Buy" rating, and increasing the earnings per share forecast for the next two years by 7% to 14%. Given the policy stimulus and the strong growth prospects for electric vehicles, UBS Group holds a positive view on BYD as an industry leader. UBS Group believes that BYD's launch of the "God Eye" smart driving system and the full promotion of smart driving features will enhance product competitiveness and help gain more market share. Meanwhile, BYD holds a dominant position in the supply chain and has strong bargaining power, allowing it to absorb the increase in intelligence without raising product prices.

Sina Hong Kong Stocks03:22 ET

China Merchants Securities: BYD's high-end smart driving is moving downwards, and Asia Vets driving is accelerating penetration.

Hua Fu Securities recommends paying attention to leading companies that possess long-term positioning advantages in automotive-grade CIS chips.

Zhitong Finance02:50 ET

Eight departments: accelerate the iteration and upgrading of mature technologies such as Lithium Battery and support disruptive technological innovation.

① The plan requires accelerating the iteration and upgrade of mature technologies such as Lithium Battery, promoting engineering and application technology breakthroughs for Supercapacitors, Sodium Battery, and developing long-duration energy storage technologies such as compressed air. ② Moderate and ahead-of-time layout of hydrogen storage and other ultra-long-duration energy storage technologies, supporting basic research for next-generation battery and Asia Vets technologies.

cls.cn02:49 ET

China Jan NEV Sales Fall to 944,000 While Exports Hit Record High, CAAM Data Show

CnEVPost02:42 ET

In January, the sales of RBOB Gasoline Passenger Vehicles fell by more than 20% month-on-month: Japanese brands overall under pressure, with Honda and Dongfeng Honda both "cut in half."

① According to data released by the China Association of Automobile Manufacturers, the domestic sales of Passenger Vehicles in January were 1.738 million units, a month-on-month decrease of 35.5% and a year-on-year decrease of 0.5%; ② In January this year, GAC Honda's sales were 15,123 units, a year-on-year decline of 57.14%; Dongfeng Honda's monthly sales were 19,971 units, a year-on-year decline of 69.31%.

cls.cn02:41 ET