Goldman Sachs: BYD COMPANY (01211) target price is HK$364, rated as "buy"

Goldman Sachs released a research report stating that it has set a target price of HK$364 for BYD Company (01211) and rated it as "buy". It is predicted that by 2030, its sales volume will increase to around 8 million vehicles, compared to around 3 million vehicles in 2023. BYD Company Limited held a smart strategy release conference last night (10th), officially launching the advanced intelligent driving system "Divine Eye". The first batch of 21 models equipped with this system will be launched later on. The goal is to popularize advanced intelligent driving functions. It is believed that this marks BYD Company Limited and the automotive industry officially increasing autonomous driving functions on mainstream vehicles on a large scale. It is expected to widen the technology gap between BYD Company Limited and most OEM car manufacturers in the market and strengthen its competitive position in the industry.