智通财经网·2026-03-06 09:01Core Viewpoint - Morgan Stanley maintains a target price of HKD 110 for BYD (01211) with an "Overweight" rating, highlighting the company's recent product launches and expected sales growth [1] Group 1: Product Developments - BYD has launched its second-generation blade battery and announced an expansion of its fast-charging network [1] - The company has introduced a total of 10 new pure electric and plug-in hybrid models across its brands, with deliveries expected to start in April or May [1] Group 2: Sales Forecast - BYD's sales are projected to rebound from approximately 700,000 units in Q1 to between 1.1 million and 1.2 million units in Q2 [1] - Investor focus is anticipated to shift towards the increase in store traffic around the Beijing Auto Show on April 24 [1]