0735 GMT - BYD's move to put its advanced driving assistance technology into mass-market models will boost its sales volumes this year, Deutsche Bank analyst Bin Wang writes in a note. After becoming a world leader in EVs, the company is vying to take the lead in the intelligent driving space too, the analyst adds. Even though it hasn't raised prices for its models with autonomous driving features, BYD will still be able to maintain stable profits per unit this year, Wang says. DB lifts its 2025 volume forecast for BYD to 5.6 million units from 5.5 million units. The brokerage keeps a buy rating on the stock and increases the target price to HK$400.00 from HK$357.00. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
February 12, 2025 02:36 ET (07:36 GMT)
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