JP Morgan: Reaffirms "Buy" rating for BYD COMPANY (01211) with a target price of 475 Hong Kong dollars.

JPMorgan Chase released a research report stating that the two major trends for BYD COMPANY (01211) in 2025 will be the increasing adoption of AD solutions and the development of overseas business opportunities. The bank has categorized BYD Company Limited as "Positive Catalytic Observation", reaffirming a "Hold" rating with a target price of HK$475. The bank believes that there are two investment themes that will dominate the Chinese auto market this year, both closely related to BYD Company Limited. The bank expects a significant increase in the popularity of mainland L2+ advanced autonomous driving (AD) functionalities. In regions outside of China, as most foreign counterparts face financial and operational pressures from U.S. tariffs, the market share growth of Chinese brands is expected to continue.