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：2025-37 覆盖 32 个国家及地区，产品矩阵涵盖从掀背车到中大型 SUV 共 13 款车型，并为欧洲消费者带来兆瓦闪充、超级混动、刀片电 池等领先科技。比亚迪计划于 2026 年年底前，携手当地优质经 销商和合作伙伴，在欧洲开设超 2000 家门店，其中德国市场今 年底将完成 120 家网点布局，以满足消费者对新能源汽车的购 车、用车需求，全面加速本地化运营。 问题三：比亚迪商用车有什么进展？ 答：9 月 24 日，比亚迪与阿塞拜疆 BAKUBUS 在苏姆盖特工业园 区举行交付典礼，首批 50 台电动大巴正式交付。这是继去年 7 月 160 台大巴交付后，再次签署的 300 台大巴订单，也是比亚迪 与当地 Sarda Group 集团、国家发展基金共同投资建设的大巴工 厂的首批下线车辆，标志着比亚迪在阿塞拜疆的合作进入新阶 段。 问题四：仰望 U9 赛道版怎么做到 472.41 km/h 的最高时速成绩 的？ 答：强悍的车辆性能表现源于仰望超越极致之路的技术积淀。与 现款仰望 U9 同源，仰望 U9 赛道版搭载以易 ...

Group 1 - The World Bus Expo held in Brussels from October 4 to 9 showcased over 550 companies, focusing on zero-emission vehicles, smart transportation, and next-generation battery innovations [1] - Chinese companies made a significant impact with over 80 exhibitors, surpassing Germany for the first time, while Turkey led with 107 exhibitors [1] - European manufacturers introduced new products, including Daimler's first intercity electric model and MAN's first electric bus developed by a major European manufacturer [1] Group 2 - Yutong Bus showcased four electric models and advanced technologies such as "vehicle-battery co-lifetime," covering various transportation scenarios, and won multiple awards at the World Bus Awards [2] - BYD launched three new electric models, including two 12-meter buses and one 18-meter articulated bus, all equipped with intelligent driving assistance systems and proprietary blade batteries [2] - Xiamen Golden Dragon displayed a range of vehicles, including an L4 level autonomous bus, which features a comprehensive intelligent system to handle complex traffic situations [3] Group 3 - BYD has deployed over 5,000 electric buses across 26 countries and 160 cities in Europe, accumulating 650 million kilometers of operation, which has helped reduce carbon emissions by 690,000 tons [3] - Chinese companies in the bus industry also presented electric components and solutions, including batteries, motors, and electric control systems, highlighting the industry's comprehensive capabilities [3]

Domestic News - In the first eight months of 2025, state-owned enterprises reported total profits of 27,937.2 billion yuan, a year-on-year decrease of 2.7% [5] - In August, the value added of major equipment manufacturing and high-tech manufacturing industries grew by 8.1% and 9.3% year-on-year, respectively, outpacing the overall industrial growth rate by 2.9 and 4.1 percentage points [6] - The total import and export value of automotive goods in August was 25.81 billion USD, with exports amounting to 21.64 billion USD, a year-on-year increase of 13.2% [7] - The electric vehicle and battery industries have become new hotspots for economic cooperation between China and Nordic countries, with several Chinese EV brands successfully entering Nordic markets [8] - Beijing Hyundai's first pure electric platform SUV has been named "EO羿欧" [10] - Dongfeng Motor's new generation Mahle power engine has achieved a thermal efficiency exceeding 48%, setting a new industry record [11] - Chery's O&J division plans to launch three new models in Thailand, including the OMODA C3 EV next year [12] - CATL plans to build 100 battery swap stations in Hainan over the next three years to enhance the battery swap network coverage [13] International News - California has 201,180 public and shared EV charging stations, surpassing the number of gas pumps by 68% [14] - Ford and GM are working together to extend the $7,500 EV tax credit by allowing dealers to lease vehicles purchased before the credit expires [15] - Toyota's global sales in August increased by 2.2% year-on-year, driven by strong demand in the U.S. market [16] - Tesla is preparing to enter the Colombian market, with job postings indicating plans for operations in Medellin and Bogota [17] Commercial Vehicles - Xiamen Golden Dragon has been selected as one of the first national-level manufacturing digital transformation promotion centers [18] - BYD's Hungarian factory has produced its 1,000th electric bus, marking a significant milestone in local production [19] - Times Automotive celebrated the production of its 6.8 millionth vehicle, highlighting its long-standing success in the commercial vehicle sector [20] - Jianghuai New Energy's pickup trucks participated in the FIA Eco Rally Cup, showcasing China's technological strength in new energy vehicles [21]

