0347 GMT - BYD's decision to launch God's Eye, its smart driving system, and incorporate it into its mass-market models should help the automaker retain its leading position in China's EV space, Nomura analysts write in a note. The Chinese EV market leader has now entered the next phase of auto sector evolution, which is intellectualization. While this improves its competitive edge compared with peers, it also signals that BYD is trying to be less aggressive in terms of price war this year, they say. This should help ease BYD's margin pressure, Nomura says, and raises its EV shipment forecasts for BYD by 9% to 5.5 million units for 2025. Nomura raises the stock's target to CNY509 from CNY379 and maintains a buy rating. Shares last at CNY375.51. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
February 26, 2025 22:47 ET (03:47 GMT)
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