[SMM Tin Flash News: JPMorgan: BYD’s Q2 Sales Expected to Rebound Quarter-on-Quarter, Rated “Overweight”]

Published: Mar 9, 2026 09:55

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JPMorgan published a research report stating that BYD (01211.HK) recently launched the second-generation blade battery and announced the expansion of its fast-charging network. Meanwhile, its various brands jointly introduced 10 new all-electric/plug-in hybrid car models, with deliveries expected to begin in April or May. The bank believed that BYD’s sales would rebound quarter-on-quarter from about 700,000 units in the first quarter of this year to 1.1 million to 1.2 million units in the second quarter. The bank believed that investors’ next focus would be on the rebound in store foot traffic around the Beijing auto show on April 24. The bank maintained its target price at HK$110 and its rating at “Overweight”.

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