Mei Ri Jing Ji Xin Wen·2025-06-07 00:03Core Viewpoint - BYD's annual shareholder meeting in 2024 saw record attendance, indicating increased shareholder enthusiasm compared to the previous year [1] Group 1: Company Strategy and Market Position - Chairman Wang Chuanfu emphasized the transition between the electrification and intelligentization phases of the new energy vehicle market, noting unresolved issues such as slower charging speeds compared to refueling [4] - Wang expressed a commitment to long-termism and innovation, stating that BYD's core mission is to use technological innovation to change the world and society [6] - The company is currently implementing a new round of price reductions across 22 models in its Dynasty and Ocean series, with discounts reaching up to 53,000 yuan [6] Group 2: Management Responses and Principles - BYD's management, including Secretary Li Qian, stated that the company is prepared to handle any price wars initiated by competitors, focusing instead on technological innovation and efficiency improvements [7] - Li Qian addressed concerns about long supply chain payment terms, asserting that BYD's practices are standard for a rapidly growing company and that they are selectively partnering with suppliers capable of scaling and reducing costs [7] - General Manager Li Yunfei proposed four initiatives to combat industry "involution," including responsible marketing, production-based sales, and resisting negative competition tactics [9]