Xin Lang Cai Jing·2025-11-11 01:54Core Insights - BYD's domestic power battery installation volume reached 113.42 GWh in the first three quarters, with external supply accounting for over 20% [1][4] - Despite a slight decline in vehicle sales in Q3, BYD's battery usage surged, indicating a shift from self-supply to becoming a global battery supplier [3][6] Group 1: Sales and Market Position - BYD's cumulative vehicle sales reached 3.26 million units, a year-on-year increase of 18.6%, but Q3 sales dropped to 1.1142 million units, down 1.82% year-on-year [3][4] - In contrast, BYD's electric vehicle battery usage in Q3 was 55.1 GWh, ranking second globally and showing a year-on-year growth of 28.4% [3][6] Group 2: External Supply and Partnerships - BYD's external supply volume reached 23.65 GWh, with an external supply ratio of 20.85%, marking a significant transition to a global battery supplier [4][5] - Major external clients include automakers like Tesla, NIO, and Xiaomi, with partnerships involving customized battery solutions and joint ventures for battery production [4][6] Group 3: Strategic Collaborations - BYD's collaboration with FAW includes establishing a battery factory for specific models, while also providing customized "blade batteries" for Tesla's Berlin factory [6] - The partnerships are characterized by deep integration rather than simple battery supply, fostering long-term strategic relationships with major automakers [6]