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On February 13, JPMorgan issued a report highlighting that, alongside advancements in intelligent driving technology, BYD (01211.HK)'s fourth-quarter results for 2024, set to be released at the end of March, will serve as another catalyst for short-term growth. The bank anticipates these results to modestly outperform market expectations and has consequently revised upwards its earnings forecast for 2025. JPMorgan contends that BYD's recently launched models, equipped with L2-level autonomous driving capabilities, will catalyze structural shifts within China's new energy vehicle market. Maintaining an upbeat stance on BYD, the bank has included the company in its active catalyst watchlist since last Friday, with a target price of HK$475 unchanged.
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