Core Viewpoint - Shenzhen has transformed from a small fishing village to a global metropolis, becoming a leader in the electric vehicle industry, particularly in the production of new energy vehicles (NEVs) [1][3][27]. Group 1: Shenzhen's Development - Shenzhen's financial landscape has grown significantly, with over 2,800 listed companies [1]. - The city has seen a remarkable increase in skyscrapers, with the tallest reaching 599 meters [1]. - Shenzhen has advanced from 2G to 6G in communication technology, showcasing its leadership in tech innovation [1]. Group 2: BYD's Growth - BYD was founded in Shenzhen in 1994, capitalizing on the burgeoning automotive industry [3][4]. - The production of NEVs in Shenzhen surged from 109,300 units in 2020 to 2,935,300 units in 2024, marking a 26-fold increase in just four years [3][14]. - BYD's sales reached 1,868,500 units in 2022, a 152.46% increase year-on-year, and projected to reach 4,272,000 units in 2024, a 41.26% increase [14]. Group 3: Industry Ecosystem - Shenzhen has developed a comprehensive ecosystem for the NEV industry, including battery manufacturers, electric motor control companies, and smart cockpit technology firms [22]. - The city has established over 1,002 supercharging stations and more than 410,000 charging piles, surpassing the number of gas stations [23]. - The local government has implemented policies to promote NEVs, such as financing leasing models and encouraging electric bus purchases [11][12]. Group 4: Global Expansion - BYD has expanded its global presence, with sales reaching 550,000 units overseas in 2023, surpassing the total for the previous year [24]. - The company has established production bases in several countries, including Thailand and Hungary, and has increased its European store count from 3 to over 400 [24]. - The "Shenzhen号" roll-on/roll-off ship carried over 6,800 BYD vehicles to Belgium, highlighting the company's international logistics capabilities [24][25].