On March 6, HSBC Research issued a report, revising upwards the projections and target prices for BYD Co., Ltd. (01211.HK), Geely Automobile Holdings Ltd. (00175.HK), XPeng Inc. (09868.HK), and Li Auto Inc. (02015.HK). This adjustment stems from recent breakthroughs in autonomous driving technology and its anticipated boost to vehicle sales and brand reputation. All stocks were accorded a "Buy" rating. Specifically, BYD's H-share target price saw an increase from HK$389 to HK$430, accompanied by a 4% hike in its 2026 earnings forecast. Geely's target price rose from HK$19.3 to HK$24. XPeng's H-share target price underwent a significant jump from HK$60 to HK$101, mirroring a 14% and 22% enhancement in its sales projections for 2025 and 2026, respectively. Li Auto's H-share target price climbed from HK$106 to HK$150, driven by its new electric vehicle lineup commencing in 2025. Consequently, its sales forecasts for 2025 and 2026 witnessed a 2% and 4% uptick, respectively, with corresponding earnings forecasts also on the rise.