游客在巴西贝伦的COP30主题装饰物旁拍照。记者 时元皓摄 "非洲光带"项目光伏发电系统电源箱。生态环境部对外合作与交流中心供图 比亚迪巴西乘用车工厂首车下线仪式今年7月1日在巴西巴伊亚州卡马萨里市举行。图为一辆比亚迪新能 源汽车正在生产线上装配。记者 宋亦然摄 《联合国气候变化框架公约》第三十次缔约方大会正在巴西贝伦举行。图为与会代表进入会场。记者 陈一鸣摄 当前，一些国家政策反复、倒退，给全球气候治理制造了新障碍。作为负责任大国，中国始终坚守多边 主义，践行自主承诺，深化国际合作，推动凝聚国际共识，以务实行动为全球应对气候变化挑战注入信 心。 多边机制的坚定捍卫者 推动《巴黎协定》从签署、生效顺利走向实施 10年前，面对各国在气候行动方面日益分化的利益诉求，习近平主席在气候变化巴黎大会开幕式上发表 讲话指出，巴黎协议应该有利于实现公约目标，引领绿色发展；有利于凝聚全球力量，鼓励广泛参与； 有利于加大投入，强化行动保障；有利于照顾各国国情，讲求务实有效。中国为推动应对气候变化全球 合作不懈努力，推动各方通过艰苦谈判达成《巴黎协定》，践行了真正的多边主义。 今年是《巴黎协定》达成10周年，全球气候治理进入关键 ...

Core Insights - BYD's globalization process is advancing at an unprecedented speed [1] - BYD has surpassed traditional British automotive brands in sales within just two years, indicating a significant market penetration [2][3] - The company has established itself as the largest single overseas market in the UK, with a total sales volume of 35,604 vehicles in the first nine months of 2025, reflecting a year-on-year increase of 576.9% [3] Global Market Expansion - BYD's overseas factories are beginning production, leading to breakthrough sales in various markets including Italy, Spain, Brazil, and Thailand [4] - The company is overcoming user perception barriers and building trust in its brand and products, which is essential for its strategy of "recreating BYD" [5] Strategic Differentiation - Historically, Chinese automotive brands faced challenges in overseas markets due to consumer trust in local brands and established supply chains [6] - BYD is implementing a differentiated strategy based on local market conditions, adapting to various regional policies and competitive landscapes [8] Product and Market Adaptation - Market data shows a preference for plug-in hybrid models in Mexico, Brazil, and Turkey, while pure electric vehicles dominate in countries like Indonesia [9] - BYD's factories in Thailand and Brazil are producing both pure electric and plug-in hybrid models to cater to local preferences [11][12] Local Integration and Innovation - BYD is transitioning from merely exporting products to establishing a local presence and integrating into local markets [13] - The company plans to collaborate with local universities and suppliers in Hungary to enhance the local automotive ecosystem [18] Research and Development Investment - BYD has invested a total of 220 billion yuan in R&D, with 43.75 billion yuan spent in the first three quarters of 2025 [19] - The company’s overseas sales reached 700,000 units in the first nine months of 2025, marking a 132% year-on-year increase and accounting for 22% of total sales [19] Quality and Brand Enhancement - BYD is moving from quantity growth to quality improvement, focusing on product structure upgrades and brand value enhancement [20] - In the EU market, BYD's sales increased by 560% in the first three quarters of 2025, with significant growth in Brazil and Thailand [21] Market-Specific Strategies - At the Tokyo Motor Show, BYD launched the K-EV BYD RACCO, tailored for the Japanese market, and introduced a dual strategy of pure electric and hybrid models [22][24] - BYD is building a complete ecosystem in overseas markets, transitioning from product export to technology output and talent development [25] Conclusion - As more Chinese brands like BYD gain trust and create value, they are poised to transition from emerging players to world-class brands, marking a significant chapter in the globalization of Chinese automotive brands [26]

