UBS, after attending BYD Co. (01211.HK) analyst and investor meetings, said its confidence in the company has increased. UBS forecasts BYD’s overseas volumes will exceed 2.5 mln units in 2027 and expects sustainable per‑unit profitability. In China, strong demand for second‑generation Blade battery models supports further volume growth and margin improvement. UBS reiterates its buy rating and sector top‑pick status and sets a PT of HK$135.

2026-09-08

UBS, after attending BYD Co. (01211.HK) analyst and investor meetings, said its confidence in the company has increased. UBS forecasts BYD’s overseas volumes will exceed 2.5 mln units in 2027 and expects sustainable per‑unit profitability. In China, strong demand for second‑generation Blade battery models supports further volume growth and margin improvement. UBS reiterates its buy rating and sector top‑pick status and sets a PT of HK$135.