BYD(002594) 凤凰网·2025-04-23 07:21Core Insights - BYD is undergoing a strategic adjustment in its European market expansion, focusing on restructuring its dealer network and increasing the supply of hybrid models to accelerate growth [1][2] - The company aims to achieve a significant increase in overseas sales, targeting 800,000 units by 2025, leveraging its competitive experience from the Chinese market [2] Group 1 - BYD's European business is reportedly improving, with plans to use successful models from the Chinese market as a foundation for growth [1] - The company has faced challenges in Europe due to a weak dealer network, lack of local talent, and delays in hybrid model deployment [1][2] - BYD has introduced four vehicle models in Europe and plans to launch its high-end brand, Tengshi, in the fourth quarter to enhance its product lineup [1] Group 2 - The company is expanding its dealer network through partnerships with major investment groups, aiming to create a scalable sales and service system [2] - BYD's experience in the competitive Chinese market is seen as a strength that will enhance its competitiveness in the global market [2] - The first quarter of 2025 is expected to show significant year-on-year growth in BYD's European sales, indicating that the adjustment measures are starting to yield results [3]