On May 29, Lyon issued a research report highlighting that BYD (01211.HK) has rolled out a cutting-edge intelligent driving system, featuring its 'Divine Gaze 5.0' technology and a state-of-the-art autonomous driving architecture. Among the technical highlights unveiled by BYD, two stand out prominently: firstly, the comprehensive safety assurances extended to all vehicle models integrated with 'Divine Gaze 5.0'; secondly, the introduction of BYD's self-developed 'Xuanji A3' chip. Lyon posits that this intelligent driving solution not only cements BYD's technological prowess but also sets the stage for a sales resurgence in the latter half of the year. Amidst a backdrop of escalating price competition, BYD's vertically integrated business model is poised to offer a significant competitive advantage. Lyon remains bullish on BYD's growth prospects, particularly in overseas and premium markets, reaffirming the company's target price at HK$130 and retaining its 'High-Conviction Outperform' rating.