Core Insights - Chinese automotive brands are rapidly gaining popularity in South Africa, with increasing market presence and consumer preference, particularly among the youth [1][2][3] Group 1: Market Trends - South African cities are witnessing a surge in the presence of Chinese automotive brands such as Haval, Chery, BYD, and BAIC, with dealerships emerging rapidly [1] - In September, new car sales in South Africa continued to grow, with Chery and Great Wall Motors ranking 4th and 6th respectively in sales [2] - Chinese brands are reshaping consumer perceptions in South Africa, meeting demands for price, design, and technology [2] Group 2: Consumer Preferences - Young South African consumers are increasingly favoring Chinese brands, with Chery being one of the top ten brands financed by young buyers [2] - The Chery Jetour X70 Plus, launched in September last year, is noted for its high cost-performance ratio and reliability, appealing to local drivers [2] Group 3: Economic Impact - Chinese automotive companies are contributing to local employment and industry development by investing in manufacturing plants, such as BAIC's facility in Port Elizabeth, which has created over 3,000 jobs [3] - The unique technological features of Chinese vehicles, even in entry-level models, are highlighted as a significant factor in their growing popularity [3]

Core Insights - The new energy vehicle (NEV) market in China is experiencing significant growth, with major players reporting increased delivery volumes in October compared to September, despite some companies facing year-on-year declines [2][6]. Company Performance - BYD achieved a record monthly sales of 441,706 units in October 2025, marking an 11.47% increase from September, but a 12.13% decrease year-on-year [3][6]. - Geely's NEV sales reached 177,882 units in October, a 63.61% increase year-on-year and a 7.68% increase month-on-month, setting a historical high [8]. - Chery's NEV sales surpassed 110,000 units for the first time, totaling 110,346 units in October, reflecting a 54.70% year-on-year increase and a 20.48% month-on-month increase [10]. - Leap Motor reported a record monthly delivery of 70,289 units, marking an 84.11% year-on-year increase [11]. - NIO's delivery volume reached 40,397 units in October, a 92.59% year-on-year increase and a 16.25% month-on-month increase [14]. - Ideal Auto's delivery volume fell to 31,767 units, representing a 38.25% year-on-year decline and a 6.43% month-on-month decline [23]. Market Trends - The competition among NEV manufacturers is intensifying, with no clear leader emerging as companies like Leap Motor, Xpeng, and NIO continue to innovate and expand their offerings [2][12]. - State-owned enterprises in the NEV sector, such as BAIC and Lantu, are also showing strong performance, with BAIC's sales increasing by 112.02% year-on-year [16][20]. - Lantu aims to establish itself as the leading high-end NEV brand among state-owned enterprises, achieving nine consecutive months of sales growth [20]. Future Outlook - Leap Motor is optimistic about achieving a total delivery of at least 500,000 units for the year, having already delivered 465,800 units in the first ten months [10]. - Ideal Auto is focusing on expanding its market presence in Central Asia, the Middle East, Europe, and the Asia-Pacific region, while also addressing production capacity issues [23][25].

