Core Viewpoint - BYD is set to launch new models and upgrades in the second half of the year, with the Titanium series debuting at the Chengdu Auto Show, enhancing existing models at original prices [1] Group 1: Company Developments - BYD will introduce the Titanium series, which will upgrade configurations of current mass-market models [1] - The pricing is expected to stabilize as vehicle functionalities are enhanced, indicating a strategic shift in product offerings [1] Group 2: Market Outlook - The company expresses confidence in a favorable market evolution as competitors' new product cycles come to an end [1] - The competitive landscape in the domestic electric vehicle market is becoming more refined, which may benefit BYD [1] Group 3: Analyst Ratings - Credit Lyonnais reaffirms a "highly confident outperform" rating for BYD's H-shares and A-shares, with target prices set at HKD 140 and CNY 140 respectively [1] - The target prices correspond to a projected price-to-earnings ratio of 19 times for the upcoming year [1]