Nomura published a report that BYD is transforming from a leader in the pure Chinese electric vehicle market to a global electric vehicle company. According to the bank's estimates, up to 90% of operating profit for the second quarter of this year came from overseas markets. With the further development of overseas business and the final resolution of the mainland's battery production capacity issue, the bank believes that its core business and financial performance is still expected to improve further, maintaining a “buy” rating. According to the segmented total valuation method, the target price for H shares remains HK$127. Currently, the share's price-earnings ratio is 15.2 times the forecast for 2026.

Nomura published a report that BYD is transforming from a leader in the pure Chinese electric vehicle market to a global electric vehicle company. According to the bank's estimates, up to 90% of operating profit for the second quarter of this year came from overseas markets. With the further development of overseas business and the final resolution of the mainland's battery production capacity issue, the bank believes that its core business and financial performance is still expected to improve further, maintaining a “buy” rating. According to the segmented total valuation method, the target price for H shares remains HK$127. Currently, the share's price-earnings ratio is 15.2 times the forecast for 2026.