[Summary of contents]

1. BYD Auto Revival: A Journey of Transformation Through the New Energy Cycle

2. New energy leader: 24M10 sales exceeded 0.5 million vehicles

3. Price: New energy technology advantage+high-end two-wheel drive

4. Volume: domestic economic potential+overseas penetration space

5. Risk Alerts

Sales volume of new brand models fell short of expectations;

Overseas production capacity construction progress falls short of expectations;

Prices of raw materials have risen sharply.