BYD(SZ:002594) Yang Shi Xin Wen·2025-09-18 12:08Core Insights - The article highlights that "Made in China" is increasingly dominating the electric vehicle (EV) market, accounting for over half of global EV sales [1] Market Performance - In China, sales of electric and hybrid vehicles are projected to surpass internal combustion engine vehicles for the first time in 2024 [1] - By the first quarter of 2025, domestic brand electric vehicles are expected to represent 75% of total electric vehicle sales in China [1] Regional Sales - In neighboring countries, Chinese electric vehicles are significant players, with 93% of total sales in Thailand and 78% in Indonesia [1] - In Europe, sales of Chinese EV manufacturers continue to grow, with BYD's sales in Europe doubling year-on-year in April, surpassing Tesla for the first time [1] - The UK brand MG, acquired by China's SAIC Group, has also seen rapid sales growth in continental Europe [1] Success in Other Markets - Chinese automotive manufacturers have achieved greater success in Mexico and South America [1]