Group 1 - Xiaopeng Motors has published a patent for a humanoid robot, which includes a robotic body and a mechanical arm designed to enhance the robot's anthropomorphic effect by increasing the flexibility and coordination of the arm's movements [2] - Intel is reportedly developing another data center GPU in addition to "Jaguar Shores," which is expected to have lower power requirements for servers and may be released next year [2] - BYD's electric bus factory in Azerbaijan plans to start CKD (Completely Knocked Down) production mode in 2027, following the delivery of the first batch of 50 electric buses [2] Group 2 - Global VR headset shipments declined by 14% year-on-year in the first half of 2025, primarily due to weak demand in the consumer market, with Meta maintaining a dominant market share of approximately 80% [2]

9月24日，比亚迪与阿塞拜疆BAKUBUS在苏姆盖特工业园区举行交付典礼，首批50辆电动大巴正式交付。这是继去年7月160辆大巴交 付后，再次签署的300辆订单，也是比亚迪与当地Sarda Group集团、国家发展基金共同投资建设的大巴工厂的首批下线车辆，标志着 比亚迪在阿塞拜疆的合作进入新阶段。 阿塞拜疆经济部副部长Samad Bashirli、中国驻阿塞拜疆大使鲁梅、比亚迪商用车事业部总经理田春龙及欧洲汽车销售中亚地区总经理 曹爽共同出席了交付典礼。 田春龙总表示："300台订单的落地与工厂的顺利投产，证明了比亚迪与阿塞拜疆在绿色交通领域合作的深度与广度。比亚迪希望通过领 先的电动化技术和完整的产业链能力，助力阿塞拜疆发展新能源商用车产业，推动公共交通绿色升级。" 现场嘉宾合影 当地工厂首批大巴交付现场 该工厂计划自2027年开启CKD（完全散件组装）生产模式，将进一步提升本地制造水平，助力阿塞拜疆构建高效、低碳的公共交通体 系。此次交付300台大巴计划在阿塞拜疆首都巴库、卡拉巴赫、那赫切万市运营，其余大巴将在本地组装后陆续交付。 活动后，比亚迪代表团与阿塞拜疆经济部部长Mikayil Jabbarov举 ...

79 辆新能源公交车采购项目中标结果公布 (招标编号:ZZHT-2025-084) 一、中标人信息: 近日，79辆新能源公交车采购项目（招标编号：ZZHT-2025-084）中标结果正式公布，成都氢智创新能源技术有限公司成功中标，中 标价格为6004.3187万元。 标段(包)[001]79 辆新能源公交车采购项目: 中标人:成都氢智创新能源技术有限公司 - 中标价格:6004. 3187 万元 二、其他: 79 辆新能源公交车采购项目公示期结束,确认中标人为成都氢智创新能源技术有限公 司,中标价:60043187.00元。 三、监督部门 本招标项目的监督部门为成都青白江蓉欧园区运营管理有限公司法审部。 四、联系方式 招 标 人:四川川贸通物流有限公司 址:成都市青白江区文化体育中心 C座 11 楼 地 电子邮件: / 址: 成都市武侯区二环路南三段5号人南大厦 B 座 11 楼 18号 神 联 系 人: 邓女士 话: 028-87788036 电 电子邮件: / 招标人或其招标代理机构主要负责人(项 招标人或其招标代理 联 系 人:李女士 话:028-64382632 电 招标代理机构:四川中正恒泰工程管理 ...