Core Insights - BYD has strategically invested in Harmony Auto's overseas electric vehicle platform, iCar Group, acquiring a 10% stake for $40 million, which strengthens their partnership and aims to enhance market competitiveness in overseas markets [1][2][11] - Harmony Auto has been expanding its presence in the electric vehicle sector since 2015 and is now focusing on international markets, particularly in Asia and Europe, to create a second growth curve [2][8] - The investment from BYD reflects a deeper capital connection and aims to leverage BYD's technology and brand influence to solidify Harmony Auto's position in the overseas electric vehicle market [2][12] Investment and Financial Strategy - Prior to BYD's investment, Harmony Auto had already sold 45% of its stake in iCar Group to Epower Global Limited for 330 million yuan, which helped alleviate financial risks by offsetting debts [3][5] - Harmony Auto's stock price surged after announcing the strategic investment, indicating positive market sentiment towards the transaction [3] - The overseas operations of iCar Group have been rapidly expanding, with 40 4S centers and 36 showrooms established across various regions, contributing significantly to Harmony Auto's revenue growth [3][8] Performance Metrics - In the first half of 2025, Harmony Auto reported a 29.1% increase in revenue, with new car sales growing by 36.7%, and a significant improvement in gross profit and net profit margins [6][7] - The overseas market has become a primary revenue source for Harmony Auto, with sales from international markets accounting for 51.3% of total sales [6][8] - Despite the growth, iCar Group has not yet turned a profit, with reported revenues of 0.16 billion yuan and 19.35 billion yuan for 2023 and 2024, respectively, alongside net losses [9][10] Market Dynamics - The partnership between BYD and Harmony Auto is seen as a strategic move to navigate the challenges of the competitive automotive market, particularly in the context of price wars and declining margins in key markets [5][15] - The shift towards an agency model in the automotive industry is noted, where manufacturers retain more control over sales channels, potentially impacting the profitability of traditional dealership models [15] - Analysts predict that BYD's export sales could reach 1 million units by 2025, with iCar Group expected to contribute 7-8% of that volume, indicating a positive outlook for future growth [9][10]

据深圳市交通运输局统计，今年前三季度，小漠港累计出口汽车2.3万辆，其中超90%货源来自毗邻港 口的比亚迪深汕基地。在"常州号"之前，比亚迪"开拓者1号""深圳号""郑州号"等7艘巨轮已先后在小漠 港停靠出海，至此，这支总投资50亿元打造的、年运力超百万辆的比亚迪"出海舰队"已悉数亮相小漠 港。 10月19日，在小漠国际物流港，1380台比亚迪（002594）新能源汽车有序开上比亚迪"常州号"滚装船， 即将远航巴西市场。这也带动了港口作业量的进一步攀升。记者10月20日从深圳市交通运输局获悉，根 据码头作业计划，10月份小漠港汽车出口量有望突破1.4万辆，将刷新港区单月汽车出口历史新纪录。 作为粤东片区的深水良港，小漠港已逐渐发展成为比亚迪全球战略的重要门户。目前，小漠港共开通汽 车滚装外贸航线11条，覆盖全球七大核心区域，通达东南亚、中东、地中海、欧洲、南美洲、大洋洲、 非洲等地区。 在此前举行的股东大会上，比亚迪董事长王传福谈及出海时表示，正如2020年国内市场进入爆发期一 样，海外市场也逐步进入爆发期，比亚迪出海战略跟高端战略一样，是比亚迪未来三年核心战略。 出口热潮背后，港口服务与产业需求同频共振。为 ...

Core Insights - On October 19, 1380 BYD electric vehicles were loaded onto the "Changzhou" roll-on/roll-off ship at Xiaomo International Logistics Port, marking a significant step in BYD's expansion into the Brazilian market [2] - Xiaomo Port is becoming a crucial gateway for BYD's global strategy, with plans to export over 14,000 vehicles in October, setting a new monthly record for the port [2] - BYD's global sales reached 3.26 million units from January to September, a year-on-year increase of 18.64%, with overseas markets driving growth [3] Company Developments - BYD has established 11 international roll-on/roll-off shipping routes from Xiaomo Port, covering key regions including Southeast Asia, the Middle East, Europe, and South America [2] - The company has a fleet of ships, including the "Pioneer 1," "Shenzhen," and "Zhengzhou," with a total investment of 5 billion yuan, capable of transporting over 1 million vehicles annually [2] - BYD's overseas sales for the first nine months of the year reached 701,500 units, surpassing the total for the entire year of 2024 [3] Industry Trends - The Shenzhen transportation department is enhancing services at Xiaomo Port to support the growing demand for electric vehicle exports, ensuring efficient operations and zero delays in vehicle loading [4] - Xiaomo Port is undergoing expansion to accommodate increased shipping capacity, with new multi-purpose berths and adjustments to existing facilities to handle two large roll-on/roll-off ships simultaneously [4] - The port's annual capacity is expected to reach 1 million vehicles once the expansion is completed, positioning it as a key player in the automotive export market [4]

