Goldman Sachs: Initiates coverage of Zeropay Auto (09863.HK) with a "buy" rating and a target price of 50 Hong Kong dollars.

According to the WiseFinance APP, Goldman Sachs released a research report stating that Zero Run Automotive (09863.HK), as a leading pure new energy vehicle company, is expected to launch a series of competitive new models and smoothly advance production, driving continuous acceleration of growth in the domestic market over the next three quarters. It is initiated with a "buy" rating and a target price of HK$50.