Group 1 - BYD plans to establish its European headquarters in Hungary to enhance its market presence and service efficiency, creating 2,000 jobs [1] - The European center will serve three main functions: a sales and after-sales service hub, testing facilities, and a base for developing localized vehicle models [1] - BYD has already launched three electric vehicle models in Hungary and opened two channel stores in Budapest [1] Group 2 - BYD's Tengshi brand is expected to enter dozens of European countries within two years, with projected sales exceeding 10,000 units across 14 European countries by April 2025, significantly outpacing Tesla's sales [2] - Xiaopeng Motors is also accelerating its European expansion, having launched three electric vehicle models and aiming for deeper localization in R&D and manufacturing [2] - Xiaopeng views Europe as a crucial market outside of China and plans to introduce multiple new models in the next three years [2] Group 3 - The EU's stance on high tariffs for Chinese electric vehicles is shifting, with recent communications indicating a willingness to negotiate and resolve trade issues [3] - The EU previously imposed anti-subsidy tariffs ranging from 7.8% to 35.3% on Chinese electric vehicles, but ongoing discussions aim to address these trade barriers [3] - The Chinese government expresses readiness to collaborate with the EU to enhance bilateral economic cooperation and reduce trade friction [3]