Chapter 3: Comparison of Globalization Paths Among Five Representative Automakers
China's NEV global expansion has evolved from early sporadic probes to systematic globalization. This chapter selects five representative automakers — BYD, Chery, SAIC MG, Geely, and NIO — for comparative analysis across three dimensions: strategic model, scale performance, and risk structure, supplemented by Leapmotor (Stellantis partnership model) as an additional reference.
3.1 BYD: Vertically Integrated "Supply Chain Going Global"
In 2025, BYD delivered 1.046 million NEVs overseas BYD Today, with its 2026 target raised to approximately 1.3 million units. Supporting this scale is a "ve...
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