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<Research>HSBC Research: BYD's Launch of 'Super e-Platform' May Elevate Tech Standards; Autonomous Driving Milestones On Radar
Recommend 29 Positive 52 Negative 10 |
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BYD COMPANY (01211.HK) is expected to launch the “Super e-Platform” in early March, which is anticipated to enhance technical standards, particularly in terms of range and efficiency, and establish pricing standards, HSBC Global Investment Research said in a report. This may influence competitive strategies in 2Q. In light of the impact of the Lunar New Year (LNY) on mid-February data, preliminary data should be interpreted with caution, with trends expected to normalize in March and April. Besides, the report closely monitored milestones related to autonomous driving. The broker also believed that policies are further supporting the commercialization of autonomous driving, with advanced autonomous driving technology and Robotaxis being the most attractive structural themes this year. In terms of stock selection, HSBC Global Investment Research favored companies with scale and clear catalysts, recommending BYD COMPANY, LEAPMOTOR (09863.HK), XPeng (XPEV.US), HORIZONROBOT-W (09660.HK), CATL (03750.HK), and TUOPU GROUP (601689.SH). The broker’s investment ratings and target prices for autonomous driving-related stocks are listed as follows: Stock | Investment Rating | Target Price H Shares BYD COMPANY (01211.HK) | Buy | HK$139 LEAPMOTOR (09863.HK) | Buy | HK$66.7 CATL (03750.HK) | Buy | HK$594 HORIZONROBOT-W (09660.HK) | Buy | HK$11 A Shares BYD (002594.SZ) | Buy | RMB123 CATL (300750.SZ) | Buy | RMB450 TUOPU GROUP (601689.SH) | Buy | RMB82 US Stocks XPeng Motors (XPEV.US) | Buy | US$27.7 AASTOCKS Financial News Website: www.aastocks.com |
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