BYD convened an interim shareholders' meeting in Pingshan, Shenzhen. At the meeting, Chairman and President Wang Chuanfu candidly admitted that BYD has witnessed a downturn in its domestic sales figures this year. He pinpointed two primary factors contributing to this trend.

Firstly, he noted that BYD's current technological supremacy pales in comparison to its heyday in previous years. The market has seen less remarkable technological progress, and there's a growing trend of industry homogenization. This, he explained, is in line with the natural cyclical patterns of product and technological evolution.

Secondly, Wang Chuanfu highlighted the pressing need for technological breakthroughs to address user pain - points. He specifically mentioned the slow charging speeds in low - temperature conditions as a critical issue that demands immediate attention and resolution through technological innovation.