--- title: "HSBC Research: BYD's launch of the \"Super e Platform\" may raise technical standards, closely monitoring milestones related to autonomous driving" description: "HSBC Research expects BYD to launch the \"Super e Platform\" in early March, enhancing range and efficiency technology standards, which will impact competitive strategies in the second quarter. The bank" type: "news" locale: "en" url: "https://longbridge.com/en/news/276820859.md" published_at: "2026-02-25T02:25:19.000Z" --- # HSBC Research: BYD's launch of the "Super e Platform" may raise technical standards, closely monitoring milestones related to autonomous driving > HSBC Research expects BYD to launch the "Super e Platform" in early March, enhancing range and efficiency technology standards, which will impact competitive strategies in the second quarter. The bank is focused on milestones in autonomous driving, believing that policy support will facilitate the commercialization of autonomous driving, and expects the pricing environment for passenger vehicles to remain resilient. It recommends BYD, Leapmotor, XPeng, Horizon Robotics, CATL, and Top Group, with investment ratings and target prices as follows: BYD buy at 139 yuan, Leapmotor buy at 66.7 yuan, CATL buy at 594 yuan, Horizon buy at 11 yuan, Top buy at 82 yuan, XPeng buy at 27.7 USD HSBC Research published a report indicating that BYD (01211.HK) is expected to launch the "Super e Platform" in early March, which is anticipated to enhance technical standards particularly in terms of range and efficiency, and establish pricing standards that may affect competitive strategies in the second quarter. The bank continued to state that due to the Lunar New Year factors affecting mid-February data, preliminary data should be interpreted with caution, and trends are expected to normalize in March and April. Additionally, the bank is closely monitoring milestones related to autonomous driving. It believes that policies are further supporting the commercialization of autonomous driving and that advanced autonomous driving technology and Robotaxis are the most attractive structural themes this year. Looking ahead, the bank expects the overall pricing environment for passenger vehicles to remain resilient. Original Equipment Manufacturers may pass some costs onto consumers by emphasizing high-value features while streamlining less significant configuration items. In terms of stock selection, the bank is optimistic about companies with scale and clear catalysts, recommending BYD, Leapmotor (09863.HK), XPeng (XPEV.US), Horizon Robotics (09660.HK), CATL (03750.HK), and Top Group (601689.SH). HSBC Research's investment ratings and target prices for autonomous driving-related stocks are as follows: Stock | Investment Rating | Target Price (HKD) Hong Kong Stocks BYD (01211.HK) | Buy | 139 HKD Leapmotor (09863.HK) | Buy | 66.7 HKD CATL (03750.HK) | Buy | 594 HKD Horizon Robotics-W (09660.HK) | Buy | 11 HKD A Shares BYD (002594.SZ) | Buy | 123 RMB CATL (300750.SZ) | Buy | 450 RMB Top Group (601689.SH) | Buy | 82 RMB U.S. Stocks XPeng (XPEV.US) | Buy | 27.7 USD ### Related Stocks - [CARZ.US - First Trust S-Network Future Vehicles & Tech ETF](https://longbridge.com/en/quote/CARZ.US.md) - [002594.CN - BYD](https://longbridge.com/en/quote/002594.CN.md) - [09863.HK - LEAPMOTOR](https://longbridge.com/en/quote/09863.HK.md) - [515030.CN - Hua Xia CSI New Energy Vehicles ETF](https://longbridge.com/en/quote/515030.CN.md) - [BYDDF.US - BYD Company Limited](https://longbridge.com/en/quote/BYDDF.US.md) - [BYDDY.US - BYD Company](https://longbridge.com/en/quote/BYDDY.US.md) - [DRIV.US - Global X Autonomous & Electric V](https://longbridge.com/en/quote/DRIV.US.md) - [01211.HK - BYD COMPANY](https://longbridge.com/en/quote/01211.HK.md) - [XPEV.US - XPeng](https://longbridge.com/en/quote/XPEV.US.md) - [09868.HK - XPENG-W](https://longbridge.com/en/quote/09868.HK.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | CATL Issues 5 Billion Yuan in Green Tech Bonds | CATL Issues 5 Billion Yuan in Green Tech Bonds | [Link](https://longbridge.com/en/news/275548064.md) | | Top battery makers' market share in China in Jan 2026: CATL 49.79%, BYD 17.43% | In January 2026, CATL led China's EV battery market with a 49.79% share, installing 20.91 GWh, while BYD followed with 1 | [Link](https://longbridge.com/en/news/275588146.md) | | Xpeng to officially launch 2026 X9 BEV on Mar 2 | Xpeng is set to officially launch its 2026 X9 BEV on March 2, aiming to enhance its position in the premium family mobil | [Link](https://longbridge.com/en/news/276818554.md) | | 34 battery-electric buses by BYD enter service in Verona | Azienda Trasporti Verona (ATV) has launched 34 battery-electric buses from BYD, including the B12 and K9UD models. 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