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Following BYD Semiconductor's IPO application on the Growth Enterprise Market before the Spring Festival, BYD Co., Ltd. (002594.SZ, hereinafter referred to as "BYD")'s competition for market share in the new energy vehicle market has once again escalated.

After BYD updated the group logo and BYD automotive brand logo together, BYD announced its first SUV model, the yuan PLUS, based on the e-platform 3.0, and launched the delivery of over a thousand overseas pure electric buses. In addition to new logos and models, BYD's investment pace is also increasing.

After increasing its capital to Shenzhen Tengshi New Energy Vehicle Co., Ltd. (hereinafter referred to as "Tengshi"), BYD officially established its wholly-owned subsidiary Tengshi Automobile Sales and Services Co., Ltd. and invested in Fujian Jinshi Energy Co., Ltd. (hereinafter referred to as "Jinshi Energy"), with a focus on the photovoltaic industry.

In the current era of rapid development of new energy vehicles, BYD is actively expanding production and constructing the Xiangyang BYD Industrial Park. By laying out the upper and middle reaches of the industrial chain through semiconductors, power lithium batteries, new energy vehicles, and other industries, in the increasingly fierce competition for the new energy vehicle market, whether BYD's "comprehensive flowering" strategy can help it expand market share still needs to be continuously observed.

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