证券代码：002594 证券简称：比亚迪 比亚迪股份有限公司 投资者关系活动记录表 编号：2025-39 投资者关系 活动类别 ☑ 特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 （电话会议） 参与单位名 称及人员姓 名 Invesco、Deputy Fund Manager、Marc Ye 等一行 10 人 时间 2025-11-4 16:00-17:00 地点 比亚迪六角大楼 上市公司接 待人员姓名 吴越、常恩铭 投资者关系 活动主要内 容介绍 问题一：面对当下新老交替的汽车市场，竞争持续加剧，如何看 待公司未来的发展前景？ 答：在新老交替进程加快的大背景下，市场博弈异常激烈、价格 竞争加剧、营销过度现象频发，产业发展面临阶段性不利影响。 但依托新能源汽车强大的技术和产品力，电动化已然成为行业发 展主流，根据乘联会数据，新能源乘用车零售渗透率已经连续数 月超过 50%。 作为全球新能源汽车行业先行者和领导者，公司凭借精准的 战略布局、领先的技术实力、前瞻的市场洞察、完善的产业体系， 坚持通过技术升级、效率提升及规模效应实现以高端化、智能化 与全球化为核心 ...

Group 1: Central Bank and Regulatory Developments - The People's Bank of China is exploring mechanisms to provide liquidity to non-bank institutions under specific circumstances to maintain financial market stability and prevent moral hazards [1] - The China Securities Regulatory Commission (CSRC) has released 23 practical measures to enhance the protection of small and medium investors in the capital market, focusing on improving the fairness of trading environments and enhancing customer service levels [2] - The CSRC aims to strengthen the legal foundation for investor protection by supporting the formulation of financial laws and revising existing regulations, including those related to market manipulation and insider trading [3][4] Group 2: Foreign Investment and Trade Policies - The State Administration of Foreign Exchange plans to introduce nine new policies to facilitate trade innovation and expand the scope of cross-border trade pilot programs, including the implementation of integrated currency pools for multinational corporations [5] - The CSRC has issued a work plan to optimize the Qualified Foreign Institutional Investor (QFII) system, aiming to attract long-term foreign investment by simplifying the approval process for sovereign funds and other institutional investors [6] Group 3: Credit and Digital Currency Initiatives - The People's Bank of China is researching policies to support individuals in repairing their credit records, particularly for those who have settled debts affected by the pandemic [7][8] - The central bank is also working to optimize the management system for digital currency, enhancing its positioning and supporting more commercial banks in operating digital currency services [9] Group 4: Automotive Industry Innovations - Changan Automobile is collaborating with JD.com to develop smart logistics vehicles and explore the design and production of new energy autonomous vehicles [10] - BYD has launched a new energy storage product, "Haohan," featuring the world's largest 2710Ah blade battery, which significantly enhances energy capacity and system reliability [11]