3 6 Ke·2025-05-08 09:28Group 1 - BYD is shifting its strategy in Europe from focusing on electric vehicles (EV) to prioritizing plug-in hybrid vehicles (PHV) due to declining demand for EVs [1][8] - The China Association of Automobile Manufacturers (CAAM) reports that the growth rate of new energy vehicle exports will slow significantly, with a projected increase of only 6.7% in 2024 and 6% in 2025, compared to previous years where growth rates ranged from 20% to 100% [1][7] - The export volume of pure electric vehicles is expected to decrease by 10.4% in 2024, with a mere 1% increase in March 2025, indicating a clear slowdown in the market [7] Group 2 - NIO plans to launch a high-end pure electric small car brand called "Firefly" in 16 countries by 2025, including the introduction of right-hand drive vehicles for Southeast Asia and Europe [3][5] - Xiaomi announced its entry into the electric vehicle market, planning to establish a research and development base in Germany by 2027 [5] - The export growth of traditional fuel vehicles is projected to be 23.5% in 2024, contrasting sharply with the 6.7% growth for new energy vehicles [7] Group 3 - The European market is becoming increasingly challenging for Chinese EV manufacturers, with the EU imposing additional tariffs on Chinese EVs starting in October 2024 [7][8] - BYD has hired executives from local companies like Stellantis to lead its European market strategy, indicating a shift towards direct management of overseas sales [8]