Core Viewpoint - BYD's impressive performance in the first half of the year is largely driven by overseas sales, which have seen significant growth despite increasing domestic competition [2][4]. Group 1: Sales Performance - From January to July, BYD's passenger car sales reached 2.4543 million units, a year-on-year increase of 25.99% [2]. - Overseas sales of BYD's passenger cars and pickups reached 550,300 units, a year-on-year increase of over 130%, contributing more than 60% to the overall sales growth [2][4]. - In July alone, BYD achieved overseas sales of 80,200 units, accounting for 23.51% of its monthly performance [2]. Group 2: Market Expansion - BYD's strategy includes stable sales in existing markets and explosive growth in new markets, with Indonesia showing a staggering year-on-year increase of 1142% [4][5]. - Other countries with significant sales growth include Turkey, the UK, Spain, Germany, Italy, Norway, and Portugal, all exceeding 100% growth [5][6]. Group 3: Management Insights - BYD's overseas business is managed by three executives, focusing on different regions: Li Ke for Europe and America, Liu Xueliang for Asia-Pacific, and Huang Xuezhi for the Middle East and Africa [6]. - Liu Xueliang emphasizes the importance of building brand trust through years of operation in various countries, particularly in the electric bus sector, which has laid a solid foundation for passenger car sales [7][10]. Group 4: Strategic Goals - BYD aims for sustainable growth rather than just rapid sales increases, focusing on establishing a strong brand presence in international markets [10][12]. - The company is committed to a long-term vision, prioritizing the establishment of trust and quality service over immediate sales figures [12][24]. Group 5: Competitive Landscape - BYD faces significant competition from Japanese and Korean automakers in the Asia-Pacific region, which are well-established and have a conservative consumer base [20][26]. - The company is actively working to improve its brand image and consumer perception of Chinese brands in international markets [33][34]. Group 6: Future Outlook - BYD is expanding its production capabilities in various countries, including Cambodia and Pakistan, to enhance local manufacturing and sales [28][29]. - The company is also exploring the establishment of R&D centers in overseas markets to better tailor products to local consumer needs [30].

Core Insights - BYD's passenger car sales reached 2.4543 million units from January to July this year, marking a year-on-year increase of 25.99%, although domestic market competition is intensifying [1] - Overseas markets have become a significant growth driver for BYD, with overseas sales of passenger cars and pickups reaching 550,300 units, a year-on-year increase of over 130%, contributing more than 60% to the overall sales growth [1][2] - In July alone, BYD achieved sales of 80,200 units in overseas markets, accounting for 23.51% of its monthly performance [1] Sales Performance - BYD's original annual export target of 800,000 units is expected to be achieved ahead of schedule by early November, with potential to reach 950,000 units by year-end [2] - The company has seen significant sales growth in various countries, with Indonesia's sales increasing by 1,142% year-on-year [4] Market Strategy - BYD's overseas business is divided into three main regions: Europe, Asia-Pacific, and Middle East & Africa, each managed by different executives [5] - The company emphasizes a strategy of deep integration with local markets, focusing on building trust and adapting to local needs rather than merely exporting products [8][10] Brand Positioning - BYD aims to redefine the perception of Chinese brands abroad, moving away from the historical image of being "cheap" by leveraging technological innovation [14][42] - The company is committed to sustainable development and long-term growth, prioritizing brand establishment over immediate sales figures [10][11] Regional Insights - In the Asia-Pacific region, BYD has successfully penetrated markets like Thailand and Indonesia, with Thailand being the largest market in terms of absolute sales [19][20] - The company is also exploring opportunities in more complex markets like India and Nepal, where it has seen success with electric buses [25][26] Competitive Landscape - BYD faces significant competition from established Japanese and Korean automakers in the Asia-Pacific region, with a focus on learning from these competitors rather than directly chasing them [32][26] - The company has established a strong presence in Japan's electric bus market, holding a 70% market share, and is gradually expanding its passenger car sales [27] Future Outlook - BYD is planning to enhance its local production capabilities in the Asia-Pacific region, with ongoing projects in Cambodia and Pakistan [36] - The company is also considering the establishment of R&D centers in overseas markets to better tailor products to local consumer preferences [40]