Core Insights - BYD's international logistics operations are expanding significantly, with 1,380 electric vehicles being shipped to Brazil on the "Changzhou" roll-on/roll-off ship, marking a milestone in their export capabilities [1] - The fleet now consists of eight large vessels, collectively capable of transporting over one million vehicles annually, showcasing BYD's commitment to international markets [1] - The small port has exported 23,000 vehicles from January to September this year, with over 90% of the shipments originating from BYD's Shenzhen-Dongguan base, highlighting the integration of production, transportation, and trade in the automotive industry [1] - October is projected to see a surge in vehicle exports, with expectations to exceed 14,000 units, potentially setting a new monthly record since the port's opening [1]

Core Insights - BYD maintains a leading position in the global new energy vehicle market, with international expansion being a key driver for sales and profitability growth [3] - The Xiaomo International Logistics Port has become a crucial gateway for BYD's global strategy, facilitating the export of vehicles and enhancing logistics capabilities [5] Group 1: Export Activities - In the first nine months of this year, Xiaomo Port exported 23,000 vehicles, with over 90% sourced from BYD's Shen-Shan base [5] - The port is expected to achieve a record monthly export volume of over 14,000 vehicles in October, marking a historical high since its opening [5] Group 2: Logistics and Infrastructure - BYD has established a fleet of eight roll-on/roll-off ships, capable of transporting over one million vehicles annually, enhancing its logistics support for overseas market expansion [3][5] - Xiaomo Port is designed to accommodate the transportation of 300,000 vehicles annually, with plans for further expansion to increase capacity to one million vehicles by 2025 [7] Group 3: Strategic Development - The Xiaomo Port serves as a hub for the integration of production, transportation, and trade within the automotive industry, exemplifying the synergy in the Shen-Shan Special Cooperation Zone [5] - The port's operational efficiency is enhanced by a one-stop regulatory process, allowing vehicles to be ready for export within five minutes of production [5]

Core Insights - Zhengzhou is transitioning from the "14th Five-Year Plan" to the "15th Five-Year Plan," focusing on high-quality development and modern industrial systems [1][2] - The city aims to establish several trillion-yuan industrial clusters, with a strong emphasis on advanced manufacturing and emerging industries [2][7] Industry Developments - Zhengzhou's industrial landscape features significant players like Yutong in 5G autonomous buses and Hanwei Technology with over 70% market share in gas sensors [2] - The city is home to over 210 million business entities and aims to cultivate seven trillion-yuan industrial clusters, including electronics and automotive manufacturing [2][7] Technological Advancements - Yutong's recent accolades at the World Bus Expo highlight its commitment to innovation, with a focus on electric vehicle technology and automation [3] - The automation rate in BYD's Zhengzhou base has reached over 97%, showcasing advancements in smart manufacturing [3] Digital Transformation - Zhengzhou Coal Machine has rebranded to Zhongchuang Zhiling, emphasizing its shift towards digital and intelligent mining solutions [4] - The establishment of a digital lighthouse factory has significantly improved production efficiency and reduced costs [4] Equipment Manufacturing - China Railway Engineering Equipment Group is leading in shield machine production, with exports to over 30 countries [5] - The company collaborates with Tsinghua University to overcome material challenges, enhancing its competitive edge in the global market [5] Industrial Growth Metrics - Zhengzhou's industrial output has shown a steady annual growth rate of 9.55% from 2021 to 2024, with strategic emerging industries accounting for 50.9% of the industrial value added by 2024 [7][8] - The city has implemented policies to upgrade traditional industries and promote digital transformation, resulting in significant increases in production capacities across various sectors [7][8] Future Outlook - Zhengzhou is positioning itself to leverage national strategies and technological advancements, focusing on a balanced development of traditional, emerging, and future industries [8] - The city plans to expand its future industry scale to over 150 billion yuan, targeting six key directions for growth [8]