BYD has topped the AutomotiveINNOVATIONS ranking for the first time as the global automotive group with the strongest innovation capabilities. The Chinese leader is followed by Volkswagen and Mercedes-Benz, confirming a significant shift in the balance of technological power within the automotive industry. BYD stands out particularly for the speed of its development and the widespread adoption of new technologies. Chinese automakers have increased their share of global innovation strength from 28% in 2019 to approximately 47% in 2023. German brands are growing again after a slump, but still lag behind China by nearly 20 percentage points. Tesla finished as low as 24th. auto-institut.de 🇩🇪