0347 GMT - BYD is shifting its strategy to meet competition, from price cutting in 2024 to functional upgrades this year, Nomura analysts say in a research note. BYD Monday introduced its smart driving system The God's Eye, which will be available in most of its models. Nomura thinks BYD is the first carmaker in China to bring level 2+ advanced driving assistance functions into below-70,000-yuan market. With China's national level trade-in policy, customers could buy battery-electric vehicles powered with level 2+ driving assistance system for less than 60,000 yuan, they say. BYD's product mix "looks attractive for end-customers and should help the company to deliver further growth ahead in both China and overseas markets," they note. Nomura maintains a buy call on BYD and keeps its target at HK$375. Shares were last at HK$330. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
February 10, 2025 22:47 ET (03:47 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。