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<Research>CICC: BYD's 2nd-Gen Blade Battery Unlocks New Tech/ Product Cycle
Recommend 11 Positive 17 Negative 3 |
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CICC published a report on BYD COMPANY (01211.HK), which launched its second-generation blade battery along with flash charging technology, achieving energy replenishment speeds comparable to ICEVs. The company introduced the new second-generation blade battery and flash charging technology, capable of charging in 5 minutes and fully charging in 9 minutes, with energy replenishment efficiency close to that of ICEVs. CICC noted that the new generation of BEV technology and product cycle has begun, helping the company navigate through tidal waves. In 2025, the company's export performance was outstanding, but domestic sales were squeezed. The latest updates to the blade battery and flash charging technology, combined with proactive station-building plans, focus on solving the charging hiccups and are expected to trigger a new product cycle, potentially cushioning market pressure and driving domestic sales back to a growth trajectory. CICC kept an Outperform rating on BYD with a target price of RMB120/ HKD130 for A/ H shares. AASTOCKS Financial News Website: www.aastocks.com |
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