DT新材料·2025-12-05 16:05Group 1 - The core viewpoint of the article highlights the challenges faced by BYD in the domestic market, including a decline in sales and increased competition due to technology homogenization [2][3] - BYD's domestic sales of new energy vehicles in November reached 480,000 units, a year-on-year decrease of 5.3%, while sales of new energy passenger vehicles were 475,000 units, down 5.8% year-on-year [2] - The company has acknowledged that its technology is currently not as leading as in previous years, and there is a need for breakthroughs to address user pain points such as slow low-temperature charging [2] Group 2 - The article notes that BYD's plug-in hybrid models are facing significant market challenges, attributed to increased competition from other brands like Geely, Chery, and Great Wall, which have launched numerous plug-in hybrid models this year [3] - Internal analysis from BYD indicates that the decline in the sales proportion of plug-in hybrid models is primarily due to intensified competition rather than changes in tax standards [3]