Core Viewpoint - BYD is focusing on plug-in hybrid vehicles (PHEVs) in addition to pure electric vehicles, which aligns with the current market conditions in Europe where charging infrastructure is still developing, presenting a significant market potential for PHEVs [1] Group 1: Company Strategy - SAIC's MG brand has launched HEV hybrid models to strengthen its sales base in Europe, achieving over 220,000 terminal deliveries in the European market this year, making it the best-selling Chinese brand in Western Europe [1] - SAIC Group has developed its own "Zhu Feng" integrated vehicle architecture, covering both "oil hybrid" and "electric hybrid" products [1] - Multiple models of plug-in hybrid and range-extended products are being launched this year by SAIC's own brands such as Roewe, Zhiji, and Shangjie, as well as joint ventures with brands like Volkswagen and General Motors [1]

Core Viewpoint - BYD is not only selling pure electric vehicles but also plug-in hybrid vehicles, which positions it advantageously in the European market where charging infrastructure is still developing [1] Group 1: Company Strategy - SAIC MG has launched HEV hybrid models to strengthen its sales base in Europe, achieving over 220,000 terminal deliveries in the European market this year, making it the best-selling Chinese brand in Western Europe [1] - SAIC Group has developed its own "Zhu Feng" integrated vehicle architecture, covering both "oil hybrid" and "electric hybrid" products [1] Group 2: Market Context - The current lack of widespread charging infrastructure in Europe enhances the market potential for plug-in hybrid vehicles, aligning with the transition from gasoline vehicles to electric vehicles [1] - Various domestic brands such as Roewe, Zhiji, and Shangjie, along with joint ventures like Volkswagen and General Motors, are set to launch multiple plug-in hybrid and range-extended products this year [1]