Core Viewpoint - The article highlights the efforts of a young overseas Chinese entrepreneur, Zhao Zhangao, in establishing a logistics and trade bridge between Chongqing and Southeast Asia, particularly Myanmar, through the development of new transportation routes and economic cooperation initiatives [1][3]. Group 1: Logistics and Transportation - A new dual-function air route between Chongqing and Yangon is planned, reducing travel time to 3 hours, facilitating the quick transport of seafood to Chongqing [1]. - The establishment of the China-Myanmar New Corridor (Chongqing-Lincang-Myanmar) international railway will enable rapid access for products from Western China to Southeast Asian markets [3]. Group 2: Economic Cooperation and Trade - The company aims to facilitate the export of Chongqing's products, such as solar panels and electronic components, to Southeast Asia while importing local specialties like seafood and gemstones back to China [3]. - Plans are in place to promote 3,000 "Chongqing-made" electric vehicles in Southeast Asia by 2024, with existing vehicles already in operation in Myanmar [3]. Group 3: Cultural and Resource Exchange - The establishment of a China-Myanmar Economic Cooperation Industrial Park in Dazu aims to process and sell Myanmar's jade and gemstones, leveraging local craftsmanship [4]. - The company intends to create a jewelry and gemstone trading platform within the industrial park to expand into global markets [4]. Group 4: Role of Overseas Chinese Entrepreneurs - Zhao emphasizes the importance of young overseas Chinese leaders in utilizing internet platforms, particularly live streaming, to share business opportunities and developments in China with the global Chinese community [4]. - The vision includes the creation of a "Chongqing Overseas Chinese Industry Park" to serve as a hub for overseas Chinese businesses, with interest from over 30 overseas Chinese groups from various countries [4].

Core Insights - The article highlights the significant entry of Chinese automotive giant BYD into the Brazilian market, marking a shift from traditional Western dominance to a new era of Chinese influence in South America's largest automotive market [1][2] Group 1: Factory and Production - BYD's new passenger vehicle factory in Bahia, Brazil, has an initial annual production capacity of 150,000 vehicles, producing both Battery Electric Vehicles (BEV) and Plug-in Hybrid Electric Vehicles (PHEV) to cater to diverse market needs in Brazil and neighboring countries [1][2] - The factory's first vehicle, the Seagull, signifies a major milestone, although the facility is still under construction and not yet in full-scale production [1][2] Group 2: Market Growth and Strategy - BYD's passenger vehicle sales in Brazil surged from 260 units three years ago to over 76,000 units projected for 2024, representing a growth of over 328% [2][3] - The company aims to capture over 92% of the electric vehicle market share in Brazil by May 2025, establishing itself as a leader in the Brazilian new energy market [2][3] Group 3: Local Integration and Community Engagement - BYD emphasizes its commitment to the local community by hiring many former Ford employees and providing them with new training and skills [2][3] - The company has built a comprehensive ecosystem in Brazil, including a nationwide dealer network and charging infrastructure, addressing local challenges such as insufficient charging facilities [3][4] Group 4: Competitive Landscape and Challenges - BYD faces increasing competition from established local automakers like Fiat and Volkswagen, which have successfully lobbied for increased import tariffs, making local production more urgent for BYD [4][5] - The company must navigate complex political dynamics and fierce competition from other ambitious Chinese brands like Great Wall Motors (GWM) to maintain its market position [4][5] Group 5: Globalization and Future Outlook - BYD's expansion in Brazil is part of a broader global strategy, with the company achieving a record overseas sales of 472,100 vehicles in the first half of the year, aiming for a total of 800,000 units for the year [4][5] - The success of BYD and other Chinese automakers hinges on their ability to adapt to local regulations, culture, and supply chains, transforming from foreign entrants to deeply integrated local enterprises [5]