CMS·2025-03-18 05:14Investment Rating - The report maintains a "Recommend" rating for the automotive industry, indicating a positive outlook for the sector [13]. Core Insights - The report highlights BYD's launch of the Super e platform, which features "megawatt fast charging" technology, achieving a maximum charging power of 1MW and a charging rate of 10C, setting new global standards for electric vehicles [1][13]. - The Super e platform incorporates a 1000V high-voltage architecture and SiC power chips, resulting in a 50% reduction in current loss and a 30% improvement in charging stability [1]. - BYD plans to build over 4,000 megawatt fast charging stations, enhancing the charging infrastructure to support its electric vehicle lineup [3]. Summary by Sections Super e Platform Technology - The Super e platform enables a peak charging speed of 2 kilometers in 1 second and can charge up to 400 kilometers in just 5 minutes, making it the fastest in the global market [1]. - The platform's electric drive assembly boasts a maximum motor speed of 30,511 rpm and a power density of 16.4 kW/kg, surpassing traditional V12 engines [3]. Battery Technology - The flash charging blade battery reduces internal resistance by 50% and supports a charging current of 1000A, achieving a maximum charging power of 1MW [2]. - The battery's thermal management system improves heat dissipation efficiency by 90%, significantly enhancing safety [2]. Vehicle Models - The Han L and Tang L models, equipped with the Super e platform, achieve remarkable performance metrics, including a 0-100 km/h acceleration time of 2.7 seconds for the Han L and 3.6 seconds for the Tang L [11][13]. - Both models feature advanced autonomous driving capabilities and a high-performance intelligent cockpit, enhancing user experience [11]. Market Performance - The automotive sector has shown strong performance, with absolute returns of 9.8% over 1 month, 60.8% over 6 months, and 40.8% over 12 months [6].