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<Research>HSBC Research: BYD COMPANY (01211.HK) Launches Blade Battery 2.0/ Flash Charging Network; Rating Kept at Buy
Recommend 12 Positive 24 Negative 9 |
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BYD COMPANY (01211.HK) launched its Blade Battery 2.0 and flash charging system, aiming to expand its national charging network to 20,000 charging points with key stakeholders by the end of 2026, HSBC Global Research issued a research report saying. Vehicles equipped with the Blade Battery 2.0 can complete charging in 9 minutes. The accelerated expansion of the flash charging network can optimize user experience and drive sales growth, creating a positive adoption cycle. Therefore, the broker kept rating at Buy for BYD COMPANY, with a target price of $139 for BYD COMPANY's H-shares. BYD COMPANY's A-/ H-shares gained by -3%/ +1% each YTD, mainly due to a significant drop in domestic sales in January and February on reduced subsidy support, seasonal market weakness, and model cycle changeover. In addition, higher cost pressures impact automakers' profitability in 1Q26. AASTOCKS Financial News Website: www.aastocks.com |
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