Nomura analysts stated in a report that BYD Company Limited's overseas sales could account for nearly 50% of its automotive business revenue this year and may exceed that threshold next year. They indicated that as BYD continues its international expansion and concerns over rising fuel prices intensify, global in-store traffic and order trends are increasing. Meanwhile, they noted that the company's priorities in the domestic market are to reduce inventory and boost production capacity for its next-generation battery, named Blade Battery 2.0. Nomura lowered its 2026 shipment forecast for the company by 13%. The brokerage maintained a Buy rating on the stock but reduced its target price from HK$133.00 to HK$123.00.
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