On February 14 local time, the European Parliament in Strasbourg passed the 2035 European proposal to stop selling fuel engine vehicles by 340 votes in favour, 279 against and 21 abstentions. Fuel vehicles will withdraw from the soil where they were born in the past, which is undoubtedly a great advantage for domestic new energy vehicles to "go to sea". With the elimination of domestic subsidies and increasingly fierce competition, exports are regarded as the main growth point of domestic new energy vehicles. First Financial Statistics found that, by the first half of 2022, among the 60 listed companies in the A-share new energy vehicle sector, 20 overseas businesses accounted for more than 20% of the total revenue, but mainly lithium batteries, upstream materials and components, the overseas revenue of the vehicle factory was relatively low, and there was more room for improvement in the future. Among the domestic new energy vehicle brands, BYD (020594. SZ) has the largest export scale. According to the company's recent survey, its new energy passenger vehicles have entered more than 40 countries and regions such as Japan, Germany, Australia and Brazil, with a total export of nearly 56000 vehicles in 2022. At the same time, BYD is also a domestic brand with an earlier layout of overseas factories. Last September, BYD Motor Thailand Co., Ltd. signed a contract with WHA Weihua Group Volkswagen Co., Ltd., and the first overseas passenger car factory was officially launched in Thailand. It is expected to start operation in 2024, with an annual capacity of about 150000 vehicles. The cars produced will be put into the local market of Thailand, while radiating the surrounding ASEAN countries and other regions. The reporter from China First Finance and Economics found that, by the first half of 2022, 46 of the 60 listed companies in the A-share new energy vehicle sector had overseas businesses, and 20 of them accounted for more than 20% of the total revenue. Overall, the average overseas revenue of these 46 enterprises accounted for 23.6% of the total revenue. Among them, Junsheng Electronics (600699. SH) accounted for the highest proportion, accounting for 76.32%, with overseas revenue of 17.491 billion yuan; Longxin General Motors (603766. SH) ranked second with 69.84%. The overseas businesses of listed companies of lithium batteries and materials such as Xinwangda, Yiwei Lithium Energy and Ganfeng Lithium also account for a high proportion. Enterprises with relatively high overseas revenue are mainly concentrated in lithium batteries, upstream materials and parts. The overseas revenue of vehicle manufacturers is relatively low, and there is more room for improvement in the future. Great Wall Motors (601633. SH) and Chang'an Motors (000625. SZ) accounted for 14.97% and 11.63% of overseas revenue in the first half of 2022, respectively, while GAC Group (601238. SH) had a lower proportion of 2.88%. Ningde Times (300750. SZ)'s overseas revenue in the first half of last year was 22.254 billion yuan, accounting for 19.7% of the total revenue. Since last year, "Ningwang" has significantly accelerated the layout of overseas markets. On February 14, Ford announced that it would cooperate with Ningde Times to invest US $3.5 billion in the construction of a power battery plant in the southwest of Michigan, the United States. Ningde Times did not involve specific plant construction matters, but would provide preparation and operation services for its battery plant in Michigan, and would license battery patented technology