On February 21, JPMorgan Chase unveiled a report detailing its extensive engagements with nearly 200 investors over the preceding week, including participation in BYD's reverse roadshow where it experienced firsthand the company's latest models. The report underscores investors' buoyant outlook for BYD's long-term growth prospects in both domestic and international markets. Consequently, JPMorgan Chase reaffirmed its "Overweight" rating for BYD and elevated its target price from HK$475 to HK$600, forecasting BYD's ascension to a leading position in the global electric vehicle (EV) market. The bank projects BYD's global vehicle deliveries to reach 6.5 million units in the upcoming year, with 1.5 million units earmarked for overseas markets. Furthermore, JPMorgan anticipates BYD's global market share in light vehicles to surge from 3% in 2023 to 7%, while maintaining a robust market share of approximately 22% in the new energy vehicle segment.