Group 1 - The global electric vehicle (EV) market is experiencing significant growth, with April 2025 pure EV sales increasing by 38% year-on-year to 1.0797 million units, driven largely by the Chinese market which contributed over 60% of the total sales and saw a growth rate of 51% [1][3] - Morgan Stanley's report highlights a fundamental restructuring of the industry, indicating that the global EV market is entering a "China-dominated era," with Chinese brands showing clear advantages in technological innovation and cost control [3] - In April, BYD and Geely ranked as the top two global EV manufacturers, while Tesla fell to fourth place, with its global market share declining from 10.7% to 7.9% year-on-year [3] Group 2 - In terms of regional performance, China's EV sales reached 662,500 units, a substantial increase of 51%, with market penetration rising from 22.4% to 30.2%. In contrast, the European market saw sales of 214,300 units, up 30%, while the U.S. market experienced a decline, with sales of 95,400 units, down 4% [3] - The sales ranking among EV manufacturers changed significantly in April, with BYD leading at 181,000 units and a 17% market share, followed by Geely at 100,800 units and a 9% market share. Tesla's sales dropped to 84,800 units, a 17% year-on-year decrease, and its market share in the U.S. fell from 46.0% to 41.0% [3][4] - The top-selling model was Tesla's Model Y with 57,200 units sold, followed by BYD's Seagull/Dolphin Mini with 37,800 units. The global battery deployment reached 66,800 MWh, a 32% increase year-on-year, with lithium iron phosphate (LFP) batteries' share rising from 35% to 44% [4]