Lyon: BYD Company (01211) launches new intelligent driving solution and self-developed chip, maintaining "high conviction outperform the market" rating.

Lyon released a research report stating that BYD COMPANY (01211) has released a new generation of intelligent driving solutions equipped with "God's Eye 5.0" and a new autonomous driving framework. The bank expects that BYD Company Limited's vertical integration model will provide greater flexibility in an increasingly competitive price war environment, and is optimistic about visible overseas and high-end growth. The bank maintains a target price of HK$130 for the company and continues to give it a "high-confidence outperform" rating. The bank pointed out that among the many technical details disclosed by BYD Company Limited, two elements surprised the market, including providing "safety bottom-line protection" for all models equipped with "God's Eye 5.0," and the introduction of the self-developed "Xuanji A3" chip by BYD Company Limited. The bank believes that this intelligent driving solution further demonstrates BYD Company Limited's leading technological capabilities and will help drive the company's sales recovery in the second half of the year.