Group 1 - In April, BYD achieved a historic milestone in the European electric vehicle market, selling 11,123 units, surpassing Tesla's 6,253 units, and leading in 14 European countries [1] - In Germany, BYD's sales reached 1,566 units, a year-on-year increase of 120%, while Tesla's sales fell by 45.9% to 885 units, showcasing BYD's successful penetration into the market [1] - In the UK, BYD's sales surged by 654% year-on-year to 2,511 units, while Tesla's sales plummeted by 62%, attributed to BYD's strategic partnership with Pendragon [1] Group 2 - During the Milan Design Week, BYD's luxury brand Tengshi made its European debut, with the flagship model Z9GT receiving over 2,000 pre-orders on the first day, 70% of which came from existing BBA customers [2] - BYD has won the "AUTO BEST" annual electric vehicle award in France for two consecutive years, with its design center collaborating with the Paris Fashion Institute, enhancing brand recognition [2] - In April, BYD sold 2,064 units in France, with 35% of sales coming from administrative users, challenging the stereotype of Chinese cars being low-priced and low-quality [2] Group 3 - BYD's breakthroughs in the European market signal that Chinese automakers are capable of competing with international giants in the most stringent markets, marking a shift in the global automotive landscape [3] - The Chinese automotive industry is evolving from simple product trade to a more complex model of "technology + localization + brand premium," indicating a significant transformation in the global electric vehicle sector [3]

Core Viewpoint - The company is entering a transformative phase with the launch of the ID. EVO concept car, which represents a significant evolution in product offerings and technology integration, aiming to capture the luxury smart SUV market in China [1][4][7]. Group 1: Product Development - The ID. EVO concept car showcases advanced features such as L2++ high-level autonomous driving and an immersive smart cockpit, addressing the competitive landscape of electric vehicles [4][5]. - The ID. EVO is designed for urban young consumers, offering a maximum range of 700 km under CLTC conditions and featuring 800V ultra-fast charging technology [7][8]. - The production model based on the ID. EVO concept is set to launch in 2026, with the concept car already achieving 80% production maturity [8]. Group 2: Market Strategy - The company aims to differentiate itself from other joint ventures by focusing on innovative design and technology, establishing itself as a "new force" in the joint venture landscape [9]. - The brand is committed to maintaining high quality while expanding its product lineup, with plans to introduce two sedans and one SUV by 2026 [13]. - The sales network has expanded to 67 stores across 35 cities, with plans to reach 120 stores in 70 cities by the end of 2025, targeting a balanced regional presence [14][16]. Group 3: Competitive Landscape - The automotive market is shifting from "incremental competition" to "stock competition," with a focus on differentiation to succeed amid price wars and consumer demands for innovation [4][11]. - The company emphasizes strategic stability and responsiveness to market changes, aiming to build long-term relationships with customers [11][16]. - The ID. EVO concept car is positioned to lead a new trend in automotive design, breaking away from traditional perceptions of the brand [7][9].