BYD (1211 HK_ CH)_H_A_ Buy_Buy_ Autonomous driving the next volume driver

14 February 2025 BYD (1211 HK/002594 CH) H/A: Buy/Buy: Autonomous driving the next volume driver Highway NOA and parking pilot to become a standard in 2025 new models. On 10 February, BYD launched 21 refreshed models for 2025 (priced at cRMB200k and below) with autonomous driving (AD) functions including highway navigate on autopilot (NOA) and parking pilot largely standardized, while the entry price remains the same. These RMB200k and below models have contributed c80% of BYD's 2024 volume (Exhibit 1). We ...