On April 2, Citibank issued a report highlighting that BYD's (01211.HK) March automotive sales surpassed market projections. According to BYD's production and sales announcement, sales of new energy vehicles reached 377,000 units in March, marking a 17% increase from February, while overseas sales amounted to 72,700 units, reflecting a 9% uptick from the previous month. Citibank analyst Jeff Chung anticipates that BYD's net profit per vehicle for the first quarter will exceed RMB 9,000, translating to a net profit of at least RMB 8.5 billion after accounting for potential provisions. This figure surpasses the previous forecast of RMB 8 billion. Additionally, Chung projects total sales for the second quarter to range between 1.25 million and 1.35 million vehicles, with the net profit per vehicle maintaining a level above RMB 9,000. Citibank continues to position BYD as its top industry pick, followed closely by Leap Motor and Geely Auto.