➀ Chinese car companies are expanding overseas production to bypass tariffs, with BYD building a $1 billion plant in Turkey for EU market access;

➁ Geely, SAIC, Chery Auto, and others are establishing factories in Thailand, Malaysia, Europe, and other regions to strengthen global presence;

➂ Dongfeng and FAW are negotiating production in Italy and Egypt, signaling aggressive global manufacturing strategies amid trade challenges.

➀ Researchers from RWTH Aachen University analyzed the battery designs of Tesla and BYD, two major players in the EV market, by disassembling their batteries.

➁ The study found that Tesla's batteries prioritize high energy density and performance, whereas BYD's focus on space efficiency and lower-cost materials.

➂ Despite differences, both batteries share some similarities such as using laser welding for connecting thin electrode foils.

➀ In 2024, EV and fuel cell vehicle sales grew by 25% to reach 16.9 million units, with China's market share expanding to 67%;

➁ Tesla maintained its top position in BEV sales, followed by BYD and SAIC-GM-Wuling, which saw significant growth;

➂ BYD dominated the PHEV segment with a 38% market share, and the industry is expected to see consolidation and potential mergers in 2025.