Qian Zhan Wang·2025-07-04 04:23Group 1 - Xiaomi's founder Lei Jun announced that Xiaomi's automotive products will not consider international expansion until 2027 due to high domestic demand and delivery issues [2] - The president of Xiaomi Group, Lu Weibing, indicated that the complexity of international expansion for Xiaomi's automotive division is higher than expected, marking 2027 as the potential year for overseas ventures [2] - China's automotive industry has shown significant growth in the export of new energy vehicles, with exports rising from $338 million in 2018 to $22.907 billion in 2022, achieving a compound annual growth rate of 186.92% [2][4] Group 2 - The explosive growth in new energy vehicle exports is attributed to the release of technological dividends and advantages in the supply chain, with Chinese brands now entering developed markets like Europe [4] - BYD's international strategy exemplifies the global expansion of Chinese automotive companies, having established its first overseas branch in the Netherlands in 1998 and now operating in 96 countries [7][8] - BYD's electric buses have achieved an 80% market share in London, and the company has delivered over 470,000 vehicles overseas by mid-2025 [8][10] Group 3 - The shift in Xiaomi's international strategy aligns with the broader transition of China's new energy vehicle industry from "scale expansion" to "quality competition," facing potential trade barriers in the future [11] - The combination of Xiaomi's delayed international expansion and BYD's deep localization strategy outlines a new path for Chinese automotive companies to evolve from "Made in China" to "Global Brands" [12] - Recommendations for Chinese automotive companies include enhancing compliance capabilities, supply chain resilience, and cultural integration to succeed in global markets [11][12]