基于国际生产折衷理论（OLI范式）和动态能力理论，以比亚迪新能源汽车的国际化历程为案例，探讨了全产业链先进制造业企业保持国际竞争优势的内在机理。研究结果发现：①动态能力与所有权、区位与内部化三大优势协同演化，即资源驱动重构所有权优势，制度驱动获取区位合法性，价值驱动升级内部化优势。②全产业链结构是动态能力与上述优势协同的核心媒介，其“垂直整合—模块适配—生态开放”的层级演化，支撑企业从技术控制向生态主导跃迁。③动态能力通过“资源驱动—制度驱动—价值驱动”路径分阶段演进：资源驱动阶段聚焦核心技术整合与市场策略制定；制度驱动阶段强化合规突破与本土化实践；价值驱动阶段通过生态赋能实现标准输出。

Based on the coupled framework of the Eclectic Paradigm (OLI) and dynamic capability theory, this paper takes the internationalization of BYD New Energy Vehicles as an example to explore the evolutionary mechanism of dynamic capabilities of advanced manufacturing enterprises with full industrial chains and their driving role in competitive advantages. The study finds that: ①Dynamic capabilities and OLI advantages co-evolve: resource-driven reconstruction of ownership advantages, institution-driven acquisition of locational legitimacy, and value-driven upgrading of internalization advantages. ②The full industrial chain structure is the core medium for the coordination between dynamic capabilities and OLI, and its hierarchical evolution of “vertical integration-module adaptation-ecological openness” supports enterprises’ transition from technological control to ecological dominance.③Dynamic capabilities evolve in stages through the path of “resource-driven—institution-driven—value-driven”: focusing on core technology integration and market strategy formulation in the resource-driven stage; strengthening compliance breakthroughs and localization practices in the institution-driven stage; and achieving standard output through ecological empowerment in the value-driven stage.