Citigroup: BYD sets global benchmark for mass-produced battery charging speed, reiterates "buy" rating.

Citibank released a research report stating that BYD officially launched the second generation blade battery yesterday, setting a new global benchmark for charging speed of mass-produced batteries. The bank reiterated its "buy" rating on BYD, expecting BYD's destocking in March, the gradual launch of new car models from now until the second quarter, and the momentum of month-on-month export growth in March and April to become the next catalyst, with a target price of HK$174.