Cai Jing Wang·2025-12-05 05:45Core Viewpoint - BYD's domestic sales have declined this year due to a decrease in technological leadership and increasing industry homogenization, which aligns with the cyclical nature of product and technology development [1] Group 1: Sales Performance - BYD's domestic market sales have experienced a downturn this year [1] - The decline is attributed to the company's current technological advancements not being as impressive as in previous years [1] Group 2: Technological Challenges - User pain points, such as slow low-temperature charging speeds, need to be addressed through technological breakthroughs [1] - The company acknowledges that its technological edge is not as strong currently, but significant technological releases are forthcoming, although details cannot be disclosed at this time [1] Group 3: Competitive Advantage - BYD's core competitive advantage lies in its technology, supported by a team of 120,000 engineers, which is crucial for future technological advancements and regaining market leadership [1]