花旗：予比亚迪“买入”评级 目标价174港元

Group 1 - The core viewpoint of the article is that Citigroup has issued a report estimating BYD's domestic inventory at the end of last month to be 1.2 months, down from 1.43 months in November, with an inventory volume of 391,000 vehicles, a decrease of 40,000 vehicles month-on-month [1] - Citigroup maintains a "Buy" rating for BYD with a target price of 174 HKD [1] - The short-term catalysts for re-evaluation in the industry are relatively limited, but adjustments in export policies or the introduction of new models and technologies may provide long-term support for valuations [1]