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Citi: BYD's New Battery Technology Leads the Market, Reiterates Buy Rating on the Company
1 day ago /
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Author：小编
Citi stated that BYD's released second-generation Blade Battery and charging technology are at least one year ahead of the market and difficult to replicate, thus reiterating its buy rating on the company. Positive factors for BYD include the potential to expand into the northern Chinese market and capture market share from fuel-powered vehicles. The new strategy of integrating battery and energy storage businesses can enhance operational leverage and reduce costs. Potential catalysts include inventory reduction in March, new model releases, and month-on-month export growth in March and April.
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