Broker Name: China Galaxy International Securities (Hong Kong) Co., Limited
Date of Report: March 5, 2026
Excerpt from China Galaxy International Securities (Hong Kong) Co., Limited report.
Report Summary
- BYD launched its second-generation Blade Battery, achieving industry-leading flash charging: 10% to 70% in 5 minutes and 10% to 97% in 9 minutes, with enhanced safety and performance even in extreme cold.
- BYD plans to expand its flash charging stations in China to 20,000 by year-end, offering one year of complimentary flash charging for owners of new Blade Battery vehicles and supporting urban and highway deployment.
- The report maintains an “Add” rating with a target price of HK\$127.0, citing BYD’s technological leadership, strong overseas and domestic sales, and robust financial outlook, while noting risks such as increased competition and potential sales pressure in premium segments.
- Key financial projections through 2028 show consistent growth in net profit, revenue, and free cash flow, with improving margins and returns.
Above is an excerpt from a report by China Galaxy International Securities (Hong Kong) Co., Limited. Clients of China Galaxy International Securities (Hong Kong) Co., Limited can be the first to access the full report from the China Galaxy International Securities (Hong Kong) Co., Limited website : https://www.chinastock.com.hk
