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JPMorgan has issued a research report highlighting that BYD has recently rolled out its second-generation Blade Battery and unveiled its strategy to broaden its fast-charging infrastructure. In tandem, BYD's diverse brands have collectively launched 10 new models, encompassing both pure electric and plug-in hybrid vehicles, with deliveries slated to commence in April or May. JPMorgan projects that BYD's sales will experience a resurgence, climbing from roughly 700,000 units in the first quarter of this year to a range of 1.1 million to 1.2 million units in the second quarter. The bank anticipates that investors' attention will soon shift towards monitoring fluctuations in store visitor numbers during the Beijing Auto Show, set to take place on April 24. JPMorgan retains its target price for BYD at HK$110 and continues to classify it as 'Overweight'.
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