Guan Cha Zhe Wang·2025-11-18 09:07Core Insights - BYD aims to double its sales network in Europe by the end of 2026, as stated by Maria Grazia Davino, the Managing Director for BYD's European region [1][3] - The company has seen significant growth in Europe, with sales reaching 80,800 units in the first three quarters of this year, more than doubling compared to the same period last year [3] Sales Network Expansion - BYD currently operates in 29 European markets and plans to have 1,000 sales points by the end of 2025, with a goal to double this number by the end of next year [3] - The company emphasizes the importance of maintaining close contact with European customers to adapt to the competitive environment [1] Localization Strategy - BYD is implementing a long-term localization strategy in Europe, with its first factory set to begin production in Hungary by 2026 [3] - Plans are underway to establish a second factory in Turkey, with Spain being a leading candidate for a potential third production site [3] - Davino highlighted that localizing in a mature market like Europe requires knowledge, dedication, investment, and resources from all levels [3]