Ge Long Hui·2026-03-10 05:19Core Viewpoint - The report from CMB International maintains a "Buy" rating for BYD Company (1211.HK) with a target price of HKD 133, highlighting significant advancements in battery technology and overseas expansion plans [1] Group 1: Technology Advancements - BYD has launched its second-generation blade battery and the MW Flash Charge 2.0 technology, which significantly enhance charging efficiency and range [1] - These technological breakthroughs are expected to alleviate consumer concerns regarding range anxiety [1] Group 2: Market Expansion - The company is accelerating its overseas expansion, with projections indicating that by February 2026, overseas sales will exceed 50% of total sales for the first time [1] - The introduction of multiple new vehicle models is anticipated to support profitability growth expectations [1]